LED Industry News: Lumenpulse, Labsphere, Stellarnet
16 Aug 2011Lumenpulse has completed a new round of equity financing, Labsphere is collaborating with a Chinese test center, and Stellarnet is celebrating its 20th anniversary. Plus news from Illumitex, Mouser and Digi-key.
Lumenpulse wins funding
Lumenpulse Inc., a manufacturer of architectural LED-based lighting products, has completed a $16 million Series A equity and debt round. The funding will be used to support the company’s growth and to extend its market and product development.
The investment came from a select group of private investors and includes participation from the company’s management and board of directors. In addition, the financing includes a new term loan and working capital line of credit from Silicon Valley Bank (SVB).
“This financing allows us to invest in international market expansion ahead of plan, to further enhance our product development capabilities and to ensure our manufacturing strategies and capacity are solidly in place to meet the accelerating demand for our products," said François-Xavier Souvay, the company’s president and CEO.
Labsphere collaborates with Chinese test center
Test and measurement specialist Labsphere, Inc. has signed a cooperation agreement with National Lighting Test Centre in Shanghai, China. The organization’s National Luminaries Quality Supervision Testing Centre is the first professional international laboratory for lighting equipment in China.
Labsphere has supplied the center with its Thermal/Optical/Electrical LED Measurement Systems (TOCS), to which the center will apply its patented technology to correlate voltage drop with junction temperature. Additionally, the companies have agreed to actively share information pertaining to developing lighting trends and to cooperate in the launch of academic communications and activities.
Stellarnet celebrates, adds distributor
Tampa, FL-based StellarNet, Inc. has celebrated a milestone of 20 years in the spectroscopy industry, and has also added Titan Electro-Optics as its distributor in China, with offices in Beijing, Shenzhen, and Shanghai.
“Over the past two decades StellarNet has strived to provide low-cost, yet research grade instrumentation,” says company President and Chief Scientist Will Pierce. “We look forward to the future with more exciting products being developed to meet the demands of today’s applications, and securing additional distribution.”
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