Nichia and Luminus Enter Cross Licensing and Manufacturing Partnership

February 2, 2009

For Immediate Release

Partnership Will Enable LED Products with Unprecedented Performance

BILLERICA, Mass. (February 2, 2009) — ichia Corporation and Luminus Devices Inc., today announced an alliance based on cross-licensing of intellectual property, technology sharing, and a manufacturing partnership. The two companies have agreed to combine their expertise and resources in order to bring to the market a new breed of high power white LEDs.

While details of the business agreement are confidential, the shared objective of the partnership is to accelerate the adoption of solid-state lighting. The combination of technologies of both companies, including Nichia’s renowned phosphor and epitaxial materials and Luminus’ groundbreaking PhlatLight® large-chip technology, will create novel high power LED products that will enable new solid-state lighting applications. The companies will cross license intellectual property and share critical process knowledge which is expected to result in new and innovative products. They have also established a manufacturing partnership, whereby each company will contribute the resources, materials and capabilities needed to meet the quality and performance requirements for the products.

“We would like to pay the greatest honor to Luminus Devices and their innovative technologies,” said Eiji Ogawa, President of Nichia. “We look forward to working together to create environmentally friendly products with the combination of our technologies.”

“We are privileged to be working closely with Nichia,” said Udi Meirav, CEO of Luminus. “But the biggest winners will be our customers, who will have unprecedented LED performance and the benefit of a reliable, high volume supply of these novel products.”

Some of the jointly developed products will be marketed by Nichia and others by Luminus, both of which will be able to use the prestigious PhlatLight trademark. The first of these products are planned for launch in 2009.

About Luminus

Luminus Devices, Inc. develops and manufactures high performance solid state light sources for a variety of illumination applications, including high definition TVs, video projectors, avionics displays, and lighting systems. Its patented PhlatLight® (Photonic Lattice) LED products are the brightest and most versatile solid-state light sources available today and are enabling innovative products and applications never before possible. Luminus Devices’ headquarters and primary manufacturing facilities are located in Billerica, Massachusetts, U.S.A. For more information, visit www.luminus.com and www.phlatlight.com.

For more information

Schwartz Communications
Bill Keeler or Nicole Slein
+1 781 684-0770
luminus@schwartz-pr.com

About Braemar Energy Ventures

Braemar Energy Ventures is a venture capital fund making early- to mid-stage investments in the energy technology sector. The firm's principals have invested in more than 60 companies in the sector and have more than 100 years of combined technical, operational and financial experience in energy and energy-related industries. Braemar partners with exceptional companies and management teams, in both alternative and traditional energy markets, that can contribute to a more profitable and efficient energy landscape through innovation and marketplace expertise. Additional information is available at BraemarEnergy.com or on Twitter at twitter.com/braemarenergy or @BraemarEnergy.

For more information

Alison McIntyre
Prosek Partners
(212) 279-3115 x269
amcintyre@prosek.com

Note to editors: PhlatLight is a registered trademark of Luminus Devices.