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Lighting Science Group Announces Developments in Litigation with Philips Electronics
By: PR Newswire
Oct. 2, 2008 01:30 PM
On The action began in LSG is also involved in patent litigation with Philips. In "We are confident that LSG will prevail in each of these actions and that the lawsuits will not interfere with our business," said Additional information about the dispute is available in LSG's public filings at http://investor.lsgc.com/financials.cfm. About Lighting Science Lighting Science Group Corporation (www.lsgc.com) innovates, designs, manufactures and markets LED lighting solutions for consumer and professional applications that are environmentally friendlier and less costly to operate than traditional lighting products. The Company's patented and patent-pending designs in power management, thermal management, modules, light engines, controls and micro-electronics are engineered to enhance lighting performance, reduce energy consumption, lower maintenance costs and eliminate the use of hazardous materials. The company is at the forefront of global LED research and product development and designs and manufactures ready-to-use LED lamps and luminaires, as well as provides customized lighting solutions for architectural and artistic projects. Lighting Science has offices in About LED Holdings LED Holdings, LLC, a portfolio company of Pegasus Capital Advisors (www.pcalp.com) holds a majority of the issued and outstanding shares of Common Stock of Lighting Science Group Corporation. Pegasus Capital Advisors is a private equity fund manager with offices in Certain statements in the press release constitute "forward-looking statements" relating to LSG within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding future events with respect to LSG's litigation with Philips, including expectations concerning its outcome, are forward-looking statements. In some cases you can identify forward-looking statements by terminology such as "may," "will," "would," "should," "could," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. These statements are only predictions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by the statements including specifically the uncertainties inherent in litigation. In evaluating these statements, you should specifically consider various factors (including specifically the uncertainties inherent in litigation) that may cause our actual results to differ materially from any forward-looking statements. Readers should carefully review the risk factors described above and in other documents filed by LSG with the SEC. Readers are specifically directed to the discussion under "Risk Factors" in LSG's current Registration Statements on Form S1. SOURCE Lighting Science Group Corporation SOA World Latest Stories
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