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Luminus Gets MassDev Loan

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WOBURN, Mass., June 11, 2007 -- Woburn, Mass., LED maker Luminus Devices Inc. announced today it has received a $2.5 million loan from the Massachusetts Development Finance Agency’s Emerging Technology Fund which the company said will create 300 jobs over five years. Luminus said it will use the funding to expand manufacturing of its PhlatLight LED technology. "The funds from MassDevelopment are allotted for capital and leasehold improvements and will help Luminus’s creation of many more new jobs in Massachusetts over the next five years," Luminus said in a statement. "New growth is expected to come from Luminus’s...Read full article

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    Published: June 2007
    Glossary
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    ConsumerEmerging Technology FundEmploymentETFindustrialIndustry EventsLuminus DevicesMassachusetts Development Finance AgencyNews & FeaturesPhlatLight LEDphotonicsLEDs

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