ilumisys issues patent license to LED Global Supply for LED fluorescent tube replacements
Date Announced: 20 Jun 2012
LED Global Supply (http://www.ledglobalsupply.com), a global distributor of LED lighting solutions based in Westlake Village, California, announced today that is has been granted a license for light-emitting diode (LED) fluorescent tube replacements by ilumisys, Inc.(http://www.ilumisys.com), developer and producer of next-generation solid-state lighting technology.
The ilumisys licensing program allows LED Global Supply to provide LED lighting products to the market at a competitive price. The licensing agreement provides for royalty payments in exchange for rights to manufacture and sell products covered by the patent portfolio of ilumisys’ parent company, Altair Engineering.
"We provide outstanding value to our customers by our careful product selection, competitive pricing and the development of critical industry relationships,” said Michael Paganelli, founder and president of LED Global Supply. “By forming this partnership with ilumisys, LED Global Supply will further ensure the delivery of quality products to our customers and promote a higher standard of quality throughout the industry."
With more than 10 years in the LED marketplace, LED Global Supply is one of the nation's leading distributors of LED lighting, including LED light bulbs, dimmable LED light bulbs and accessories.
“By providing licensees access to our patent portfolio, we can help ensure that a variety of products enter the market and continue to increase the vitality of our industry,” said Dave Simon, president of ilumisys. “The LED industry has been growing rapidly over the past few years and we have great confidence that it will continue to accelerate as the demand for advanced solid-state lighting increases.”
Solid-state lighting technology has the potential to cut U.S. lighting energy usage by one-quarter and contribute significantly to the nation’s climate-change solution, according to the U.S. Department of Energy (DOE). According to a recent report from the DOE, it is estimated that switching to LED lighting over the next two decades could save the country $250 billion in energy costs over that period, reduce the electricity consumption for lighting by nearly one half, and avoid 1.8 billion metric tons of carbon emission
ilumisys, formed in 2007, is a spinoff of Altair, a global software and technology company that has a growing presence in the energy market. With the backing of Altair, its majority owner, ilumisys has a deep and substantial investment in research and development that includes nine issued patents and more that 70 filings to date.
ilumisys, Inc. is a Troy, Mich.-based company focused on next-generation solid-state lighting technology. The company was formed in 2007 as a spinoff venture and wholly owned subsidiary of Altair Engineering, Inc. Products are derived from Altair's intellectual property for the direct replacement of fluorescent light tubes with light-emitting diode (LED) lamps and direct replacement of incandescent lamps. For more information, please visit www.ilumisys.com.
About LED Global Supply
LED Global Supply is the trusted resource for LED lighting solutions backing their products and supporting their customers with LED Global Supply’s industry leading 5 year warranty and 30 day risk free guarantee giving their clients the assurance of purchasing the appropriate LED lighting product for the right project. LED Global Supply is a global distributor of LED lighting solutions including: dimmable and non-dimmable LED light bulbs, LED T8 bulbs, A19 LED ball bulbs, PAR38 bulbs, PAR30 LED bulbs, PAR20 LED bulbs, GU10 LED bulbs, MR16 LED bulbs and ribbon flex led lighting and accessories. The owners and management of LED Global Supply have been serving the LED market places for over 10 years and take pride in sourcing the highest quality and best priced LED products for their customers. LED Global Supply stresses operational efficiency to reduce their overhead in order to pass the savings on to their customers and also maintains a local stocking inventory to ensure cost effective and efficient delivery. For more information, please visit www.ledglobalsupply.com.
LED Global Supply
Web Site: www.ledglobalsupply.com