SolaRight Lighting LLC has bought the intellectual property rights, product rights and worldwide manufacturing and distributing rights of SolarCap Infinity Inc. Financial terms weren’t announced. Seoul-ased SolarCap makes and markets patented solar lighting products for public safety and hardscape markets. SolaRight is backed by Square Deal Capital.
OKLAHOMA CITY–(BUSINESS WIRE)–SolarCap Infinity, LLC (SolaRight) has acquired the intellectual property rights, product rights and worldwide manufacturing and distributing rights of SolarCap Infinity, Inc., the inventor, manufacturer and marketer of patented solar lighting products for public safety and hardscape markets. Since its founding in 2003 in Seoul, South Korea, SolarCap Infinity has pioneered innovative and patented solar technology that delivers unmatched performance and longevity. SolaRight was established in February of this year after acquiring exclusive distribution rights of the SolarCap Infinity products in North America through its acquisition of Next Gen Solar, based in Edmond, Oklahoma. The acquisition comes after SolaRight experienced encouraging sales results and positive customer feedback about the product line.
“SolarCap Infinity has created a very impressive product line that performs better than any solar product on the market,” said Rob McLaughlin, President of SolaRight. “In addition to decorative commercial and residential applications, we are particularly excited by the opportunity to positively impact safety in the transportation sector with internally illuminated pavement markers that create a runway effect on darkened roadways.”
SolaRight will establish US production of the product in Oklahoma City in the coming months while Korean manufacturing continues.
About SolaRight Lighting, LLC
SolaRight Lighting, LLC was formed in February 2015 and is owned by Square Deal Capital, an Oklahoma City based private equity firm established in 2013. For sales and product information contact Mike Gilliland, Marketing Director at email@example.com or 405.613.8684.