Summary

- TIR Systems was a world leader in Solid State Lighting. TIR developed the Lexel, which is the first, fully integrated, LED-based light source, designed specifically to produce high quality white light essential for general lighting applications.

- TIR Systems required a partner with the resources and market access to help rapidly scale the business.

- TIR Systems retained Montgomery to advise on potential acquirers based on Montgomery’s domain expertise, strong industry relationships and transaction experience.

- Montgomery effectively positioned TIR’s Solid State Lighting technology as a “must have solution” and solicited interest from several leading buyers in the global lighting market.

- Montgomery drove the deal process from initial marketing and diligence to negotiation and closing.

Montgomery created a “win-win” situation:

- Montgomery’s extensive domain expertise and key relationships brought access to all key buyers and achieved a favorable result for shareholders.

- Philips added a technology to their portfolio that will encourage a more rapid adoption of Solid State Lighting and is positioned to become a new standard in the global lighting market.