FOR IMMEDIATE RELEASE
Media Contact:
Kelly Bousman
LumaStream, Inc.
727-827-2805
kelly.bousman@lumastream.com
www.lumastream.com
LumaStream Ramps Up To Meet Accelerating Demand
For Its Low-Voltage LED Lighting Systems
$10M Series B Launch Fuels Growth
St. Petersburg, FL (February 18, 2014) – LumaStream, the leader in end-to-end low-voltage systems for
LED lighting, today announces the close of $10M as its first Series B Preferred Equity tranche. The
funding will significantly expand LumaStream’s capacity to fulfill orders from a growing number of
hospitality and multi-site retail customers who are realizing the significant benefits of LumaStream’s
unique approach to LED lighting. LED is the fastest growing technology for general lighting in commercial
buildings. LumaStream increases funding now to maintain its technological lead and continue to capture
LED lighting market share.
LumaStream offers the only holistic approach to low-voltage power distribution for LED lighting. Unlike
other LED companies, LumaStream’s patented system uses speaker wire to carry low-voltage power to
LED fixtures. The same wire also fully controls and dims the LEDs, eliminating the need for secondary
control wiring. Remote drivers centrally convert AC power to low-voltage DC power using proprietary
digital algorithms that achieve clean power runs up to 200 ft. away, like a stereo amplifier and speakers.
“LumaStream is in the right market, at the right time, with the right technology and distribution model,”
said Eric Higgs, CEO of LumaStream. “We’re built to scale and are thrilled by the response from the
market, particularly the restaurant chains that are rapidly deploying our systems across the country.”
LumaStream’s most recent infusion of capital includes a Toronto, ON based investment group with ties to
both the lighting industry and home building market. With this, LumaStream welcomes a new board
member, Jonathan Webster, and two new advisors, W. Geoffrey Beattie and Anthony Caldarone.
“This initial $10 million round accelerates LumaStream's growth,” added Eric Higgs. “When we close the
final $3 million of our Series B it will fuel further research and development, rapid prototyping capacity,
and international expansion, all of which extend the gap between our lead position and other LED lighting
technologies.”
Significant advantages over conventional lighting and line voltage LED installations make LumaStream
solutions particularly compelling to companies seeking high quality lighting that also saves money through
reduced energy consumption, reduced electrical infrastructure, reduced installation labor, and no
maintenance cost. Compared to other LED lighting systems, LumaStream is the only solution to achieve
such high efficiency coupled with seamless lighting control. Well-tuned LED lighting can save up to 28%
electrical consumption in commercial buildings where nearly a third of power usage goes to lighting.
LumaStream, Inc.
2201 1st Avenue S., St. Petersburg, FL 33712
www.lumastream.com
Hospitality, restaurant and retail sectors lead new commercial construction growth in the U.S. In 2012,
construction spending on restaurants rebounded 30% according to the U.S. Department of Commerce.
Hospitality and retail sectors also saw double-digit construction growth. With changes in commercial
building codes regarding energy efficiency, like California’s widely adopted Title 24, LED for general
lighting is growing dramatically. These markets also require high quality lighting with superior dimming
capabilities and control to provide optimum dining, shopping and lodging environments for their guests.
LumaStream is the only system that combines the efficiency of LED lighting with deep, flicker-free
dimming control required for these demanding applications.
LumaStream recently moved to a new location in downtown St. Petersburg, Florida, more than tripling its
capacity, adding new resources to support its rapid-prototyping model, and hiring additional staff.
Additionally, LumaStream will soon move the production of its core power driver technology from
Waterloo, Canada to St. Petersburg partnering with local contract manufacturers.
LED is the future of lighting, forecasted to surpass all other lighting technologies by 2016. Low-voltage
power distribution is the future of LED lighting. With these recent moves, LumaStream is solidly
positioned to capture market share and be a driving force in the changing general lighting market.
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About LumaStream
LumaStream makes low-voltage LED lighting solutions that are truly efficient and highly controllable. We
offer our unique, patented, digital power conversion platform paired with well-designed luminaires and
open source control protocol to commercial, institutional, residential, retail, and hospitality markets. We’re
a fast-growing, creative company developing efficient systems with unprecedented results for energy
savings, long-distance low-voltage power distribution, and smooth, continual dimming control to less than
1%. Our solutions are solid and our results compelling. We create a better lighting environment for our
clients, and together we create a better environment for all. LumaStream is headquartered in St.
Petersburg, FL. Please visit www.lumastream.com.
LumaStream, Inc.
2201 1st Avenue S., St. Petersburg, FL 33712
www.lumastream.com