LedEngin Successfully Closes Series D Funding Round

NGP Energy Technology Partners Leads Financing That Will Enable LedEngin To Continue Its Growth in the Global LED Market

SANTA CLARA, Calif.--(BUSINESS WIRE)--LedEngin, Inc., a California-based solid-state lighting company specializing in high performance LED lighting components, modules and replacement lamps, today announced the successful completion of its Series D financing. NGP Energy Technology Partners (“NGP ETP”), a leading energy technology fund with $496 million of capital under management, led the round and was joined by existing investors WK Technology Fund, Partech International, Horizon Ventures, Eyon Group and independent investor and Chairman, Dr. Keh-Shew Lu. The Series D funding allows LedEngin to expand operations in response to increasing market demand for its products. The financing will be used to increase the LedEngin product portfolio, increase manufacturing capacity and to increase its worldwide sales and marketing network. Leveraging its unique and innovative packaging and optical technology, LedEngin is poised to take advantage of robust growth in the LED market.

“The addition of NGP Energy Technology Partners to our existing funding partners will bring one of the most experienced and well respected energy technology focused funds with deep connections and experience in energy markets. We are excited to have NGP Energy Technology Partners on board.”

“The latest round of funding provides LedEngin with the financial resources it needs to accelerate growth and meet customer demands,” said David Tahmassebi, President and CEO of LedEngin. “The addition of NGP Energy Technology Partners to our existing funding partners will bring one of the most experienced and well respected energy technology focused funds with deep connections and experience in energy markets. We are excited to have NGP Energy Technology Partners on board.”

“LedEngin is led by an impressive management team that has a proven track record and a compelling and focused strategic plan. NGP ETP’s investment will allow LedEngin to accelerate the tremendous market penetration it is already experiencing LedEngin’s reputation in the marketplace, innovative products, and strong industry acceptance make it an attractive investment for NGP Energy Technology Partners,” said Brad Barton, Principal at NGP ETP, who will join the board of LedEngin as part of the transaction.

About LedEngin, Inc.

LedEngin, Inc. is a California-based solid-state lighting company specializing in ultra-bright, ultra-compact LEDs capable of emitting 2,000+ lumens, delivering extreme flux density and industry-leading reliability. LedEngin commercially available LED component products range from 3W to 40W in white, direct colors, RGB, RGBA, Far Red, Deep Red, Dental Blue and UV. The company's family of LED replacement lamps and lighting modules, namely its LuxPar and LuxSpot family, provide superior quality light and industry leading Center Beam Candle Power (CBCP). LedEngin products are sold directly and through select distributors. www.ledengin.com.

About NGP Energy Technology Partners

NGP Energy Technology Partners (NGP ETP), established in 2005, is a leading private equity firm investing equity capital for growth and buyout transactions for companies that provide products and services to the oil and gas, power, energy efficiency, and alternative energy sectors. NGP ETP, with $496 million in capital under management, is managed by investment professionals with extensive experience investing in virtually all types of energy technology and a strong track record of identifying strong management teams and working with them to create significant value. NGP ETP is an affiliate of NGP Energy Capital Management, a leading investment firm with over $9.5 billion of cumulative capital under management which serves the natural resources sector. NGP ETP is headquartered in Washington, D.C. and has offices in Dallas, TX and New Orleans, LA. www.ngpetp.com