March 3, 2014 – 3M says it has invested in MSi Lighting (Boca Raton, Fla.), a company with which 3M has been working for the past year on a line of LED lights for multiple applications. Terms of the investment were not disclosed.
“3M’s Light Management platform enables the company to manipulate light in different ways, and we are committed to developing high-quality LED lights,” said Gabi Sabongi, vice-president, 3M Corporate Ventures. “MSI’s technology is a great fit with 3M, and takes our business relationship to the next level in a way that complements both companies.”
“This investment allows us to further share ideas and innovations in LED,” added MSi president John Burke. “With 3M’s range of technologies and expertise in optical science, we are very excited about the future and new ways to serve customers.”