TerraLUX designs and manufactures LED modules that incorporate several on-board functions such as closed-loop thermal management of LED drive conditions, lumen maintenance over time, dynamic transformer recognition, direct AC line and low voltage compatibility and standard phase dimmers.

Its technology is designed to maximize light output under all operating conditions while assuring LED lumen maintenance.

Through meticulous research and development, TerraLUX built an intellectual property and patent portfolio representing new LED thermal management, optics, LED drive electronics and LED module manufacturing.

TerraLUX founder and Chief Technology Officer Anthony Catalano talked about how the company started.

"It was actually my wife. She wanted lights out on our patio, which had no power. My background is in electronics, and LEDs. I made my first LED in 1970. So when she wanted lighting out on the patio, I went out and purchased ordinary battery-powered incandescent lights to put out there under the umbrella, and when I got the package, I looked at it and the run time was like 45 minutes, and it required four AA batteries," Catalano said.

After looking at the lack of efficiency in those conventional lights on his patio, he realized there are LEDs that are more efficient.

"So, I set about investigating how to build a circuit, build electronics and build a prototype LED bulb, [then] started manufacturing it here in Longmont. So I figured if it works for my wife and that application, probably people throughout the world will want this product. So I sent about [acquiring] an electric engineer and a marketing fellow to try and commercialize this," Catalano said.

Cataleno believes LED lights will replace conventional lighting in years to come.

"My feeling was that LEDs will basically displace conventional lights as we know today sometime during the 21st century. It may not happen in five or 10 years but, I think all lighting will be dominated by LED technology," Cataleno said.

Some of the benefits a TerraLUX module includes is shorter time to market, lower design cost and risk, UL recognized component and reduced safety-compliance testing, available test data and predictable performance results, higher value at a lower cost, leverage outside technology and shared volume, and it's both serviceable and has the ability to be upgraded.

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Nate Chisholm contributed to this report.