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NanoLumens® today announced a precedent-setting Six-Year, Zero Failure Warranty Program, effective for all NanoLumens displays purchased from September 1, 2013. According to Karen Robinson, Executive Vice President of Business Development, the new warranty covers everything, down to a single LED.
“NanoLumens displays are designed, engineered, and manufactured to the very highest quality standards,” Robinson said today. “Our Six-Year, Zero Failure Warranty Program underscores our belief that NanoLumens displays are second to none in quality.”
According to Robinson, other LED display manufacturers can leave customers exposed to a 0.5% LED failure rate. “It may seem low at first glance. However, if you own a display that has one million LEDs, you will face the reality that 5,000 individual LEDs need to be defective before your warranty covers repairs. At NanoLumens, this is unacceptable. We promise customers zero failure coverage, an industry first that establishes a new benchmark for other LED manufacturers to try to meet.”
The new warranty covers the entire display from corner to corner, including all parts and controller devices, sold by NanoLumens to end users, resellers, and distributors, effective from the date of shipment. NanoLumens warrants to the end user that the display will be free from defects in material and workmanship under normal use as intended by NanoLumens for the warranty period and applies only to the displays as originally installed at the end user location. For more information about the new warranty program, please contact Clay Montaigne at cmontaigne@nanolumens.com.
Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, announced today it has provided a credit facility to NanoLumens®, the rapidly growing Atlanta-based manufacturer and marketer of award-winning flexible and fixed LED displays. Proceeds from the facility will help fuel continued growth for the company.
“Square 1 Bank has a demonstrated record of success in helping entrepreneurs and their companies rapidly scale their business,” Nanolumens President and CEO Rick Cope noted. “The proceeds of this new credit facility will help us to better meet the rapidly growing demand for our solutions while we continue to develop a host of new products for both current and new markets. The strong and consistent support of our partners at Square 1 Bank is going to play an important role in our continued success.”
Peter Meath, co-founder and senior vice president in Square 1 Bank’s technology banking group added, “I was very impressed with the vision, experienced management team and long-term business plan of Nanolumens. Square 1 is excited to be a part of their continued success in the digital signage space.”
About Square 1 Bank:
Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1’s expertise, focus, and strong capital base provide flexible resources and unmatched support to meet our client’s needs. The bank offers tailored products and solutions aided by the latest in technological innovations. Square 1 has offices coast to coast in Austin, Boston, Denver, Durham, Los Angeles, New York, San Diego, Seattle, Silicon Valley and Washington, DC. For more information, visit square1bank.com.
