Halifax based LED Roadway Lighting Ltd., a private company , has acquired the innovative intellectual property of Streetlight Intelligence Inc. of Victoria, B.C.
According to Ken Cartmill, LED Roadway’s vice-president of business and product development, said in an interview , the acquisition of Streetlight’s wireless light management technology gives the company the ability to offer customers a full package that includes lights, lighting controls and energy monitoring systems.
Cartmill wouldn’t disclose what LED Roadway paid for the Streetlight assets it acquired in a receivership sale. But he said the company, plans to maintain a presence in Victoria and will retain key Streetlight employees laid off earlier this year when the B.C. business suspended operations.
LED Roadway is responsible for almost all of the municipal conversions to LED lighting in Nova Scotia, said Cartmill. LED Roadway currently provides lighting to more than 300 municipal, utility and commercial customers in 24 countries.
He said the real opportunity for the company — and its new ability to offer customers a complete lighting and control package — is in the global marketplace. “Establishing a foothold outside the province is a key to (our) growth,” he said.
Company president Charles Cartmill said LED Roadway’s new integrated capability will improve energy efficiency and help reduce street lighting costs, which represent more that half of municipal energy budgets in some North American jurisdictions.
The province has invested about $10 million in LED Roadway, which recently signed a deal with Sony to do some manufacturing in Wales and has a U.S. partner in South Carolina.
