which brought new directors to the board

We started the year strong in our fiscal first quarter with record revenue and non-GAAP earnings per share at the high end of our target range," stated Chuck Swoboda, Cree chairman and CEO. "Overall company backlog is stronger than it was at this point last quarter, although visibility is still limited and the led flood light macroeconomic environment remains a headwind. Our results are beginning to demonstrate the enormous leverage we have in our fully integrated vertical lighting model.

By partnering with PolyBrite, we quickly and efficiently added a full assortment of complementary bulbs and new luminaires with new technology that is clearly differentiated,” says Mike Bauer, president and chief executive of Nexxus.The move is part of a larger strategy by Nexxus to boost growth and generate profit after struggling with sliding revenue and quarterly losses. In August, it received noncompliance notice from the NASDAQ stock exchange for failing to file financial reports on time. Preliminary results for the second quarter show a net loss of $2.4 million, or 15 cents per share, on revenue of $1 million. The company was recently helped by a $6 million investment from an affiliate of Aston Capital, which brought new directors to the board.

Robert LaPenta, Aston founder and chairman of Nexxus’ board, disclosed that Nexxus will continue to explore other strategic initiatives, including joint development, international sourcing and acquisitions in order to maximize growth opportunities and minimize costs.Nexxus Lighting Inc. has announced to sign a distributor agreement with led high bay light nternational, a Goeken Group Corp. subsidiary, which develops LED lighting systems using a proprietary technology.Under the agreement, Nexxus will begin offering PolyBrite’s Borealis LED products to its customers. Terms were not disclosed.Build on Therma-Tech thermally conductive polymer formulations, PolyOne Corporation has received the 2012 Ringier Technology Innovation Award for the Plastics Industry. These advanced materials have been recognized for their role in making sustainable LED innovations possible.