LEDdynamics and ilumisys Announce Partnership
ilumisys, Inc. and parent company Altair Engineering enter into cooperative partnership agreement with LEDdynamics, Inc.
TROY, Mich. – Aug.1, 2011 – ilumisys, Inc. (http://www.ilumisys.com), developer and producer of next-generation solid-state lighting technology, announced today that it has partnered with LEDdynamics, Inc., based in Randolph, Vt. The partnership includes a license for Altair’s patents on light-emitting diode (LED) fluorescent tube replacements.
“LEDdynamics is an established industry leader in solid-state lighting, and we look forward to working together to address the growing market demand for LED lighting solutions,” said Dave Simon, president of ilumisys. “We are excited at the growth prospects for both organizations as ilumisys ramps up our Michigan-based manufacturing operations.”
“This partnership offers a unique opportunity for both LEDdynamics and ilumisys to expand U.S. manufacturing operations and leverage our combined engineering capabilities,” said Dr. William McGrath, president and CTO of LEDdynamics. “We have been committed to 100 percent U.S. manufacturing for over 10 years, and are excited to work with ilumisys going forward. We believe that this partnership will result in increased market share, and strengthen the ability of both companies to develop and manufacture the most innovative, high quality LED products and technologies available.”
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 more than 50 patent applications filed to date.
About LEDdynamics, Inc.
Founded in 2000, LEDdynamics is a full service engineering firm specializing in the development of LED products and technologies, as well as providing custom LED product design, prototyping, and manufacturing services. Headquartered in Randolph, Vermont, LEDdynamics, Inc. proudly manufactures the LuxDrive line of LED power management modules and intelligent control solutions, as well as the EverLED brand of LED replacement bulbs and fixtures.
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.
Altair empowers client innovation and decision-making through technology that optimizes the analysis, management and visualization of information. Privately held, with more than 1,300 employees, Altair has offices throughout North America, South America, Europe and Asia/Pacific. With a more than 25-year track record of profitable growth and innovation, Altair consistently delivers a competitive advantage to customers in a broad range of industries. To learn more, please visit www.altair.com.