Hilco Streambank Seeks Offers to Acquire LED Lighting
Saturday, February 4, 2023
Indications of Interest due February 23, 2023
NEW YORK, Jan. 26, 2023 /PRNewswire/ -- Hilco Streambank (www.HilcoStreambank.com), a leading intellectual property advisory firm specializing in the valuation and sale of intangible assets, announced the sale of the intellectual property and related assets of LiteSheet Solutions, creator of patented energy saving, low-maintenance, ETL-certified LED lighting products manufactured in the United States. The assets available for sale include an internationally registered patent portfolio, domain names, and trademarks as well as an operational 20,000 square-foot production facility located in Virginia.
Indications of interest to acquire the assets are due by February 23, 2023.
LiteSheet's patented BriteCor AC Direct Technology provides an opportunity to acquire innovative, long-lasting LED lighting technology that has proven itself to last for decades in demanding applications. By eliminating the need for the DC drivers standard in conventional LED lighting, LiteSheet products not only last decades longer than other LED lighting products in the market - allowing it to offer the industry's only 15-year warranty on its products - but the energy-efficient, low-maintenance fixtures reduce the total cost of ownership by 40%-80% compared to DC LED products, representing one of the lowest costs of ownership in the marketplace.
"All LiteSheet products last for over 230,000 lumen lifetime hours compared to 70,000 hours delivered by standard LED lights," remarked Gabe Fried, Hilco Streambank CEO. "This means LiteSheet technology is particularly valuable in installations where the cost of maintenance and replacement are high. This is an opportunity to expand an existing product portfolio into specialized applications such as roadways, tunnels, and large industrial or warehouse facilities."
Fried continued, "LiteSheet fixtures are actively replacing DC LED products in these applications, and a testament to the quality of these products are the established relationships and signed distribution contracts with major industrial supply companies Grainger and Applied Industrial. This is a great opportunity for an acquirer of these assets; LiteSheet has already done all of the work to bring these products to market, including validating the technology, securing UL certification, proven it can cost-effectively manufacture in the U.S., and that customers love these products."
Parties interested in learning more about the assets and sale process can click here or contact Hilco Streambank directly using the contact information provided below.
Gabe Fried
Karl Maersch Stella Silverstein
CEO
SVP
Analyst
gfried@hilcoglobal.com kmaersch@hilcoglobal.com ssilverstein@hilcoglobal.com
617.458.9355
440.468.9130
646.651.1953
About Hilco Streambank: Hilco Streambank is a market leading advisory firm specializing in intellectual property disposition and valuation. Having completed numerous transactions including sales in publicly reported Chapter 7 and 11 bankruptcy cases, private transactions, and online sales through IPv4.Global, Hilco Streambank has established itself as the premier intermediary in the consumer brand, internet, and telecom communities. Hilco Streambank is part of Northbrook, Illinois based Hilco Global, the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates more than twenty specialized business units offering services that include asset valuation and appraisal, retail and industrial inventory acquisition and disposition, real estate and strategic capital equity investments.
View original content to download multimedia:https://www.prnewswire.com/news-releases/hilco-streambank-seeks-offers-to-acquire-led-lighting-301731370.html
SOURCE Hilco Streambank
|
|
|
|
|
 |
Sup AI Sets New Benchmark Record with 52.15% on Humanity's Last Exam | Jan 22, 2026
|
|
Weekly Recap: 11 Tech Press Releases You Need to See | Jan 22, 2026
|
|
DEADLINE ANNOUNCED FOR 2026 NEW TOP-LEVEL DOMAIN APPLICATIONS | Jan 22, 2026
|
|
Trigent Partners with WeWork India to Expand its GCC Footprint | Jan 22, 2026
|
|
Skunk Works® and XTEND Expand Joint All Domain Command and Control for Advanced Mission Execution | Jan 22, 2026
|
|
Altair HyperWorks 2026 Delivers Design and Simulation at Scale with AI | Jan 22, 2026
|
|
Exia Labs Brings Keystone to the U.S. Navy via DIU's Blue Object Management Challenge | Jan 22, 2026
|
|
Marketing Evolution Announces New Investment Led by Insight Partners to Power AI-Ready Marketing Data for the Agentic Era | Jan 22, 2026
|
|
Genpact Named a Leader in ISG Provider Lens(TM) 2025 for Insurance GCCs and Agentic AI Services | Jan 22, 2026
|
|
Glasswall Brings Defense-Level File Sanitization to Every Government Agency and Business Using Microsoft 365 | Jan 22, 2026
|
|
|
