Lumenetix Management Team:

Jim Kingman

Founder and CEO, Lumenetix

Mr. Kingman is founder and CEO of Lumenetix, and also was the founder of the contract manufacturing company InnerStep. As CEO of Lumenetix, Mr. Kingman leverages his extensive background in outsourcing services, supply chain management, advanced technologies and new product introductions to lead the Company.

Prior to Lumenetix, Mr. Kingman was CEO of InnerStep, and utilized the company as a platform for launching various venture-backed companies over the past 15 years. He served as CEO in many of these companies, including Dynamic Image Technologies, Factory Automations Services, AGA Trading and Digital Signage Networks.

Previously Mr. Kingman worked in venture capital, and he also held several senior marketing positions with Emerson Electric, both in the US and in Europe. He holds Bachelor of Science degrees in Physics and Electrical Engineering from Bucknell University and an MBA from Stanford University.



Matt Weaver

Founder, CTO and Chief Architect

Mr. Weaver sets the overall LED technology and architecture direction for Lumenetix. He brings to his role an extensive background in mechanical engineering, and is credited with a range of innovations in Lumenetix LED lighting designs.

Previously he was Adjunct Professor in the Engineering Department at Cabrillo College, where he designed a high-efficiency regenerative vehicle drive system. He was also Senior Research Engineer for Theidea, where he modeled and tested high-efficiency internal combustion engines and developed a solar photovoltaic concentrator system.

Mr. Weaver held the Guinness World Record for the World’s Fastest Human Being on a Human-Propelled Vehicle, both a physical and an engineering feat that later influenced a Lumenetix product design. He holds a Bachelor of Science degree in Mechanical Engineering from the University of California at Berkeley.



Sanjoy Ghose

Vice President, Engineering

Dr. Ghose directs all engineering efforts for Lumenetix LED technology.

Formerly he served as Vice President of Engineering for disk drives at Seagate Technology, where he planned, designed and qualified multiple generations of new products for over 14 years. His position included design, Far East transfer and support, and customer qualification of desktop and mobile disk drives, and he was responsible for three design centers with over 350 engineering personnel. He also served as Vice President of Engineering for magnetic head company Read-Rite Corporation, where he directed customer qualification and engineering support for the company’s Thailand manufacturing plant. He was also Executive VP of Engineering at Holographic Storage Company Siros Technologies and Executive VP and CTO for HDD manufacturer Micropolis Corporation.

He holds a Master of Science degree in Mechanical Design from the University of California at Berkeley and a PhD in Mechanical Engineering from Stanford University.



Jeffrey Saake

Executive Vice President

Mr. Saake is responsible for sales, marketing and business development.

Most recently, Mr. Saake was President and CEO of Aurora Systems (OVTI), a fabless semiconductor company that developed micro imagers and drivers for embedded consumer, medical, military and cell phones applications. Prior to Aurora, he was with Panasonic where he held various executive positions at Panasonic including Vice President and General Manager of the Computer Technologies Group and Vice President of Corporate Strategy. While at Panasonic, Mr. Saake was directly involved with the market introduction of several mass market technologies, including DVD-ROM/RAM, Secure Digital (SD) and BluRay.

Mr. Saake holds an MA in Econometrics from Keio University, Japan, where he focused on the theory of foreign exchange and a BA from the University of California, Berkeley.



Michael Blanchette

Vice President, Operations

Mike is responsible for Operations at Lumenetix, including manufacturing, supply chain, and order management. He has more than 25 years of experience managing and improving operations, product development, marketing operations and customer service functions across electronics, high tech, and medical device industries. Mike was a partner with PRTM Management Consulting and has been with numerous start-ups through Fortune 100 companies.

Mike holds a Bachelor of Science in Physics from the University of California, Santa Barbara, and an MBA from the University of California, Berkeley. He was certified in Production and Inventory Management (CPIM) by APICS.


Lumenetix Board of Directors:

Douglas Herst

Chairman of the Board

Mr. Herst is a founder of Lumenetix. He is also CEO and Chairman of Herst Ventures Inc, a firm that emanated from the sale of Peerless Lighting Corporation to Acuity Brands (AYI on NYSE) in 1999. He was engaged by Acuity after their acquisition to lead Peerless and was then given the responsibility of two other lighting brands, Hydrel and Gotham, until he left at the end of 2006. Mr. Herst is a forty-year pioneer of indirect lighting systems for schools and offices and holds over twenty utility patents and fifty design patents in the field of illumination in the US, and ten patents in other countries.

Two of Mr. Herst’s patented designs won 'Best In Category' and one was selected as 'Best In Show' at Light Fair International, an annual international exposition of lighting. One of his patented lighting designs won the 'Governors Award' for the State of California for product innovation in the Medium Size Business Category.

Mr. Herst holds a B.S. in Business Administration from the University of California at Berkeley. He is past Chairman of the Board of Directors of the Northern California Chapter of the World Presidents’ Organization and the Golden Gate Chapter of the Illuminating Engineering Society.



Paul Utterback

Member of the Board

Mr. Utterback spent 42 years in the banking industry, managing and acquiring banks. He has served on the boards of directors of numerous foundations, hospitals and community organizations. He has developed expertise in management, administration and finance. Mr. Utterback holds degrees in economics and finance from the University of Missouri, and he is also a graduate of the Wisconsin School of Banking.



Sam Lee

Member of the Board; Managing Director, Infinity Capital

Mr. Lee is currently a private investor in early stage, core technology and alternative energy areas. He has invested in over 50 early stage companies over the past two decades, where he has been instrumental in guiding entrepreneurs as they take their concepts and build them into market leading enterprises. He currently serves on the Board of Directors of several private technology companies. Previously, he was the founder and managing director of ITV & Infinity Capital and also served in technical development and product management roles at Advanced Micro Devices and LSI Logic.

Mr. Lee received his MBA from The Wharton School of Business at University of Pennsylvania, a ME in Electrical Engineering from Texas A&M University, and a BS in Electrical Engineering from Mississippi State University.

Greg Ennis

Member of the Board; Managing Director, Peninsula Ventures

Mr. Ennis is a co-founder and Managing Director of Peninsula Ventures, an early stage IT venture fund. Over his 20+-year venture career, he has invested in dozens of early stage technology companies. He currently serves on the board of several private companies. Prior to Peninsula Ventures, he served as Managing Director for the US office of Thompson Clive & Partners, a London-based venture firm.

Mr. Ennis holds an MBA from The Anderson School at UCLA and an AB in Economics and Political Science from Stanford University. Greg is also a Director and past President of the Stanford University Department of Athletics (DAPER) Investment Fund.



Konrad Jarausch

Mr. Jarausch is an entrepreneur in residence at the Capricorn Investment Group where he provides analysis for Capricorn Libra investments and assists their portfolio companies.

Mr. Jarausch is currently incubating a new company focused on improving value capture from technology innovation in lighting. Prior to joining Capricorn, he led Passport Capital’s public market (long-short) and venture investments in clean-tech/energy, materials and nanotechnology. While at Passport, he developed a deep understanding of markets, supply chains, and business models, which informs his approach to generating risk-adjusted investment returns. He has been investing across the technology life-cycle, from experimental early-stage companies to mature commodity markets, while working closely with other investors to share perspectives and build deal-leading syndicates.

Before becoming an investor, Mr. Jarausch led product development and marketing efforts for Hitachi’s analytical instrumentation division where he worked with semiconductors, materials, solar, battery and nanotechnology researchers and companies. He started his Silicon Valley career in the late 90s working on a development line at Intel Corporation. At Intel he managed the failure analysis group in the yield organization, and led cross-functional teams to drive manufacturing, process, product and materials improvements. Prior to joining Intel, he worked at Sandia National Laboratory where he focused on the characterization and synthesis of nanomaterials.

Mr. Jarausch has a PhD in Materials Science from North Carolina State University, where he was trained as a microscopist to study the structure-property relationships of materials. Throughout his career, he has sought-out opportunities to integrate skills from different disciplines to solve complex problems and create value.