Big Money for LEDs

Moresco, Justin
March 2008
Red Herring;3/17/2008, p5
Trade Publication
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.


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