$23M Series C Round Positions Bridgelux for Dynamic Expansion

Sunnyvale, California, USA – August 6, 2007 – Bridgelux,
Inc., a leading supplier of energy-saving LED technology to high-volume
solid state lighting markets, today announced that it has completed
a $23M round of series C venture capital financing led by new investor
Chrysalix Energy Venture Capital. VantagePoint Venture Partners
also joined as a new investor, while DCM, El Dorado Ventures and
Harris & Harris Group participated with follow-on investments.
The funding will be used for product line and market expansion,
as well as intensified technology research and development at the
company’s headquarters in California’s Silicon Valley.

“With its current line of power LED chips, Bridgelux has demonstrated
its ability to bring innovative elements into the overall solid
state lighting solution set,” commented Bridgelux CEO, Mark
Swoboda. “This round of financing will really enable an acceleration
of the company into specifically targeted applications that result
in true partnerships rather than the more typical commodity-supplier
type relationships.” Bridgelux power LED chips have been used
by a substantial number of LED packagers and integrators as the
basis for their energy-savings light sources in backlighting, displays,
camera flashes and various niche lighting applications.

According to Greg Sullivan, managing director at lead investor Chrysalix
Energy Venture Capital, “Chrysalix invests in compelling technologies
and entrepreneurial management teams that are driving fundamental
technology changes into the global energy industry. Bridgelux fits
right in with that model as a company that can bring any number
of key elements into the solution set. We believe their approach
is one that will enable solid state lighting to more quickly reach
its full potential for energy savings and sustainability.”
Mr. Sullivan will be joining Bridgelux’ board of directors.

LED-based lighting technologies offer numerous advantages over current
fluorescent and incandescent solutions in a number of areas, including
reliability and light quality along with increases in both packaging
and energy efficiency. LEDs have quickly captured dominant shares
of the mobile appliance backlighting and camera flash markets, and
are rapidly appearing in small and mid-sized as well as large area
displays. While not yet widely available for consumer lighting needs,
the current generation of environment-friendly solid state lighting
technologies offers efficiencies that greatly exceed those of incandescent
lighting products, and have recently begun to rival many fluorescent
solutions in industrial and commercial applications.

Bridgelux CEO Swoboda concluded, “Any time the available resources,
technology portfolio and market potential align with an application-oriented
focus you can count on a whole new dynamic coming into play. Expect
to see Bridgelux demonstrating an accelerated pace of innovation
that yields new solutions that truly meet the market at its needs.”

About Bridgelux, Inc.

Founded in 2003, Bridgelux is a leading supplier of cost-effective,
energy saving LED chips to high-volume market segments. The company
developed and introduced the industry’s first high volume
ITO/InGaN (Indium Tin Oxide / Indium Gallium Nitride) power light
emitting diode (LED) chip and is currently delivering millions of
chips every month to customers worldwide. Customers use Bridgelux
LED chips to replace traditional bulb technologies with solid state
products that provide a powerful and energy-efficient source of
blue, green, or white light. Bridgelux chips are currently found
in mobile appliances, signage, automotive, and various general lighting
applications.

For more information visit http://www.Bridgelux.com

Contact at Bridgelux:

Gloria Fan, +1 408.329.5300 (GloriaFan@Bridgelux.Com)