Seesmart LED Receives Intellectual Property License for LED Fluorescent Tube Replacements in Partnering Deal With ilumisys

ilumisys, Inc. and parent company Altair Engineering grant patent license in effort to advance LED marketplace through cooperative partnership agreement

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ilumisys, Inc.

Mar 23, 2010, 11:11 ET

TROY, Mich., March 23 /PRNewswire/ -- ilumisys, Inc. (http://www.ilumisys.com), developer and producer of next-generation solid-state lighting technology, announced today that it has partnered with Seesmart LED, a commercial LED lighting leader based in Simi Valley, Calif., and that the cooperative agreement includes a license for ilumisys' patents on light-emitting diode (LED) fluorescent tube replacements.

"Partnering with ilumisys gives us added ability to offer the very best of LED lighting technology to our customers," said Raymond Sjolseth, president of Seesmart LED. "Our mutual commitment to quality and ability to accommodate existing infrastructure will enable Seesmart LED and ilumisys to be at the center of the dynamic and rapidly growing LED industry."

The licensing agreement provides for royalty payments in exchange for rights to manufacture and sell products covered by Altair's patent portfolio.

"We are pleased to have Seesmart LED as a valued business partner offering quality, dependable and efficient LED light products at a variety of pricing value points," said Dave Simon, president of ilumisys. "ilumisys continues to focus on manufacturing and expansion efforts that will enable us to meet the increasing demand for LED lighting, and we sincerely look forward to helping the growth of Seesmart LED."

ilumisys, formed in 2007, is a spinoff of Altair, a global software and technology company that has a growing presence in the energy market. With the backing of Altair, its majority owner, ilumisys has a deep and substantial investment in research and development that includes more than 30 patent applications filed to date.

About Seesmart LED

Seesmart® LED is a complete LED lighting solutions company with decades of experience in product development, manufacturing, production and research and development. Seesmart offers a broad product line to meet most commercial or residential need and delivers rapid ROI, high-quality products backed by up to a five-year warranty, immediate energy savings, and true retrofit solutions. For more information, please visit www.seesmartled.com.

About ilumisys

ilumisys, Inc. is a Troy, Mich.-based company focused on next-generation solid-state lighting technology. The company was formed in 2007 as a spinoff venture and wholly owned subsidiary of Altair Engineering, Inc. Products are derived from Altair's intellectual property for the direct replacement of fluorescent light tubes with light-emitting diode (LED) lamps and direct replacement of incandescent lamps. For more information, please visit www.ilumisys.com.

About Altair

Altair empowers client innovation and decision-making through technology that optimizes the analysis, management and visualization of information. Privately held, with more than 1,300 employees, Altair has offices throughout North America, South America, Europe and Asia/Pacific. With a 25-year track record of profitable growth and innovation, Altair consistently delivers a competitive advantage to customers in a broad range of industries. To learn more, please visit www.altair.com.