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Luminus Reaches Agreement with
RF Micro Devices Updates
Investors at Needham
Hercules Technology Growth Capital
Growth Stock Conference -
9 Jan, 2010
12 Jan 2010
RFMD Achieves Financial Targets for
Luminus’ Investors and Board of Directors the LED industry,” said Ward. “We are December Quarter and Expects to Converge
Strongly Support The Company’s Growth- committed to our 2010/2011 vision of on 15% Operating Income for Fiscal 2010.
Oriented Business Plan for 2010/2011 continued growth in projection display, RF Micro Devices Inc. today provided
Luminus Devices, developer and general illumination lighting and UV updated financial information to investors
manufacturer of high light-output, “Big Chip” industries. Our superior products are used during a webcast presentation at the 12th
PhlatLight® LEDs, today announced it has by the world’s largest electronics Annual Needham Growth Stock Conference
settled its lawsuit against Hercules companies such as Acer, LG, Sony, in New York City. During the presentation,
Technology Growth Capital, filed on Samsung and Toshiba. In general management said RFMD had achieved its
December 21, 2009. The legal action taken illumination lighting markets such as financial targets for its fiscal 2010 third
against Hercules has been withdrawn. The architectural, retail, residential, roadways, quarter, ending January 2, 2010, related to
company’s investors and share holders are digital signage, industrial high-bay and in revenue, non-GAAP gross margin, non-
committed to supporting the growth- entertainment lighting applications, GAAP earnings per share and free cash flow.
oriented 2010/2011 business plan. Luminus companies such as Vari-Lite have validated Dean Priddy, RFMD’s CFO and vice
is committed to its customers, applications use of our large-chip PhlatLight LEDs in president of administration, said that, based
and markets that enable PhlatLight LEDs to many new and innovative lighting upon RFMD’s December 2009 quarterly
power their next-generation products. applications.” performance and current projections for the
March 2010 quarter, RFMD believes its non-
“Luminus has complete and unwavering Luminus won a 2009 Wall Street Journal GAAP operating margin will converge on
support from its investors, a committed Innovation Award and a 2009 LightFair 15% for its fiscal 2010, ending April 3, 2010.
board of directors, a strong internal Technical Innovation Award for its SST-90- Regarding future periods, RFMD indicated
leadership team and the best employees in W PhlatLight LED. It was named a 2009 order and shipment momentum had extended
the LED industry” GoingGreen Top 50 Private Company and into the March 2010 quarter. RFMD also
“From the outset, Luminus was confident of the 2009 Small Business of the Year by reiterated previous guidance indicating it
a full and cooperative outcome to the recent Enterprise Bank. In addition, Luminus won plans to achieve 15% non-GAAP operating
legal action we took against Hercules the 2008 Display Component of the Year margin for its fiscal 2011 and it expects to be
Technology Growth Capital. This is the Gold Award from the Society of Information net cash positive by the end of its fiscal 2011.
outcome we expected and today we focus Display (SID) and a 2008 SBANE RFMD’s non-GAAP operating margin
on customers and profitably growing the Innovation Award. The company’s founder excludes share-based compensation,
business,” said Keith T.S. Ward, president and CTO Alexei Erchak was named a 2008 amortization of intangibles,
and CEO, Luminus Devices. All-Star by Mass High Tech. In 2007, integration/acquisition charges,
Luminus won the Display Component of the manufacturing start-up costs and
“Luminus has complete and unwavering Year Silver Award from SID. restructuring charges. RFMD defines free
support from its investors, a committed cash flow as net cash provided from
board of directors, a strong internal PhlatLight is a registered trademark of operating activities minus property and
leadership team and the best employees in Luminus Devices. equipment expenditures.
Mini Coriolis Flow Meters for smallest flow rates - 28 Jan, 2010
Bronkhorst Cori-Tech B.V. has released a new model in its series of Mini CORI-FLOW, being the smallest Corilios flow meters on the
compact Coriolis Mass Flow Meters/Controllers for accurate market, have a robust IP65 weatherproof housing and are available
measurement and control of (very) low flow rates. with approval for use in hazardous areas (ATEX Cat.3 Zone 2). The
instruments offer integrated PID control and close-coupled control
With the mini CORI-FLOW model M12 the lowest capacity has valves or pumps, thus constituting very compact Coriolis mass flow
been reduced to 0,4…20 g/h. The instruments are suitable for both control loops. Mini CORI-FLOW features state-of-the-art digital
measurement and control for liquid flow as well as gas flow technology, offering standard analogue and RS-232 communication,
applications. The unique design of the miniature Coriolis sensor optional fieldbus interfaces and additional functions such as alarms,
features superior response time and high accuracy, irrespective of totaliser (to measure fluid consumption) and batch dosing. Both fluid
changing operating conditions with regard to pressure, temperature, temperature and density are available as secondary digital outputs.
density, conductivity and viscosity. The effective turndown is no less Typical applications include research laboratories, food and
than 1000:1, with easy, on-site possibility for the user to re-range the pharmaceutical industries, analytical installations, micro-reactors and
instrument to his requirements, thus guaranteeing highest process anywhere requiring accurate, fluid independent mass flow
flexibility. measurement or dosage of very small flow rates.
28
www.compoundsemiconductor.net January/February 2010
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