Nexxus plans to acquire Lumificient

LED and Lumificient, a manufacturer of solid state lighting and control systems, Nexxus Lighting has signed a non binding letter of intent to acquire the company. Lumificient is a manufacturer of LED lighting in the United states.

Nexxus Lighting chairman and CEO Mike Bauer, said: Lumificient company and its founder Zdenko Grajcar will bring to our company updated level of intellectual property rights, research and development capabilities and advanced technology. "According to the completion of due diligence and satisfaction, and the implementation of the board of directors to obtain permission and reach other closing conditions, the agreement is expected to be completed in April 30, 2008.

Bauer said Grajcar is one in the field of solid state lighting and admirable man, Grajcar and his team have developed some exciting new technology, Nexxus company plans in 08 years through its finished products and patented income to achieve commercialization.

Grajcar will serve as the chief technology officer of Nexxus Lighting (CTO), the management of R & D team. Bauer said that under the leadership of the research and development team under the leadership of Grajcar, Nexxus product release plan will soon be realized, and through our efforts, there will be newer and more exciting technology.

Lumificient company has two patents, there are six patents under review, while also preparing several patent applications. According to the plan, Lumificient will become a subsidiary of Nexxus, and Carey Burkett continue to be the general manager of the company, is responsible for the development of lighting and general lighting business logo. "

Zdenko Grajcar said in a statement: "all the members of Lumificient company for the two companies combined with the core strength of the potential are very excited, I believe that through our company's technical strength and umificient Lighting's business model, will create a good company, I personally for the lighting system to have the opportunity to expand before solid-state lighting and assistance re positioning design very excited. "

Source: China Semiconductor Lighting Network