Company doubles growth in retrofit market, innovates sensory LED capabilities
LONGMONT, CO – TERRALUX, Inc., announced today the company is repositioning to drive innovation in the LED lighting retrofit marketplace and that it has sold it’s portable lighting division.
“A light is no longer simply a device that allows you to see in the dark,” said TERRALUX CEO Steve Hane. “We are developing LED technologies that are going beyond simple illumination. Our LEDSENSE technologies will enable a light fixture to monitor air quality in a room, detect room occupancy and provide information directly via smart phones. Technologies available in buildings today will pale in comparison to the capabilities of what will be emerging in the cloud lighting space.”
Over the last year, TERRALUX has doubled revenue in the general illumination category. Growth in 2015 is forecasted to be 250 percent. The company holds 26 patents and has 66 additional patents pending on LED technology.
As part of its repositioning, TERRALUX sold the portable division of the company in August 2014 for an undisclosed figure.
The company focus is on commercial lighting retrofit. Product installations have been completed at universities, hotels, multifamily properties and office buildings nationwide.
ABOUT TERRALUX Inc.
TERRALUX designs and manufactures innovative LED solutions. TERRALUX’s illumination-grade LED technology can be found in commercial, industrial, and medical applications. TERRALUX solutions are easy to install, highly reliable, and economical. For more information visit: terraluxillumination.com