Nexxus Lighting Develops LED Distributor Partnerships with PolyBrite

Nexxus Lighting Inc. has announced to sign a distributor agreement with PolyBrite International, a Goeken Group Corp. subsidiary, which develops LED lighting systems using a proprietary technology.

Under the agreement, Nexxus will begin offering PolyBrite’s Borealis LED products to its customers. Terms were not disclosed.

“By partnering with PolyBrite, we quickly and efficiently added a full assortment of complementary bulbs and new luminaires with new technology that is clearly differentiated,” says Mike Bauer, president and chief executive of Nexxus.

The move is part of a larger strategy by Nexxus to boost growth and generate profit after struggling with sliding revenue and quarterly losses. In August, it received noncompliance notice from the NASDAQ stock exchange for failing to file financial reports on time. Preliminary results for the second quarter show a net loss of $2.4 million, or 15 cents per share, on revenue of $1 million. The company was recently helped by a $6 million investment from an affiliate of Aston Capital, which brought new directors to the board.

Robert LaPenta, Aston founder and chairman of Nexxus’ board, disclosed that Nexxus will continue to explore other strategic initiatives, including joint development, international sourcing and acquisitions in order to maximize growth opportunities and minimize costs.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Speed and precision for home appliances, mobile robots, autofocus for cameras, building automation, inventory management systems, security systems, and virtual barriers Accurate, low-power measurements with rapid response times for superior re... READ MORE

Improved LED performance and the broadest color range provide even greater design flexibility DURHAM, NC – August 1, 2024 –– Cree LED, an SGH company (Nasdaq: SGH), announced today the launch of its higher performance XLamp&r... READ MORE