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Bridgelux and Toshiba Announce Agreement for Strengthened LED Business and Technology Collaboration



  Bridgelux and Toshiba Announce Agreement for Strengthened LED Business and
  Technology Collaboration

 Companies Enter Into Agreement for Sale of GaN-On-Silicon Technology / Chip
     related Assets to Toshiba, with Expanded Licensing and Manufacturing
                                Collaboration

Business Wire

LIVERMORE, Calif. & TOKYO -- April 22, 2013

Bridgelux Inc., a leading developer and manufacturer of LED lighting
technologies and solutions, and Toshiba Corporation (TOKYO:6502), a
world-leading electric manufacturer, today announced that they have entered
into an agreement under which Bridgelux will sell to Toshiba its
industry-leading GaN-on-Silicon technology and related assets, and the
companies will strengthen and extend their strategic technology collaboration,
through an expanded licensing and manufacturing relationship.

In January, 2012, Bridgelux and Toshiba entered into a Joint Development and
Collaboration Agreement for the development of GaN-on-Silicon LED
technologies. The success of that relationship was demonstrated by Toshiba's
announcements of the achievement of world class performance for 8"
GaN-on-Silicon LED wafers and mass production of white LEDs. Both of these
milestones were achieved using Bridgelux's crystal growth and LED device
technologies as well as Toshiba's advanced silicon processes and manufacturing
technologies.

The enhanced strategic relationship announced today provides for a new
business opportunity through the expanded collaboration for next generation
LED chips and packages or platform based on the jointly developed
GaN-on-Silicon technology, as well as a manufacturing arrangement securing
Bridgelux a source of supply for GaN-on-Silicon-based LED chips.

"Our agreement with Toshiba marks a tremendous milestone in our long history
of working closely together, allowing Bridgelux to capitalize on our strong
core LED technology platform, providing us with significant new capital for
growth, and reducing our capital spend," said Brad Bullington, Chief Executive
Officer of Bridgelux. "This agreement also allows us to focus on what we do
best, and what we think the market needs most at this point in time:
commercializing, productizing and bringing to market LED-based solid state
lighting technologies alongside a proven global scale semiconductor
manufacturing partner. We are one step closer to becoming the world's leading
solid-state lighting technology architecture company."

"We are so excited with this deal that gaining GaNSi technology and related
assets will contribute to drastically strengthening our LED business and bring
us with wide range of high performance and competitive products line-up. We
fully expect our new Livermore team to play a leading role within Toshiba in
the development and rapid market penetration of GaN-on-Silicon LED chips."
said Makoto Hideshima, Executive Vice President of Semiconductor and Storage
Products Company, Corporate Vice President of Toshiba. "Entering a new phase
of relationship with Bridgelux, we will be able to accelerate the scaled
manufacturing of 8" GaN-on-Silicon LED wafers, which will position both
companies for strong growth in respective LED businesses. GaN on Si technology
that we acquire will also bring us a breakthrough for Power Devices
development and production."

The GaN-on-Silicon assets included in the sale, and the related Bridgelux
employees, will remain onsite at Bridgelux's headquarters in Livermore after
the transaction closes to assure continued technical and business
collaboration between the companies.

About Bridgelux

Bridgelux is a leading manufacturer of lighting technologies and solutions,
transforming the $40 billion global lighting industry into a $100 billion
market opportunity. Based in Livermore, California, Bridgelux has been a
pioneer in solid-state lighting (SSL) for the past decade, driving its LED
materials technology development with the goal of delivering the most cost
effective and highest quality lighting solutions. For more information on
Bridgelux, please visit:www.bridgelux.com.

About Toshiba

Toshiba is a world-leading diversified manufacturer, solutions provider and
marketer of advanced electronic and electrical products and systems. Toshiba
Group brings innovation and imagination to a wide range of businesses: digital
products, including LCD TVs, notebook PCs, retail solutions and MFPs;
electronic devices, including semiconductors, storage products and materials;
industrial and social infrastructure systems, including power generation
systems, smart community solutions, medical systems and escalators &
elevators; and home appliances.

Toshiba was founded in 1875, and today operates a global network of more than
550 consolidated companies, with 202,000 employees worldwide and annual sales
surpassing 6.1 trillion yen (US$74 billion). Visit Toshiba's web site at
www.toshiba.co.jp/index.htm

Bridgelux and the Bridgelux stylized logo design are registered trademarks of
Bridgelux, Inc. All other trademarks are the property of their respective
owners.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20130422006955/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50615799&lang=en

Contact:

Bridgelux Inc.
Julie Still, 925.583.8650
Corporate Communications and Government Affairs
juliestill@Bridgelux.com
or
Toshiba Corporation
Atsushi Ido / Toru Ohara, +81.33457.2105
Corporate Communication Office
atsushi.ido@toshiba.co.jp
tooru.oohara@toshiba.co.jp
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