High-tech, low-voltage lighting firm files for bankruptcy

St. Pete tech firm LumaStream files for bankruptcy but sees light at the end of the tunnel.

  • By Business Observer Staff
  • | 6:00 a.m. February 21, 2020
File. LumaStream founder and Chairman Eric Higgs says bankruptcy will not be the end of the St. Pete lighting technology firm.
File. LumaStream founder and Chairman Eric Higgs says bankruptcy will not be the end of the St. Pete lighting technology firm.
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LumaStream, a St. Petersburg tech company that has spent a decade working on direct current, low-voltage LED light systems in an effort to disrupt the 140-year-old lighting industry, has filed for Chapter 11 bankruptcy protection. One of the key lessons is an old business truism: Capital is everything — even when your product is well-received. 

 

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