Permlight, Inc., a Tustin, CA-based designer and manufacturer of high-powered LED light engines for use in signs and luminaires, has secured new financing of undisclosed amount.
The new capital will enable the company to expand and strengthen its financial position, and to execute its strategic plan focused on growth.
Commenting on the financing, Phil Frey, CEO of Permlight, said, “We look forward to working with a lender that has a reputation of enhancing shareholder value, and its belief in the prospects of Permlight and its brands.
“With the continuing growth in the LED market, Permlight has an unprecedented number of opportunities and we are excited about obtaining the financing to fully develop them.”
Permlight Products offers its LED designs through two brands, including:
– Brillia LED Light Engines, which provides customizable light engine solutions to the world’s leading brands and manufacturers of lighting fixtures
– Permlight for Signs, which develops LED systems for illuminated signs.
FinSMEs
09/09/2010