MORRISVILLE, NC– LED Lighting Fixtures, Inc. (LLF), which develops and markets the first and only viable light fixtures for general illumination from LED light sources, has raised $16.5 million in an equity financing round.
Digital Power Capital LLC, a Wexford Capital fund, led the round. LLF plans to use the proceeds to significantly expand its product line and accelerate research and development efforts.
Mark Mills, founding partner of Digital Power Capital, said, “We are impressed with the comprehensive intellectual property, in addition to the technology savvy and remarkably capable team at LLF.
“Our fund is interested in companies that are leaders of change for power conversion in the 21st century, especially where emerging technologies provide both efficiency and inherently superior qualities. LLF is clearly at the epicenter of this transformation and will likely change the lighting industry.”
Mike Rogers, LLF’s president said, “With the close of our financing round, we expect to launch new products early next year that will include a four-inch downlight as well as a recessed architectural lay-in fixture that will be suitable for commercial and office environments.”
The LR6 six-inch downlight incorporates LLF’s patented technology, contains no toxic mercury and is designed for 50,000 hours of lifetime.
On the Web: www.llfinc.com
Southeast Venture Conference, February 29 – March 1, 2012 at the Ritz Carlton in Tysons Corner, VA – Where Smart Money Meets Smart People.
www.seventure.org
© 2007, TechJournal South. All rights reserved.



