ERP Power Acquires Lumenetix

Tunable Light and Power Enables Lighting Fixture Manufacturers to
Accelerate Time to Market with Integrated Driver, Light Engine, and
Controls.

LOS ANGELES–(BUSINESS WIRE)–$IoT #ColorTuningERP
Power LLC
(“ERP”), a portfolio company of Angeles
Equity Partners, LLC
(“Angeles”), and a leading provider of small,
smart and connected LED drivers for the lighting industry, today
announced the acquisition of Lumenetix
Inc.
(“Lumenetix”). Lumenetix is the creator of the araya5
tunable color light engines and digital controls designed to deliver
flawless interactive lighting experiences. The combination of patented
tunable light from Lumenetix and precision power from ERP provides
lighting designers with the industry’s first independent driver, light
engine and digital controls embedded system. The innovative form factor
is designed to reduce original equipment manufacturer complexity and
accelerate LED lighting fixture time to market.

“We believe the combined company is uniquely positioned to deliver a
differentiated and compelling value proposition to the lighting
industry,” said
Timothy
Meyer
and Jordan
Katz
, Co-founders and Managing Partners of Angeles Equity
Partners.
“ERP and Lumenetix are well positioned to capitalize on
the IoT digital controls and full spectrum lighting industry trends.”

The patented technologies from ERP and Lumenetix simplify the deployment
and control of LED lighting installations to deliver accuracy, control,
and consistency. The integration of power conversion and digital
controls matched to the form and function of the light engine enables
the vision of tunable light and power. The combined company delivers the
broadest array of controls integration with support for Acuity
Fresco
, Avi-On,
DALI,
DMX, LeGrand
WattStopper
, Lutron
EcoSystem
, and Xicato
to provision a lighting project with dozens to thousands of fixtures.

“Our integrated system enables lighting fixture designers to preserve
their brand, facilitate luminaire design, and accelerate time to market
for specification grade fixtures with best-in-class quality of light,
power density, and digital controls flexibility,” said
Michael
Archer
, Founder and CTO of ERP.

The Lumenetix
araya5
Tunable Color feature set, powered by ERP
programmable LED drivers, replicates full spectrum sunlight; provides
access to a wide gamut of pastels and saturated colors; and delivers
eflicker-free dimming to 0.1% for architectural, commercial, retail,
hospitality and entertainment
applications.

“Two technology leaders focused on enabling broad adoption of tunable
light and power across multiple markets is compelling,” said
Jim
Kingman
, Founder and former CEO of Lumenetix, and Executive
Vice President of ERP.
“I am looking forward to playing a key
role in the combined business.”

In conjunction with the transaction, two of the lighting industry’s most
influential individuals – Jed
Dorsheimer
and Doug
Herst
are joining the ERP Board of Directors. Jed Dorsheimer is
currently Managing Director and Senior Analyst at Canaccord
Genuity
. Previously Jed served as Vice President, Acuity
Brands
, a Fortune 500 company where he served as VP, Commercial
Office and VP, Corporate Development. His twenty years of industry
leading experience earned him recognition by Lux Magazine in 2014 as the
5th most influential person in the lighting industry worldwide. Doug
Herst is the Founder of Lumenetix
and venerable lighting industry maverick. With over twenty utility
patents and more than fifty design patents Doug pioneered indirect
lighting over two decades as CEO of Peerless
Lighting
, now a division of Acuity Brands.

Irell
& Manella LLP
provided legal counsel to ERP and Angeles. O’Melveny
& Myers LLP
served as the legal advisor to Lumenetix in the
transaction.

About Lumenetix

Founded in 2008, Lumenetix is the technology leader in advanced light
sources for commercial, residential and professional film/studio
lighting applications. Lumenetix utilizes proprietary and patented
manufacturing processes and controls to replicate and control the
spectral quality of natural light while enabling access to millions of
colors, from pastels to saturates. Lumenetix products are sold under the
araya® and blanco® registered trademarks. Learn more online at www.lumenetix.com

About ERP Power

Established in 2004, ERP designs and manufactures small, smart and
connected LED driver power electronics for architectural, commercial and
industrial lighting applications. ERP products deliver an
industry-leading combination of compact size, extensive dimmer
compatibility, wireless controls, programmable output, and high
efficiency at competitive cost. Headquartered in Moorpark, CA, ERP owns
and operates its own ISO 9001 certified manufacturing facility to ensure
quality of design, sourcing, production and testing. Learn more online
at www.erp-power.com
or by emailing SaveEnergy@erp-power.com.

About Angeles Equity Partners, LLC

Angeles Equity Partners, LLC is a private equity firm that invests in
companies across a wide range of sectors and specifically targets
businesses which it believes can directly benefit from the firm’s
strategic, operational and M&A capabilities. The Angeles skill set
drives the firm’s investment philosophy and, in its view, can help
businesses reach their full potential. Learn more online at www.angelesequity.com.

Contacts

Trenton Waterhouse at + 1 623 523 1672 or email SaveEnergy@erp-power.com.
Website
www.erp-power.com

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