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We continue to invest in extending our vertical integration

Commenting on the outlook for the second quarter of 2012, Mr. Parvez said, “We expect revenue in the second quarter of between $15 and $18 million. With the improvement in the Led linear high bay light, we expect to ship a record volume of two- through four-inch cores into that market in the second quarter. However, we expect core pricing to remain low in the second quarter and to begin to improve in the second half as sapphire inventory levels decline. Revenue from six-inch polished wafers should begin to improve in the second quarter, and we have good visibility on stronger six-inch polished wafer growth in both the LED and SoS markets in the second half. However, underutilization of our slicing and polishing operations and low core pricing will pressure margins in the second quarter, and we expect a loss of $0.10 to $0.14 per share for the quarter, assuming a share count of 22.5 million and a tax benefit at a rate of approximately 40%.”

Mr. Parvez continued, “We continue to invest in extending our vertical integration, including raw material preparation and wafer patterning, as we believe that our ability to control quality and cost through the entire sapphire production process is a key differentiator for Rubicon that will enable us to maintain our leadership in this market.”

Advanced Lighting Technologies, Inc. (ALT) proudly announced the achievement of a high-efficiency and highly reliable LED lamp driver solution (LED driver) comprising no bulky, unreliable components such as capacitors, coils or EMI filters. Unlike the few other companies announcing similar products, ALT’s target is to offer an ultra reliable “AC LED Light Engine” comprising only an LED array and a tiny 8 pin or 16 pin chip, requiring no other parts except two wires to connect to the AC outlet. The ALT LED driver is fully compatible with all dimmers, is over 90% efficient and has a power factor greater than 0.95.

Working printed-circuit board prototypes to be unveiled at next week’s LightFair Conference in Las Vegas demonstrate proof of concept and the technology. Because there are no reactive parts in the Led high bay light driver circuit, the entire LED driver can be reduced to a single ASIC chip or be embedded as an IP block in a customer-specific system-on-a-chip. ALT will be conducting meetings with potential partners by appointment at LightFair2012 as well as offering daily 8:00 AM morning technology briefings May 8 - 11 at the company’s demo suite.

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