ilumisys, Inc., developer and producer of solid-state lighting technology, announced last week that it has granted a license for its LED fluorescent tube replacement patents to Light Emitting Designs of North Barrington, Ill.
“We are pleased to be engaged as a licensee with ilumisys and its parent company, Altair Engineering,” said Tim Taylor, CEO of Light Emitting Designs. “The market for LED tube retrofits is significant and pegged for huge growth in 2010 and 2011. We are pleased to have secured that future growth by being a licensed provider.”
The licensing agreement provides for royalty payments to be made on a per-unit basis in exchange for having rights to manufacture and sell products covered by Altair’s patent portfolio.
