Genlyte Thomas Group LLC, Louisville, Ky., staked its claim in the fiber-optic lighting market last week when it agreed to form a joint venture with Fibre Light International in Queensland, Australia.
Genlyte Thomas Group will own an 80% stake in Fibre Light U.S., which will have exclusive rights to all Fibre Light International products in North America, the Caribbean and other territories. Genlyte Thomas Group will acquire about 8% of the voting shares of Fibre Light International and will receive a seat on Fibre Light's board of directors.
Fibre Light International, based in Burleigh Heads, Queensland, Australia, is in the business of commercializing fiber-optic lighting technology.