Troy's ilumisys sets sights on expansion of LED market

Troy-based ilumisys sees some big future gains for its lighting products, especially the growing LED market.

The subsidiary of Altair Engineering expects to hire as many as 200 people over the next five years as the LED light movement gains traction. LED lights are the ultra-energy-efficient lights that are seen as the next generation of lighting and eventual replacement of fluorescent tube lights, like CFLs.

"It can safely be assumed that LEDs can take 10 percent of the fluorescent tube market," says David Simon, president of ilumisys. "That becomes a very large number."

That market checks in at about $10 billion, and LEDs are seen as the primary successor to it. So much so that ilumisys is increasingly drawing on its parent company's resources to meet its demand, stepping up its research and development efforts by 50 percent in 2009.

"Many, many people from Altair Engineering contribute to ilumisys," Simon says. "This is one of the advantages of being part of a global company."

Source: David Simon, president of ilumisys
Writer: Jon Zemke

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Troy's ilumisys sets sights on expansion of LED market

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