|
TIR ANNOUNCES MARKETING PARTNERSHIP WITH LUMILEDS LLC
- TIR TO MARKET LUMILEDS CHIP STRIP PRODUCTS
Vancouver, Canada - TIR Systems Ltd., a leading specialty lighting technology company, announces a marketing partnership with Lumileds LLC for the marketing and sales support of Lumileds Chip Strip product line.
The new marketing partnership combines TIRs experience in marketing and supporting lighting products in the architectural and corporate identity markets along with Lumileds strength as the world leader in the manufacture of high-power LEDs.
The Chip Strip product is a valuable addition to TIRs suite of lighting systems solutions servicing the Companys markets as well as representing an expansion of its customer base. This agreement is a significant step in realizing TIRs strategy. The Chip Strip product fits perfectly with our marketing focus and continues to demonstrate our leadership in bringing SSL solutions to our markets," says Leonard Hordyk, President and CEO.
This marketing partnership allows Lumileds to focus its resources on the continued improvement of its lighting technology, while ensuring that new market opportunities for Chip Strip are developed and serviced by a qualified partner," says Mark Swoboda, Vice President Sales and Marketing for Lumileds.
By partnering with the clear leader in LED technology and quality, TIR will benefit from Lumileds substantial manufacturing capabilities as they continue to increase their reach to new customers through TIRs established network and industry contacts," Hordyk adds.
As part of this agreement, TIR assumes worldwide marketing responsibility (Australia and New Zealand excluded) for the Chip Strip product line, which will continue to be manufactured by Lumileds.
Lumileds Lighting is the world's leading manufacturer of high-power LEDs and a pioneer in the use of solid state lighting solutions for everyday purposes. The company's patented Luxeon Power Light Sources are the first to combine the brightness of conventional lighting with the small footprint, long life and other advantages of LEDs. The company also supplies core LED material and LED packaging, manufacturing billions of LEDs annually, and ranks as the producer of the world's brightest red, amber, blue, green and white LEDs. A joint venture between Agilent Technologies and Philips Lighting, Lumileds is headquartered in San Jose, California.
TIR Systems Ltd., a world leader in delivering specialty lighting systems, is building the foundations for tomorrows lighting. Through sound innovation and proven technical capability, TIR is developing, designing and marketing the core technologies that will allow Solid State Lighting (SSL) to move to the forefront of mainstream lighting.
For more information, please contact:
J. Caren Holtby
Investor Relations Manager
Tel: 604-473-2318
Email: caren_holtby@tirsys.com
To find out more about TIR Systems Ltd. (CDNX: TIY), visit our website at www.tirsys.com
|