Co-founder of LED iBond International A/S, Lars Frederiksen, retires.
COMPANY ANNOUNCEMENT NO. 98
Lars Frederiksen, co-founder of LED iBond and inventor of the fundamental patented inventions upon which LED iBond’s activities are based, has retired from his position in the company.
Lars Frederiksen states: "It is the right time for LED iBond as well as for me. For me, the background is health and age, and at the same time LED iBond has today reached a stage of development that makes it a natural step. We have agreed that I will be available throughout the year in relevant contexts, and I look forward to following the future development of LED iBond."
Michael Brag, chairman of the board, states: "It is always challenging to find the right solution when a co-founder and inventor resigns. We are pleased with the balanced arrangement that we have reached according to which Lars Frederiksen will be available to LED iBond for the rest of the year as a consultant. It is a good arrangement for both parties. We thank Lars for his great work in LED iBond."
Further Information
Michael Brag, Chairman
Mobile: +45 25 10 12 00
Email: mbr@ledibond.com
Company contact
LED iBond International A/S
Agern Allé 5A
2970 Hørsholm
Denmark
CVR 36041609
+45 7070 7855
info@ledibond.com
www.ledibond.com
Certified advisor
Västra Hamnen Corporate Finance
Stortorget 13A
211 22 Malmö
Sweden
Telephone: +46 40 200 250
Email: ca@vhcorp.se
About LED iBond International A/S
Founded in 2014, LED iBond International offers innovative lighting solutions, based on years of development and deep knowledge of modern LED technology combined with advanced packaging and assembly technology. Our patented technology platform includes a very thin formfactor of only 6 mm for the light panels, offering a unique value proposition based on high design flexibility, robustness, IoT integration, and low total costs of ownership due to market leading energy efficiency and superior cooling properties. The technology platform also reduces the installation cost due to a modular design with a limited need for traditional electrical wiring.
LED iBond’s technology has been installed in many projects, ranging from intelligent shelf lighting to numerous large scale illumination projects such as various parking facilities and as the indoor installation of 3.2 kilometres of TRACY®, the company’s innovative flagship product, at the Technical University of Denmark. LED iBond’s has also developed software-based advanced light management systems for control of lighting solutions.
LED iBond is focusing on three key business lines: Smart Building (Industry & Home), Indoor and Vertical Farming, and UV Disinfection, all projected to show significant growth in the years to come. For Indoor and Vertical Farming segments, LED iBond’s roadmap includes lighting solutions which incorporate advanced IT management with monitoring using sensors, cameras, and plant analysis.
Manufacturing takes place in Denmark in LED iBond’s own production facility with highly automated assembly lines.
LED iBond International A/S is admitted to trading on Nasdaq First North Growth Market Denmark (ticker: LEDIBOND).