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.
Montgomeryville, PA (February 16, 2016) – 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.
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