Lumexis Corporation Update

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Press Release:

“On June 22, 2016, due to liquidity constraints, Lumexis Corporation (“Lumexis”) suspended many aspects of its business operations and was forced to terminate the majority of its personnel. Over the past few weeks, the Lumexis Board, Company President (Lou Sharkey) and CFO (Marty Breen) have been actively engaged in a process to find an acquirer for the Company/Assets. Lumexis is currently in discussions with multiple groups regarding a potential transaction. The Company expects to conclude this process in the coming weeks.”

“During this period the Company has been in constant communication with its customers and suppliers. Lumexis management is grateful for all the support received from their customers, supply chain and industry partners during this transition. As more updates and clarification on the future of Lumexis become available, further updates will be openly communicated.”

“Questions to Lumexis may be addressed to ‘lsharkey@lumexis.com’. Please note that due to the volume of inquiries from various interested parties, Lumexis may not be in a position to respond to calls or messages in as timely a manner as we would like.”

Some Relevant History:

If you are new to the IFEC industry you may not know about the elegant fiber optic IFE solution that the Lumexis folks in Irvine developed starting in 2003. We thought you might find some of the highlights from the last decade. Here is a bit of background:

  •  March 2009: US Airways trial of the next generation in inflight entertainment system FTTS (Fiber Optic to the Seat) by Lumexis. Link
  • November 2009: Lumexis Corporation secures $15 million investment led by Perseus, LLC and wins large airline order. Read the full story.
  • June 2010: Their first customer, flydubai… 44 B737-800’s will be post delivery modified in the US and that each seat will have a Lumexis display that acts as an entertainment portal with credit card swipe capability. Read the full story.
  • April 2011: TRANSAERO Airlines of Russia, today joined Lumexis CEO Doug Cline in announcing the airline’s selection of Lumexis’s cutting-edge FTTS (Fiber-To-The-Screen[R]) technology, to begin immediately with full-cabin retrofit of four 373-seat Boeing 777-300s this year and three 522-seat B747-400s starting first quarter of 2012. The full story.
  • February 2012: Pacific Royale Airways, today joined Lumexis® CEO Doug Cline in announcing the airline’s selection of Lumexis’ cutting‐edge FTTS® (Fiber‐To‐The‐Screen®) technology, to begin building out its fleet of A320 aircraft with five installations in 2012. Read More.
  • April 2013: Leading international air carrier Turkish Airlines, winner of the coveted Best European Airline Award from Skytrax for two consecutive years, announced that it has selected Lumexis Corporation’s Fiber-To-The-Screen® (FTTS) fiber optic IFEC system for installation into two of its existing A330 fleet aircraft. The full story.
  • April 2013: Lumexis’s Second Screen concept, we contacted Rich Salter and asked about the product, but first, a few words about what it is. The concept is so simple, you are probably using a similar concept at home while watching TV or reading this email. Sitting in front of almost any work or household screen (TV, computer, whatever) you probably have another connectivity device for checking mail, tweets, Facebook, LinkedIn, etc. In other words you are multitasking, because you can. The beauty of the Lumexis Second Screen feature is easy to see. The full Hot Topic.
  • April 2014: Lumexis has taken a revolutionary step forward in terms of IFE touch screen aesthetics and functionality with the launch of its new Fast Adaptable Swipe and Touch (FAST) graphical user interface (GUI). The full story.
  • April 2015: “Lumexis has taken another industry-leading step forward with the launch of its unprecedented new iPAX in-flight entertainment (IFE) product – a wireless-streaming in-seat system at the ultra-low price of $1,495 and weight of only 8.9 ounces per seat.” And lets face it, delivering a wireless connectivity cloud solution to seatback IFE is a lot cheaper than running cable bundles of wires to each seat via routers and division multiplexers. But, the really interesting story here is that Lumexis announced the price up front. We do not remember an IFE hardware provider ad that gave prices in our 22 years of publishing – so this is a first. Let’s read on “Some three-fourths of single-aisle aircraft fly on short-to-medium haul routes that could never before benefit from embedded IFEC,” said Lumexis CEO Doug Cline. “That paradigm is turned upside down with iPAX, truly the first cost-effective HD video tool for earning significant new ancillary revenue from offering a diversity of products and services.” Read the full story.
  • May 2015: Lumexis Corporation today announce that their Lumexis Fiber-To-The-Screen® (FTTS®) In-Flight Entertainment system has been made offerable for linefit on both the 737 NG and 737 MAX families of aircraft. Read the full story.
  • September 2015: Lumexis Corporation today announced that their Fiber-To-The-Screen® (FTTS®) In-Flight Entertainment system has been selected by Caribbean Airlines for installation on their fleet of B737 aircraft. Read the full story.

Additionally, we should note that the Lumexis Corporation has some of the best employees we have ever worked with. We would like to close this news piece by asking our readers who might have a requirement for some very good technical and business people to consider these folks as potential assets to your companies. If you need more information on how to contact Lumexis see the above press release; however, we will be happy to forward any contact information you require.

Lastly, one of the best parts of working in technology is the association of smart and innovative people who can think how a technology could eventually become a product. In the case of Lumexis, one meeting in the 2004 time-frame clearly remains in our memory. This was a meeting with Doug Cline, Rich Salter and IFExpress. They carried a dissected future IFE computer that interfaced with the fiber optic data network, it had all the participants giddy with a visualized future of inflight entertainment. At the time, this was the newest thing ‘with virtually unlimited’ IFE bandwidth and the discussion and vision of the future could almost be seen as the meeting drifted into the evening. Make no mistake, It is meetings like these in aviation and information technology that are a creative joy to participate in, and events like this that make this industry worthwhile. Stay Tuned!

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