LumenOptix LLC, a manufacturer of specification grade LED retrofit products for downlights, and CeeLite Technologies LLC, a developer of large area light panels and linear LED retrofit products, have announced a strategic merger to form LumenOptix Inc., an innovator and manufacturer of LED lighting products in the commercial and industrial markets.<\/p>\n
LumenOptix also received a new round of funding by The Provco Group. The funding will allow for a significant increase in the company\u2019s capabilities in product development and operations and allow for the addition of a regional sales management group to support the company\u2019s independent agent sales force throughout North America. LumenOptix instantly has a broader array of product lines and is expected to be highly competitive in the multi-billion-dollar commercial and industrial LED retrofit markets.<\/p>\n
LumenOptix has gained industry wide recognition for specification-grade, LED retrofit installations in retailers, hospitality groups, insurance companies, gas stations and more by providing an architecturally pleasing look while routinely saving their customers up to 90 percent in energy costs; virtually eliminating maintenance costs and improving light quality. LumenOptix LED retrofit products currently offer numerous product advantages, including tool-less, below the ceiling installation, glare-free visual comfort and high energy efficiency and lifetime. Return on investment studies consistently rate LumenOptix products as market leaders.<\/p>\n
Bob Burdalski will lead LumenOptix as CEO. Burdalski is one of the earliest pioneers in LED lighting and is a noted authority on lighting intellectual property, design and technology. Burdalski has designed numerous lighting products for some of the industry\u2019s most respected brands through his contract design and consulting firm, Bella Technologies Inc.<\/p>\n
\u201cI am tremendously excited for the opportunity to lead LumenOptix as we release our innovative products to the marketplace,\u201d Burdalski says. \u201cThe new LumenOptix realizes a nearly seamless mesh of products, talent, engineering, operations and sales structure to create a formidable lighting retrofit company. The injection of funds will help LumenOptix realize our vision of providing best-in-class value point and architectural retrofit products at competitive prices and with the highest quality. Our mission is to continue to offer products which attain excellent visual comfort that will seamlessly integrate with any smart building system. We believe that the lighting market currently presents an extraordinary opportunity for visionary, motivated companies like ours.\u201d<\/p>\n
The Provco Group is a Villanova, Pa.-based private equity firm specializing in technology companies in the biotech, health-care and alternative-energy sectors. The Provco Group was created by Richard Caruso who founded Integra LifeSciences Corp. and earned the Ernst & Young National Entrepreneur of the Year Award for the entire U.S. in 2006. Caruso comments: \u201cWe are pleased with the results of the merger and the opportunity to make an additional investment in LumenOptix. We believe the company is well-positioned in the ever-changing LED lighting marketplace.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
LumenOptix LLC, a manufacturer of specification grade LED retrofit products for downlights, and CeeLite Technologies LLC, a developer of large area light panels and linear LED retrofit products, have announced a strategic merger to form LumenOptix Inc., an innovator and manufacturer of LED lighting products in the commercial and industrial markets. LumenOptix also received a<\/p>\n","protected":false},"author":193,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"LumenOptix and CeeLite Technologies Merge to Form @LUMENOPTIX","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[202],"tags":[17995,164,82,3928,17996,17997,17998,17999],"ppma_author":[48882],"jetpack_publicize_connections":[],"yoast_head":"\n