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Nexxus Lighting And Philips Settle Patent Litigation



             Nexxus Lighting And Philips Settle Patent Litigation

PR Newswire

CHARLOTTE, N.C., Sept. 25, 2012

CHARLOTTE, N.C., Sept. 25, 2012 /PRNewswire/ -- Nexxus Lighting, Inc. (NASDAQ:
NEXS), a market leading manufacturer of LED light bulbs and lighting systems,
today announced a settlement agreement ending the pending patent litigation
brought by Royal Philips Electronics (NYSE:PHG, AEX: PHI), a world leader in
LED lighting technology.

In connection with the settlement and patent license agreement:

  o Philips will grant Nexxus Lighting an ongoing, royalty-bearing license to
    the comprehensive portfolio of patented LED technologies and solutions
    offered under Philips' LED luminaire and retrofit bulb licensing program.
    The license allows Nexxus to continue the manufacture and sale of
    LED-based lighting products, including the Array® brand of LED replacement
    light bulbs.
  o Nexxus will also pay Philips a one-time, lump-sum royalty fee to address
    past sales.
  o Both parties will dismiss the lawsuit Philips initiated and presently
    pending in Massachusetts federal court.

"The opportunity for creating, developing and selling creative new LED
lighting systems is expanding rapidly and we believe that combining access to
the Philips portfolio of intellectual property with our own patented
technology will give Nexxus Lighting a tremendous platform from which to
penetrate the growing lighting market," stated Mike Bauer, President and CEO
of Nexxus Lighting.  "We are pleased we could come to mutually agreeable terms
and can now refocus our business on the large growth opportunities we see for
LED lighting." 

About Nexxus Lighting, Inc.

Nexxus is a leader in high performance LED replacement light bulbs and LED
linear lighting solutions sold under its Array® Lighting and Lumificient
product lines.  The company holds 43 issued U.S. and foreign patents and has
30 patent applications pending.  Nexxus is committed to leading edge design
and introducing LED products that set the standard in the industry in terms of
performance and reliability.
For more information, please visit the new Nexxus Lighting web site at
www.nexxuslighting.com.

All other trademarks mentioned are the property of their respective owners.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: Statements in this press release regarding Royal Philips Electronics or
Nexxus Lighting, Inc.  businesses that are not historical facts are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Readers are cautioned that these statements
involve risks and uncertainties, are only predictions and may differ
materially from actual future events and results. For a discussion of such
risks and uncertainties, see "Risk Factors" in the companies' Annual Reports
on Form 10-K for the twelve months ended December 31, 2011, and most recent
Form 10-Qs,each as filed with the Securities and Exchange Commission.

SOURCE Nexxus Lighting, Inc.

Website: http://www.nexxuslighting.com
Contact: Gary Langford, Chief Financial Officer, Nexxus Lighting, Inc.,
+1-704-405-0416, glangford@nexxuslighting.com
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