Business News | Feb 21, 2008

Luminus Devices and Avnet Electronics Marketing Launch PhlatLight™ LED Products Distribution Pact

Luminus Devices, Inc. today announced a distribution agreement with Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE: AVT), one of the world’s largest distributors of electronic components and computer systems. Under the agreement, Avnet will distribute PhlatLight™ LED products to Luminus’ general illumination customers throughout North and South America.

Avnet will provide comprehensive distribution, design-chain services and supply-chain optimization to help Luminus’ customers accelerate product development for a variety of general illumination applications. Luminus will be supported through LightSpeed, Avnet’s specialized solid-state lighting and high-brightness LED business unit. LightSpeed features a team of dedicated illumination-focused "Illumineers," engineers who have experience in high-brightness LED technology, thermal management, power driver stage and secondary optics. This affords Luminus’ customers additional engineering and system-level design assistance.

“The demand for our PhlatLight LEDs in new applications is growing exponentially,” said Udi Meirav, CEO of Luminus Devices, Inc. “Avnet’s global reach and reputation as a specialist in distributing electronic components, along with LightSpeed’s LED expertise, are exceptional and we’re excited to bring them in as a channel to customers.”

“There is a tremendous need for higher-brightness, energy-efficient LEDs in a variety of lighting applications,” said Cary Eskow, director of Avnet LightSpeed. “PhlatLight LEDs produce thousands of lumens from a single large chip and are uniquely suited to replace halogen, arc and fluorescent lamps in many applications such as entertainment, architectural and medical lighting. We look forward to making these remarkably high-performance products available to our customers.”

Luminus’ patentedPhlatLight LED technology is leading the next generation of solid state illumination, breaking new ground in applications where high brightness LEDs have not been bright enough to displace conventional lamps. PhlatLight LEDs are considerably larger and brighter than conventional high brightness LEDs and are already proven as a replacement for high intensity lamps, offering more brilliant color and longer lifetimes in projection televisions and projectors. PhlatLight technology is currently used in products from some of the world’s leading consumer electronics manufacturers, including Samsung Electronics and LG Electronics.

About Luminus Devices:

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 PhlatLightä (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 http://www.luminus.com and www.phlatlight.com .

About Avnet Electronics Marketing:
Avnet Electronics Marketing is an operating group of Phoenix-based Avnet, Inc. (NYSE:AVT), a Fortune 500 company. Avnet Electronics Marketing serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers in more than 70 countries, distributing electronic components from leading manufacturers and providing associated design-chain and supply-chain services. The group's Web site is located at http://www.em.avnet.com . More information on Avnet LightSpeed is at http://www.em.avnet.com/lightspeed .

About Avnet:
Avnet, Inc. (NYSE:AVT) is one of the largest distributors of electronic components, computer products and technology services and solutions with more than 300 locations serving more than 70 countries worldwide. The company markets, distributes and optimizes the supply-chain and provides design-chain services for the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Avnet brings a breadth and depth of capabilities, such as maximizing inventory efficiency, managing logistics, assembling products and providing engineering design assistance for its 100,000 customers, accelerating their growth through cost-effective, value-added services and solutions. For the fiscal year ended June 30, 2007, Avnet generated revenue of $15.68 billion. For more information, visit www.avnet.com.

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