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News

16 July 2007

 

Luminus relocates HQ and expands manufacturing operations

LED manufacturer Luminus Devices Inc has moved its headquarters to an expanded facility at the Technology Park business campus in Billerica, MA, USA housing its engineering, assembly and test operations, as well as its corporate offices.

This follows Luminus’ receipt, on 11 June, of a $2.5m development loan from the Massachusetts Development Finance Agency’s Emerging Technology Fund (ETF). The funds are allotted for capital and leasehold improvements and aim to help create new jobs over the next five years. The firm’s semiconductor foundry will remain its 30,000 square-foot manufacturing facility in Woburn, MA.

The new building will house Luminus’ expanding manufacturing operations to help meet increased demand for its PhlatLight (Photonic Lattice) LED-based solid-state light sources, and will accommodate its growing staff of scientists, engineers and manufacturing personnel. Luminus will initially use 45,000 square feet of the building.

“A larger facility for Luminus has been long overdue, with the growth of our company and the need to ramp up manufacturing capacity as we expand into new applications,” says CEO Udi Meirav. “The new facility will be essential as we enter our next phase of growth. We will continue to operate in Massachusetts and believe Billerica is an ideal environment for a rapidly expanding company like Luminus, thanks to excellent infrastructure and a fantastic workforce in and around our new hometown.”

Luminus was founded in 2002 by chief technology officer Alexei Erchak on the basis of research at Massachusetts Institute of Technology. The firm’s PhlatLight products have been adopted by consumer electronics manufacturers including Samsung Electronics (in its new line of Slim LED DLP TVs), LG Electronics (in a compact new pocket projector), and NuVision (projection TVs, in place of the hazardous mercury lamps found in traditional projection TVs). This, as well as its more recent expansion into new applications, has driven a stream of new personnel recruitments. Luminus has created 175 local jobs over the last four years and says it will continue to expand its workforce throughout the term of the development loan agreement, aiming to create a further 300 jobs. Further growth is expected to come from new applications including backlights for LCD TV, video projectors, avionics displays, and LED- based lighting systems.

See related items:

Luminus receives US patents for PhlatLight

LG launches Ultra Mobile Projector using Luminus' PhlatLight LED technology

Visit: http://www.luminus.com