MONTREAL, Feb. 20, 2013 /CNW Telbec/ - The Fonds de solidarité FTQ
investissements croissance (FSIC) today announced a $3.3 million
investment in Montréal-based Lumenpulse. FSIC's partner,
Investissements W2, is injecting $1.7 million.
Created earlier in 2012 by the Fonds de solidarité FTQ, FSIC is a
partnership that employs an innovative co-investment approach to
finance mature stage Québec companies in the information technology,
telecommunications, digital technology and green technology sectors.
While other LED lighting manufacturers have their roots in either
electronics or traditional lighting, Lumenpulse's distinctive
combination of both industrial design and electronics know-how has
enabled the company to innovate ahead of its rivals and to offer more
options for sustainable interior and exterior lighting.
"Encouraging Québec companies to develop green technologies also
encourages job creation and a greener Québec," said Alain Denis, Senior
Vice-President, New Economy, of the Fonds de solidarité FTQ, and FSIC's
President. "FSIC's investment is therefore perfectly in line with our
sustainable development approach. Quebecers can be proud of companies
like Lumenpulse that showcase Québec ingenuity around the world."
"We strongly believe in the power of partnerships between private
investors and institutional investment funds to support the growth of
Québec companies through a much more entrepreneurial approach," added
Nicolas Bélanger, co-founder and senior manager of Investissements W2.
"We looked at several financial partners around the world and decided to
make our most recent investment in Québec. FSIC proved to be a partner
of choice, along with our shareholders, who all participated in this
strategic round," said in turn François-Xavier Souvay, President and
CEO of Lumenpulse.
Last week, Lumenpulse received three "Recognized Winners" awards at the
2012 Next Generation Luminaires (NGL) Solid-State Lighting (SSL) Design
Outdoor Competition. The NGL competitions are sponsored by the U.S.
Department of Energy (DOE), the Illuminating Engineering Society (IES)
and the International Association of Lighting Designers (IALD).
In Québec, Lumenpulse luminaires have been used to illuminate such
landmarks as the Mount Royal Cross, historic buildings on McGill Street
in Old Montréal, the Musée d'art contemporain, the Maison symphonique
de Montréal, the Biosphere and the Théatre du Nouveau Monde.
The company's other notable projects include the impressive Shard
skyscraper in London, BC Place Stadium in Vancouver, Soldier Field in
Chicago, General Motors Headquarters in Detroit and Åre Ski Resort in
Founded in 2006 in Montréal where it is headquartered, Lumenpulse has a
global presence through its U.S. headquarters and Global Technology
Development Center in Boston, and EMEA Headquarters in London.
About the Fonds de solidarité FTQ
Created in 1983, the Fonds de solidarité FTQ has been driving our
economy for 30 years. With net assets of $8.8 billion as of November
30, 2012, the Fonds is a development capital investment fund that
channels the savings of Quebecers into investments in all sectors of
the economy to help further Québec's economic growth. Its investments
contribute to the creation and maintenance of jobs in Quebec businesses
and favour economic development. The Fonds is a partner, either
directly or through its network members, of more than 2,000 companies.
With close to 600,000 owner-shareholders, it has helped to create,
maintain and close to 170,000 jobs. For more information, visit www.FondsFTQ.com.
About W2 Investments
W2 Investments is a private Québec investment firm that targets
high-growth potential businesses. Taking an entrepreneurial approach,
the partners guide companies in their development, maximizing their
strengths and assets without necessarily changing their business
practices or key human resources. A springboard for talent, W2 ensures
the next generation of entrepreneurs, guarantees growth and brings
added value that makes all the difference.
SOURCE: Fonds de solidarité FTQ
For further information:
Information for media representatives only:
Senior Advisor, Media Relations and Communications
Fonds de solidarité FTQ
Phone: 514 850-4835
Mobile: 514 703-5587
President and Chief Executive Officer
Telephone: 514 937-3003