MONTREAL and BOSTON, MA -- (Marketwire) -- 06/07/11 -- Lumenpulse Inc., a leading innovator and manufacturer of high performance, architectural LED-based lighting solutions for commercial, institutional, and urban environments, today announced that Peter D. Karol, an LED and technology legal expert, has joined as executive vice president and general counsel. Based in Boston, Karol will oversee all aspects of Lumenpulse's legal strategy, including business agreements, intellectual property rights, corporate governance and regulatory management.
Lumenpulse's latest leadership addition comes after recent appointments of other LED industry luminaries to its all-star executive team. This leadership group -- together with Lumenpulse's specification-grade, sustainable products -- is focused on tapping into the LED fixtures market that totaled $3.8B in 2010 and is estimated to grow to $9B by 2014 (Source: Strategies Unlimited).
A respected Columbia Law School- and Wharton-educated leader, Karol brings significant legal and business experience in the LED lighting sector, having served as general counsel to Color Kinetics through its acquisition by Philips.
More recently, Karol served as general counsel at Joule Unlimited, a privately-held clean technology company in Massachusetts. He also served as general counsel at Lycos, the pioneering online portal, and as the deputy general counsel for publicly traded and privately held healthcare companies.
'Peter's expertise and solid track record add important depth as our executive team works to grow our company in the rapidly expanding global LED fixtures market,' said François-Xavier Souvay, Founder, President and CEO of Lumenpulse. 'He knows what makes LED and technology companies tick from an IP, legal and governance standpoint, and we look forward to him bringing the same best practices to Lumenpulse.'
According to Karol, 'The LED space continues to innovate as demand for new, sustainable and well designed commercial lighting fixtures continues to grow. Lumenpulse has developed a great position in the market, and I look forward to helping the company achieve its ambitions.'
The full Lumenpulse executive team line-up can be seen here (http://www.lumenpulse.com/en/company/mteam/).
About Lumenpulse Inc.
Founded in 2006, Lumenpulse develops and manufactures high performance, sustainable architectural LED-based fixtures and solutions for commercial, institutional, and urban environments. Attention to detail in mechanical, optical and fixture design has positioned Lumenpulse as a leader in the global LED lighting marketplace for indoor and outdoor uses. In addition to comprehensive product family offerings, Lumenpulse also specializes in the design, manufacturing and commissioning of large scale, customized, LED lighting solutions worldwide.
For more information, please visit: www.lumenpulse.com.