HiLumz USA, a Georgia-based company, specializes in manufacturing LED lighting and retrofit solutions for commercial and industrial markets. Their flagship product, the HiLumz® Diamonz® Retrofit Kit, offers LED options for existing Metal Halide, High Pressure Sodium, or High Intensity Discharge (HID) fixtures, catering to commercial and industrial light fixtures ranging from 100 Watts to 1,000 Watts. The company positions itself as a manufacturer of LED products, rather than just an importer or reseller, which is advantageous as the LED lighting industry is projected to comprise 70% of the global lighting market by 2020, reaching about $100 billion. One of HiLumz's strategic advantages is their focus on retrofit kits, which enables fixture owners to convert to LED more cost-effectively without requiring permit and architectural approvals. This approach allows for standardization on a single product for various fixture types, contributing to cost savings and operational efficiency. In 2014, HiLumz secured an Equity Crowdfunding investment, signifying investor confidence in the company's potential. With the rapid expansion of the LED lighting industry, HiLumz is well-positioned to capitalize on this growth, offering efficient LED retrofit solutions while preserving the existing infrastructure.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Equity Crowdfunding | Unknown | - | 29 Oct 2014 |
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