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News

6 November 2007

 

LLF raises $16.5m to expand product line and accelerate R&D

LED Lighting Fixtures Inc (LLF) of Morrisville, NC, USA, which develops and markets LED-based light fixtures for general illumination, has raised $16.5m in an equity financing round led by Digital Power Capital LLC, a Wexford Capital fund.  LLF plans to use the proceeds to significantly expand its product line and accelerate R&D efforts.

“We are deeply impressed with the comprehensive intellectual property, in addition to the technology savvy and remarkably capable team at LLF,” says Digital Power Capital founding partner Mark Mills. 

LLF says that it is seeing strong demand for its product. The LR6 six-inch downlight incorporates patented technology and is designed for 50,000 hours of lifetime. Its color characteristics and high color rendering index (CRI) – sold in volume quantities in warm (2700K) and neutral (3500K) white versions – optimize energy savings in residential and commercial spaces, the firm says. 

“With the close of our financing round, we expect to launch new products early next year that will include a four-inch downlight as well as a recessed architectural lay-in fixture that will be suitable for commercial and office environments,” says LLF’s president Mike Rogers.    

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Visit: www.LLFinc.com