UL Expands Capabilities in Global Lighting Technology Market with Acquisition of Lighting Sciences, Inc. |
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Underwriters Laboratories, Inc. (UL)
333-T Pfingsten Rd.
Northbrook, IL, 60062
USA
Press release date: March 2, 2011
UL Proactively Developing Light Testing Capabilities to Meet the Ever-Growing Demand for Independent Photometric Testing Services in the Lighting Industry
NORTHBROOK, Ill., March 2, 2011 - UL, a world leader in advancing safety, announced today that it has acquired Lighting Sciences, Inc. (LSI), a leading provider of photometric testing services, test equipment, and advisory services in support of the growing Solid State Lighting (SSL) market. LSI will become part of UL's Verification Services business, which provides performance testing, inspection and auditing for product manufacturers and retailers worldwide.
"This acquisition allows us to further extend our global safety mission and better serve companies in the rapidly expanding Solid State Lighting markets," said Keith Williams, president and CEO of UL. "The lighting industry is undergoing a technology transformation. Global regulators are placing a much greater focus on the need to develop safe and energy efficient lighting products like LED. Combining the technical expertise and market positions of UL and LSI will allow the lighting industry to come to a single organization for testing and certification of their products to the applicable safety and energy efficiency standards."
An innovator, UL is proactively developing its capabilities in photometric testing to be prepared for and drive the transformational shift to SSL (LED) technologies. LSI will help bolster UL's already strong position as the leader in this growing market by increasing UL's photometric testing capacity.
"This acquisition gives LSI the opportunity to be part of an organization with global reach, technical knowledge and brand reputation," said Ian Lewin, President of LSI. "UL and LSI have a long-standing relationship providing complementary services to customers. This acquisition strengthens our value proposition to our customer base and allows us to expand offerings on a much broader scale."
The addition of LSI enables UL to further expand its capacity and capabilities in energy efficiency and ENERGY STARŪ testing. Additionally, this acquisition provides UL with new and important ways to serve the global lighting marketplace through test equipment and advisory services.
Financial terms of the acquisition have not been disclosed.
Additional information about UL can be found at UL.com/lighting.
About UL UL is a premier global safety science company with more than 100 years of history. Employing more than 7,000 professionals in over 100 countries, UL has five distinct business units - Product Safety, Environment, Life & Health, Verification Services and University - to the meet the expanding needs of our clients and to deliver on our public safety mission.
About Lighting Sciences, Inc. LSI is an innovative technology company offering photometric testing, illumination optics design, research and development, lighting test equipment and lighting test software systems. Sophisticated test equipment enables LSI's diverse client base to enjoy the fastest and most comprehensive independent testing services available. Whether its clients require equipment to build a lighting laboratory, or accurate independent testing services, LSI has earned a globally-recognized record of "Excellence in Photometrics."
SOURCE UL
CONTACT: Joe Hirschmugl of Underwriters Laboratories, +1-847-664-1508, joseph.f.hirschmugl@us.ul.com
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