the last year is also taken as an indication that necessary improvements in size

The significant equity infusion received by the Company from this group of world-class institutional investors is expected to be sufficient to finance Lighting Science Group's strategy to achieve profitability.

As part of this transaction, the Company has agreed to appoint a Director designated by Zouk Capital to fill the current vacancy on the Board of Directors.

Currently, the report suggests the OLED market struggles on account of several separate factors. It highlights the fact that because OLEDs are classed within the luxury market the prospect of increased interest and development could be a called into question in times of reduced wealth and higher unemployment. The report also argues that potentially lucrative office lighting market is still looking very elusive.

The fact that little news has emerged from the sector in the last year is also taken as an indication that necessary improvements in size and performance have not been achieved.