Genlyte Thomas Group LLC (GTG) has reached an agreement to acquire the assets of Rosco Entertainment Technology, a subsidiary of Rosco Laboratories (Rosco) of Stamford CT, a privately held corporation. Rosco Entertainment Technology is a manufacturer of entertainment lighting equipment and controls, including the Intelligent Power System (IPS) line of theatrical dimming equipment, and the family of Horizon lighting controls. GTG plans to operate the business under the name Entertainment Technology, reverting to a name familiar to the theatrical lighting industry. Larry Powers, president and chief executive officer of Genlyte Thomas, commented: "We are pleased with the potential for this acquisition to enhance our commercial lighting products package. We intend to focus Entertainment Technology (ET) on providing innovative products into the educational, hospitality, theatrical, and theme park markets. Although the expected sales during 2002 will be less than $5 million, there is potential for the ET product package to increase our market penetration and product offering into existing GTG markets. The technically innovative and leading edge IPS dimming products of ET have a place not only in the theatrical and entertainment markets, but also in architectural markets where we are already successful."

Rosco is entering into an agreement with GTG to represent select ET products. Stan Miller, president of Rosco Laboratories, commented: "We will benefit in several ways with this melding of GTG’s manufacturing strengths and ET’s products. We, too, are very excited about the prospects this combination can bring to Rosco."

Gordon Pearlman, President of Rosco Entertainment Technology, is enthusiastic about the agreement. "We couldn’t have picked a better company to align with," he said. "GTG has the strengths in both marketing and manufacturing to take our technology to an entirely new kind of user. Now, architectural and residential lighting will benefit from quiet and powerful IPS dimming technology."

Genlyte Thomas Group (GTG) is one of North America’s leading manufacturers of lighting fixtures and controls for commercial, industrial and residential markets. Headquartered in Louisville, Kentucky, GTG is owned jointly by the Genlyte Group Incorporated and Thomas Industries Inc.


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