Luminus Devices Wins SBANE 2008 Innovation Award
Source/Type: Compound Semiconductors Online - Company News Releases

May 9, 2008... Billerica, Massachusetts USA----Luminus Devices, Inc., the developer and manufacturer of PhlatLight (Photonic Lattice) LED products for a wide variety of display and illumination applications, today announced it has been named a winner of the 2008 Small Business Association of New England (SBANE) Innovation Awards. The award recognizes companies that have transformed their innovative ideas into a product or service that delivers proven value to its customers. Luminus was recognized for its PhlatLight LED technology, an innovative and efficient new way to maximize light emission from an LED.

Luminus Devices develops and manufactures the world's brightest LEDs in Billerica and Woburn Massachusetts. In addition to the display market where they have established a leadership position, they are rapidly expanding PhlatLight(R: 72.55, +1.67, +2.35%) LEDs into lighting applications.

This year, 165 companies were nominated for the 2008 SBANE Innovation Award and 15 semi-finalists were announced on April 4. The semi-finalist companies made final presentations before SBANE judges on April 8 and on Wednesday evening at the Westin Hotel in Waltham, Luminus Devices was selected as a winner.

"Luminus Devices' superior technology and growth profile made it one of the most compelling SBANE Innovation Award nominees this year and a most deserving winner," said Bob Baker, president SBANE. "In the months and year ahead it is obvious that Luminus has a business plan and strategy for impacting our local economy by providing a solid base of jobs while at the same time helping to revolutionize the solid state lighting industry on a global scale."

"Luminus Devices is honored that SBANE recognized our company as a 2008 Innovation Award winner," said Udi Meirav, CEO, Luminus Devices. "We are fortunate to be part of the New England business community and see the human capital of the greater Boston area as a source of pride and competitive advantage. Luminus's achievements would not have been possible anywhere else in the country."

Spun out of research conducted at MIT, the name PhlatLight is derived from its underlying photonic lattice structures, which are embedded in the LEDs to maximize the amount of light produced. The result is substantially more light produced in a narrower, collimated beam that is more easily collected and delivered and, by consequence, the brightest commercially available LED in the world.

About SBANE

Established in 1986, SBANE's New England Innovation Awards recognize companies that are not merely successful, but whose success is due to innovation and thought leadership. More than 100 companies have been presented with Innovation Awards since its inception, including Ben & Jerry's Homemade Inc., Genzyme Corporation, Nantucket Nectars and ECI Biotech.

About Luminus Devices

Luminus Devices, Inc. develops and manufactures high performance solid state light sources for a variety of illumination applications, including high definition TVs, video projectors, avionics displays, and lighting systems. Its patented PhlatLight(R: 72.55, +1.67, +2.35%) (Photonic Lattice) LED products are the brightest and most versatile solid-state light sources available today and are enabling innovative products and applications never before possible. Luminus Devices' headquarters and primary manufacturing facilities are located in Billerica, Massachusetts, U.S.A. For more information, visit www.luminus.com and www.phlatlight.com.

Note to editors: PhlatLight is a registered trademark of Luminus Devices.

SOURCE: Luminus Devices, Inc.

Luminus Media Contacts: Schwartz Communications Bill Keeler
or Nicole Slein, 781-684-0770

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