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Last $0.25 USD
Change Today +0.015 / 6.23%
Volume 6.3K
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

lighting science group corp (LSCG) Key Developments

Lighting Science Group Corporation Announces Board Changes

On March 24, 2015, the board of directors of Lighting Science Group Corporation increased the number of directors comprising the Board from eleven directors to twelve directors, appointed Samer Salty as a director of the company to fill the vacancy resulting from such increase, accepted the resignation of Warner Philips from the Board and appointed Dennis McGill as a director of the company to fill the vacancy resulting from Mr. Philips's resignation. Each of Messrs. Salty and McGill will serve on the Board until the next annual meeting of stockholders and until his successor is duly elected and qualified or until his earlier resignation or removal. As of the date of this report, the Board has not appointed Mr. Salty or Mr. McGill to serve on any committee of the Board. Samer Salty previously served on the Board from September 2012 to February 2014. Dennis McGill served as the company's Interim Chief Operating Officer from June 2014 to September 2014 and as the Company's Interim Chief Financial Officer from July 2014 to December 2014. Following his resignation, Mr. McGill joined Pegasus Capital Advisors, L.P. as an operating advisor.

Lighting ScienceGroup Corporation Appoints Pete Rumsey as Executive Vice President of Business Development

Lighting ScienceGroup Corporation announced appointment of Pete Rumsey as Executive Vice President of Business Development. Mr. Rumsey brings over two decades of proven commercial, marketing and operational experience to his new role. Reporting directly to Lighting Science CEO Ed Bednarcik, Pete will be working with the executive team to direct the company's commercial business development ventures and bring Lighting Sciences innovative LED product assortment to the forefront of the global commercial market.

Lighting Science Group Corporation Announces the Release of the New Sleepy Baby LED Lamp

Lighting Science Group Corporation announced the release of the new Sleepy Baby LED lamp. Building on the proprietary technology underlying popular Good Night lamp, the Sleepy Baby light delivers a patented, biologically-corrected light source for use during baby's nightly bedtime routine, sending natural signals to promote sleep and child wellness. Most traditional, indoor lighting provides far too much light, specifically the blue sky wavelength, at night and too little light during the day, which can prevent infants, and their parents, from getting a good night's rest. Placing the Sleepy Baby lamp next to baby's crib eliminates the blue light that signals the body to stay awake. With this specific blue light gone, infant's body begins producing melatonin 'a natural, much-needed hormone for sleep'. Using science and technology originally developed in collaboration with NASA to help regulate the sleep and wake cycles of astronauts on the International Space Station, this light enables child to regulate his or her circadian rhythm naturally and obtain a healthful night's rest.

Lighting Science Group Corporation and Global Good Announce Research Agreement to Develop Light-Based Alternatives to Pesticides

Lighting Science Group Corporation and Intellectual Ventures’ Global Good announced a research agreement to collaborate on the development of next-generation light technologies for pest control. Based on Global Good’s photonic fence invention and Lighting Science’s light-control technology, the joint development effort will focus on field-ready prototypes that offer an environmentally-responsible alternative to chemical pesticides. Lighting Science plans to leverage this development effort to create a new company to bring highly efficient and effective pest control products for health, commercial and residential use around the world. Combining low-cost sensors and laser technology with software to identify, track, and eliminate insects, the photonic fence device was first invented by Intellectual Ventures to address the spread of malaria in developing countries. In addition to its potential use for global health organizations fighting vector-borne diseases, the photonic fence technology also presents significant applications for agriculture. Under the research agreement, Global Good will license its photonic fence technology to Lighting Science to manage product development in both vector control for malaria and derivative inventions in agricultural systems, with a goal to commercialize for developing and developed world markets.

Lighting Science Group Launches Innovative Solar-Powered Led Street Lights

Lighting Science Group Corporation announced the introduction of the FreeLED solar roadway system to the global market. A sleek, intelligent and powerful street lighting solution using solar energy as its power source, FreeLED will provide a reliable, affordable and sustainable roadway illumination solution for the general public, including those rural or remote communities with limited access to the electric grid. Developed by the innovative engineering team at Lighting Science Group, the FreeLED high efficiency luminaire system has an integrated solar panel, battery pack, complete power management system and the self-learning capability to automatically adapt to its operating environment. It integrates high energy density, solar panels, compact battery cells, and a complete battery management system for quick and efficient installation. The system minimum 120 lm/W efficacy permits optimized energy utilization from the battery packs, which are designed for extensive operating time periods. In the first planned roll out of FreeLED, Lighting Science Group is partnering with BHP Energy Maxico in a large scale commercial installation of the solar roadway system in Mexico City. In its initial phase, 500 units of the FreeLED system will be installed. This project will bring clear, energy efficient LED light to the community, creating safer roadways and significantly lower lighting costs.


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