"Lumificient and its founder Zdenko Grajcar bring a whole new level of intellectual property, research and development capabilities and cutting edge technology to Nexxus Lighting," stated Mike Bauer, president and CEO of Nexxus Lighting. "Zdenko is one of the most respected and knowledgeable minds working in solid-state lighting. He and his team have developed some very exciting new technology that Nexxus plans to commercialise in 2008, which is expected to provide both new products and potential licensing revenue streams.
"Grajcar will serve as chief technology officer for Nexxus Lighting and oversee our R&D team. Under Mr. Grajcar's R&D leadership, we plan to accelerate product introductions, and expect to see new and exciting technologies emerge from our efforts. Lumificient has two issued patents, six patent applications filed and pending, and additional patent applications in development," continued Bauer.
"In keeping with our strategy, Lumificient is expected to operate as a Nexxus Lighting company, and Carey Burkett, is expected to continue in his role as general manager for the business, with a focus on growth in both sign lighting and general illumination."
(Jim Evans)
