US Startup Announces Multimillion Dollar Investment in El Salvador

Sensity Systems, an innovator in intelligent lighting systems, has announced a $490 million investment for the assembly of its products in that country, without disclosing the funding sources.

Tuesday, April 23, 2013

In the statement by the Agency for the Promotion of Exports and Investments of El Salvador (PROESA) no reference was made to funding sources. Nor is there much public information about Sensity Systems (except in their own press releases). The company will be the new face of a former start up, Xeralux Inc., of which there is not much information either.

Regarding Sensity Systems, one article can be found in MercuryNews.com, which states that its top executives are recognized specialists in high technology in the field of Silicon Valley. It is reported that the company operates with 42 employees and has in operation some beta (experimental) lighting systems, seeking customers from shopping centers and parking lots.

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