LBT attracts former Philips Lumileds Lighting CEO to its board of directors

Date Announced: 07 May 2012 Michael Holt’s experience and knowledge a great addition to the existing industry expertise at LBTVancouver, B.C. – Light-Based Technologies (LBT) today announced the appointment of Michael Holt, former Chief Executive Officer of Philips Lumileds Lighting, to its board of directors. “We are extremely pleased to have someone with the experience and industry knowledge of Mike Holt join our board of directors. Adding a board member with his LED industry background will clearly strengthen and compliment our already strong leadership team,” says Richard McKellar, Chairman at LBT.Mr. Holt was most recently the Chief Executive Officer and a Board Member of Philips Lumileds Lighting from its inception in November of 1999 until January 2012. Under his leadership, Lumileds established itself as an industry leader in all aspects of LED design, performance and quality.“It is exciting to once again be involved with an early stage, disruptive technology. I believe that intelligent control and increasing functionality will become important differentiators in the lighting industry and LBT has the vision and capability to enable its customers in this regard,” said Mike Holt.Mr. Holt has 28 years experience in the semiconductor industry across all key functional areas. He began his career in the Optoelec¬tronics Division at Hewlett-Packard after graduating with a BSME from Notre Dame University. About Light-Based Technologies (LBT)Light-Based Technologies (LBT) develops intelligent power and control electronics that enable and optimize Solid State Lighting. LBT’s proprietary LED Controller IC and firmware programmable platform address the immediate pains in the lighting industry, while unlocking the next generation of intelligent functionality. LBT brings a visionary approach to delivering the granular control necessary to provide personalized light. Specializing in high quality deep dimming, ultra- compatible configurability and complete spectral control, LBT represents the future of solid state lighting control technology.LBT is making its technology available to the market through its line of LED drivers and proprietary ICs. For more information on the company, please visit www.lightbased.com. LBT Products will be on display in LBT’s booth (#6051) and in several lighting OEM partner booths at Lightfair® International 2012 running May 9th to the 11th in Las Vegas.

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