Luminus lands $72 million in financing

Luminus Devices Inc. of Billerica announced today the closing of a new round of financing of $72 million.

One company product is PhlatLight light-emitting diodes, or LEDs, (right) which can be used as components by manufacturers in making high-definition televisions.

According to Luminus Devices, PlatLight LEDs produce superior color in high-definition TVs and digital projection systems, while offering a more environmentally friendly light source that doesn't require repeated replacement during the lifetime of the TV or projector.

The company said it stands to benefit as the $4-billion LED lighting industry and other industries migrate away from conventional incandescent and florescent lighting and convert to LED technology.

The Luminus financing round was led by Braemar Energy Ventures, which according to its website, is a venture capital firm with offices in New York and Boston.
(By Chris Reidy, Globe staff)