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Hilco Streambank Seeks Offers to Acquire LED Lighting

Indications of Interest due February 23, 2023

NEW YORK, Jan. 26, 2023 /PRNewswire/ -- Hilco Streambank (www.HilcoStreambank.com), a leading intellectual property advisory firm specializing in the valuation and sale of intangible assets, announced the sale of the intellectual property and related assets of LiteSheet Solutions, creator of patented energy saving, low-maintenance, ETL-certified LED lighting products manufactured in the United States.  The assets available for sale include an internationally registered patent portfolio, domain names, and trademarks as well as an operational 20,000 square-foot production facility located in Virginia.

(PRNewsfoto/Hilco Streambank)

Indications of interest to acquire the assets are due by February 23, 2023.

LiteSheet's patented BriteCor AC Direct Technology provides an opportunity to acquire innovative, long-lasting LED lighting technology that has proven itself to last for decades in demanding applications. By eliminating the need for the DC drivers standard in conventional LED lighting, LiteSheet products not only last decades longer than other LED lighting products in the market – allowing it to offer the industry's only 15-year warranty on its products – but the energy-efficient, low-maintenance fixtures reduce the total cost of ownership by 40%-80% compared to DC LED products, representing one of the lowest costs of ownership in the marketplace.

"All LiteSheet products last for over 230,000 lumen lifetime hours compared to 70,000 hours delivered by standard LED lights," remarked Gabe Fried, Hilco Streambank CEO. "This means LiteSheet technology is particularly valuable in installations where the cost of maintenance and replacement are high. This is an opportunity to expand an existing product portfolio into specialized applications such as roadways, tunnels, and large industrial or warehouse facilities."

Fried continued, "LiteSheet fixtures are actively replacing DC LED products in these applications, and a testament to the quality of these products are the established relationships and signed distribution contracts with major industrial supply companies Grainger and Applied Industrial. This is a great opportunity for an acquirer of these assets; LiteSheet has already done all of the work to bring these products to market, including validating the technology, securing UL certification, proven it can cost-effectively manufacture in the U.S., and that customers love these products."

Parties interested in learning more about the assets and sale process can click here or contact Hilco Streambank directly using the contact information provided below.

Gabe Fried

CEO

gfried@hilcoglobal.com

617.458.9355

Karl Maersch

SVP

kmaersch@hilcoglobal.com

440.468.9130

Stella Silverstein

Analyst

ssilverstein@hilcoglobal.com

646.651.1953


About Hilco Streambank: Hilco Streambank is a market leading advisory firm specializing in intellectual property disposition and valuation. Having completed numerous transactions including sales in publicly reported Chapter 7 and 11 bankruptcy cases, private transactions, and online sales through IPv4.Global, Hilco Streambank has established itself as the premier intermediary in the consumer brand, internet, and telecom communities. Hilco Streambank is part of Northbrook, Illinois based Hilco Global, the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates more than twenty specialized business units offering services that include asset valuation and appraisal, retail and industrial inventory acquisition and disposition, real estate and strategic capital equity investments.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/hilco-streambank-seeks-offers-to-acquire-led-lighting-301731370.html

SOURCE Hilco Streambank

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