Lamina CEO Leaving to Form New LED Venture
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Taylor Adair Announces Plans to Depart Company after New CEO is Hired
WESTAMPTON, NJ - April 11, 2006 - Lamina Ceramics, manufacturer of award-winning solid-state light sources, has announced that CEO Taylor Adair will be leaving the company this summer to found a new solid state lighting venture. The announcement was made jointly by Adair and company board chairman Greg Blonder. According to Blonder, "Taylor has informed Lamina's Board of Directors that he can no longer resist the urge to start his own solid state lighting company. While we are surprised by this decision, we appreciate the visionary leadership that he has provided the company over the past five years and we wish him much success with his new venture." Adair (age 47) will continue with the business until a successor is named.
According to Adair, "Lamina is extremely well positioned to continue providing the brightest and easiest to use solid state light sources. I continue to be excited and impressed by the people in this company and the quality of the work coming out of our labs and manufacturing facilities. My next venture will depend upon the performance and availability of Lamina's light sources, so my interests now and going forward are very much aligned with the company's. In fact, I look forward to becoming one of Lamina's biggest customers."
When asked what prompted this change, Adair replied, "The lighting industry is on the brink of a profound change. Today, solid state light sources are having the same effect on the lighting market that digital technology had on photography. There is an incredible amount of opportunity and no one company can do it all. Lamina is extremely well positioned to dominate the market for LED light sources that make enough light to be useful for illumination applications. At this point, I think that I can add the most value for all parties by becoming a Lamina customer and accelerating activity at that level by incorporating Lamina light sources into compelling new products."
Blonder added, "Under Taylor's leadership Lamina has established itself as the premier supplier of ultra-bright LED light sources. Our soon-to-be-announced new product releases will further extend our lead. We have retained a search firm and we are using our substantial contacts in the industry to recruit a new CEO for Lamina."
Adair joined Lamina as CEO and first employee at the company's inception in 2001. He led the company through the initial commercialization of its core packaging technology and in 2003 was the catalyst for Lamina's transition into the lighting industry. Prior to Lamina, Adair was the CEO of EMC Technology, Inc., a manufacturer of RF components. Under his leadership, EMC enjoyed significant growth in sales and profitability and changed ownership twice prior to Adair's departure in 2001 to join Lamina. Adair holds a B.S. Computer Science from Villanova University and an MBA from the Wharton School of the University of Pennsylvania. Along with his wife and two children, Adair resides in Moorestown, New Jersey.
About Lamina Ceramics, Inc.
Founded in 2001, Lamina Ceramics defines the state of technology in the development and manufacture of super-bright LED light engines. Lamina's LED packaging technology and design with its proprietary multi-layer ceramic on metal and polymer on metal packaging provides unsurpassed thermal management and interconnectivity. Lamina's ceramic technology was twelve years in development by Sarnoff Corporation.
Lamina Ceramics is headquartered in Westampton, New Jersey, USA, (between Princeton and Philadelphia) and occupies a 50,000-square-foot state-of-the-art, automated manufacturing facility. The Lamina team consists of industry-seasoned engineering and production personnel dedicated to designing and building long-lasting LED light engines to exacting specifications. Lamina is supported by an industry leading global sales and distribution network. Its investors include Morgenthaler Ventures, SpaceVest, Granite Global Ventures and CID Capital. For more information contact:
LaminaCeramics.com/
Contact:
Bill Wolfson
614-851-6748
bWolfson@LandauPR.com
John Ekis
609-265-6828
jekis@LaminaCeramics.com/
