SOURCE: Luminus Devices, Inc.
March 05, 2008 09:00 ET
Luminus Devices Adds Distribution Partner Toyota Tsusho
Pact Furthers Presence of PhlatLight® LED Products to Display Manufacturers in Asia and Mexico
BILLERICA, MA--(Marketwire - March 5, 2008) - Luminus Devices, Inc. today announced that it
has signed a distribution agreement with Toyota Tsusho America, Inc. (TAI),
a wholly owned subsidiary of Toyota Tsusho Corporation, a worldwide trading
company of which one of its core businesses is electronics distribution.
Under the agreement, TAI will distribute Luminus' PhlatLight® products
and provide technical support for Luminus' television and projector
customers in China, Taiwan, Korea, and Mexico.
"Toyota Tsusho has a strong sales and technical support team and they are
highly regarded by our display customers," said Udi Meirav, CEO of Luminus
Devices, Inc. "And most importantly, through their logistics excellence and
infrastructure, TAI will allow us to better serve our display customers and
respond quickly to their needs."
"Luminus' PhlatLight products are the brightest LEDs in the world and are
uniquely suitable as a light source for large-screen TV and digital
projection systems," said Michael Handerhan, general manager of TAI's
Electronics Materials, Chemical and Plastics Division. "There are a number
of companies in Asia that are interested in Luminus' edge-lit backlighting
approach. We are delighted to have this opportunity to work with Luminus
and to support its customers."
PhlatLight technology is currently used in products from some of the
world's leading consumer electronics manufacturers, including Samsung
Electronics and LG Electronics. Considerably larger and brighter than
conventional high-brightness LEDs, PhlatLight LEDs are already proven
replacements for high-intensity lamps, offering more brilliant color and
longer lifetimes in projection televisions and projectors.
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® (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.
About Toyota Tsusho America, Inc.
TAI is a subsidiary of Toyota Tsusho Corporation, the seventh largest
trading company in the world with net sales exceeding $6 billion and
employing over 20,000. TAI has emerged in the US market as a
multi-business entity with expanded capabilities, fresh ideas, and a
greatly broadened experience base. TAI's seven operating divisions (Metals,
Machinery & Electronics, Chemicals, Logistics, Automotive, Food, and
Consumer products) pursue a broad range of activities which combine
international trading functions with domestic source and supply activities,
supply chain and logistics services, and processing and manufacturing
functions in both the industrial and consumer sectors. For more
information, visit http://www.taiamerica.com/.
Note to editors: PhlatLight is a registered trademark of Luminus Devices,