TITLE

Big Money for LEDs

AUTHOR(S)
Moresco, Justin
PUB. DATE
March 2008
SOURCE
Red Herring;3/17/2008, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on an announcement by Luminus Devices, a Billerica, Massachusetts-based light-emitting diode (LED) manufacturer, that it closed a $72 million round of financing and that it will use the capital to expand into new lighting markets. The company traditionally focused on light sources for the television (TV) and display industry. Freedonia predicts the U.S. market for LED in buildings will rise 21 percent annually to $130 million in total sales by 2011.
ACCESSION #
36876180

 

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