September 23, 2008Richstone Brings Deep Financial Operations
Experience with Public and Private Companies
Billerica, Massachusetts, September 22, 2008―Luminus Devices Inc., developer and manufacturer of the award-winning PhlatLight® (Photonic Lattice) LEDs, today announced that Ellen Richstone has joined the Company as executive vice president and chief financial officer. With extensive experience in public and private companies, international business, and M&A, Richstone will be responsible for implementing and managing worldwide finance, administrative, human resources, legal and IT operations.
“We are very pleased to welcome Ellen to Luminus,” said Udi Meirav, president and CEO, Luminus Devices. “I am confident that with Ellen’s track record in operational finance, she will be an invaluable addition to our management team as we continue to grow the business and expand into new markets.”
Prior to joining Luminus Devices, Richstone served as CFO at Sonus Networks, a publicly-held corporation. While at Sonus, she implemented financial processes to enable growth. Previously, Richstone served as president and CEO of Entrepreneurial Resources Group, a global professional services firm founded more than 10 years ago. Richstone also served as chief financial officer and senior vice president, finance and administration at Brooks Automation, a hardware and software provider to the semiconductor industry. She has also held executive management positions at companies including Augat Inc., Rohr Aerospace and Bull (Honeywell Bull) and Data General.
“I am delighted to join Luminus Devices as the company enters its next stage of growth,” said Richstone. “I look forward to working with our customers, investors, and executive management team, and being part of the Company’s long-term success.”
In addition, Richstone currently serves on the board of directors at Blue Shift Technologies and is the non-executive Chairman of the Entrepreneurial Resources Group. She also served on the board of American Power Conversion (APC) as its SEC Financial Expert (Audit and Compensation Committees) before its sale for $6 Billion in 2007.
About Luminus Devices
Luminus Devices, Inc. develops and high performance solid state light sources for a variety of lighting applications, including high definition TVs, video projectors, avionics displays, as well as illumination systems for entertainment, architectural, medical, and industrial purposes. 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
