LumenOptix and CeeLite Technologies Announce Merger and Fund Raise
Merger of established LED retrofit manufacturers creates a business poised to quickly capture share of the commercial lighting market.
LumenOptix LLC, a pioneer in specification grade LED retrofit products for downlights, and CeeLite Technologies LLC, a leading developer of large area light panels and linear LED retrofit products, have announced a strategic merger to form LumenOptix Inc, an innovator and manufacturer of LED lighting products in the commercial and industrial markets.
LumenOptix also received a new round of funding by The Provco Group. The funding will allow for a significant increase in the Company’s capabilities in product development and operations and allow for the addition of a regional sales management group to support the Company’s independent agent salesforce throughout North America. LumenOptix instantly has a broader array of product lines and is expected to be highly competitive in the multi-billion-dollar commercial and industrial LED retrofit markets.
LumenOptix has gained industry wide recognition for specification-grade, LED retrofit installations in leading retailers, hospitality groups, insurance companies, gas stations and more by providing an architecturally pleasing look while routinely saving their customers up to 90% in energy costs; virtually eliminating maintenance costs and improving light quality. LumenOptix LED retrofit products currently offer numerous product advantages including tool-less, below the ceiling installation, glare-free visual comfort and the best energy efficiency and lifetime in the industry. Return on investment studies consistently rate LumenOptix products as market leaders.
Bob Burdalski will lead LumenOptix as Chief Executive Officer. Bob is one of the earliest pioneers in LED lighting and is a noted authority on lighting intellectual property, design and technology. Bob has designed numerous lighting products for some of the industry’s most respected brands through his contract design and consulting firm, Bella Technologies Inc.
“I am tremendously excited for the opportunity to lead LumenOptix as we release our innovative products to the marketplace,” Burdalski said. “The new LumenOptix realizes a nearly seamless mesh of products, talent, engineering, operations and sales structure to create a formidable lighting retrofit company. The injection of funds will help LumenOptix realize our vision of providing best-in-class value point and architectural retrofit products at competitive prices and with the highest quality. Our mission is to continue to offer products which attain excellent visual comfort that will seamlessly integrate with any smart building system. We believe that the lighting market currently presents an extraordinary opportunity for visionary, motivated companies like ours.”
The Provco Group is a Villanova, PA-based private equity firm specializing in technology companies in the biotech, healthcare and alternative energy sectors. The Provco Group was created by Dr. Richard Caruso who founded Integra LifeSciences Corporation and earned the Ernst & Young National Entrepreneur of the Year Award for the entire United States in 2006. Dr. Caruso commented, “We are pleased with the results of the merger and the opportunity to make an additional investment in LumenOptix. We believe the Company is well-positioned to become an industry leader in the ever changing LED lighting marketplace.”
LumenOptix is headquartered in Montgomeryville, PA, just north of Philadelphia.
About LumenOptix Inc
LumenOptix is a lighting technology pioneer and manufacturer of industry leading LED retrofit products for the commercial and industrial markets. LumenOptix delivers technological innovation to the marketplace by combining best-in-class product performance with striking industrial design and tool-less installation from below the ceiling. Product offerings include value and architectural grade options within each product category to realize significant gains in energy efficiency while also upgrading the aesthetics of any building. Founded in 2011, LumenOptix’ products are manufactured and assembled in the US with representation by a nationwide lighting agent network. To learn more, please visit www.lumenoptix.com.
Jill Willie, 504-432-6730