Lumenpulse Elects Bill Sims, Former CEO of Color Kinetics to Board of Directors - Company Announces LED Lighting All-Star Executive Team

Lumenpulse Inc., a leading innovator and manufacturer of high performance, architectural LED-based lighting solutions for commercial, institutional, and urban environments, today announced that Bill Sims has joined its board. The company also introduced its executive team featuring an "all-star" lineup of business, technology and design talent from the global LED and lighting market. This team -- together with Lumenpulse's specification-grade, sustainable products -- are focused on the LED fixtures market that totaled $3.8B in 2010 and is estimated to grow to $9B by 2014 (Source: Strategies Unlimited).

Sims, the President and CEO of Joule Unlimited, Inc., is well known in the LED industry as the former CEO of Color Kinetics, a pioneer in intelligent LED illumination. In his seven-year tenure at Color Kinetics, Sims guided the company to profitability, achieved 30 percent annual growth on average, and oversaw its successful IPO, secondary offering and eventual sale to Philips for $800 million in 2007. Prior to that, his proven leadership in the business-to-business and consumer technology spaces helped successfully bring other innovative products to market.

"Having helped LED technology grow from specialty markets to widespread use, I can see that Lumenpulse is a fast-emerging leader with its combination of advanced design, breadth of product offerings and superior performance. All three are critical to gaining a strong foothold in the architectural lighting market," said Mr. Sims. "I'm very pleased to help guide the company in its next phase of growth as the technology continues to evolve and enable new, exciting applications."

Sims joins Francois-Xavier Souvay, Founder, President and CEO of Lumenpulse, on the Board, as well as Nicolas Bélanger, the co-founder of W Investments Inc., a private Canadian investment firm. Bélanger was also co-founder and CEO of DTI Software, a world leader in inflight entertainment software that was sold in 2008 to German group Advanced Inflight Alliance AG.

"Bill, along with our new executive team, bring tremendous industry experience and know-how, and an impressive track record of success. They will help Lumenpulse continue to execute on its ambitious growth plans," said Souvay. "By joining Lumenpulse, they validate our business and vision and will be tremendous assets as we move to the next level in the company's development."

Providing day-to-day leadership for Lumenpulse, the company's executive team is now comprised of:

• Senior Vice President and Chief Financial Officer, David Johnson brings 27 years of financial management experience, including having served as CFO at Color Kinetics, where he led the finance department from its pre-revenue start-up stage through its sale to Philips. Johnson is responsible for managing Lumenpulse's global financial health and growth.

• Chief Technology Officer and Director of Engineering, Greg Campbell has 7 years of experience in bringing innovative LED lighting products to market including leading product development teams at Color Kinetics. Campbell holds numerous LED-related patents and is responsible for establishing Lumenpulse as an innovation and performance leader.

• Executive Vice President, Product Development, Yvan Hamel has over 25 years of experience in lighting design and product development including having served as head of design and engineering operations for Lumec, a leading manufacturer of high performance outdoor lighting fixtures. Hamel is responsible for maintaining Lumenpulse's strong reputation for excellence in product design and development.

• Executive Vice President of Sales, The Americas, Brandon Siemion has over 20 years of experience in sales with a deep expertise in the LED lighting marketplace. Siemion has held senior level sales and business development positions at Color Kinetics, and is responsible for leading a sales team focused on supporting specifiers and manufacturing reps.