LiteSheet
The business, the turning points, and the decisions behind them.
Some sections are still being researched1 / 4
Sections to complete：02
01 / WHAT IT BUILT
What the company did
LiteSheet Solutions (founded 2012, Forest, Virginia, CEO Roger Whyte) was the 'Adaptive AC LED Technology company' — it pioneered a U.S.-patented AC-direct LED design that eliminated the failure-prone DC power supply, giving its troffer fixtures up to a 15-year warranty and efficiency over 140 lm/W. Products were DLC-qualified LED troffer families for offices and industrial spaces, made 100% in the United States, and during COVID the company launched a UV-C disinfecting cabinet (validated at Virginia Tech's Class 3 virology lab) that killed surface pathogens in under 60 seconds.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Asset sale
On 26 Jan 2023 Hilco Streambank announced sale of LiteSheet Solutions' patent portfolio, domains, trademarks, and Virginia production facility—residual/whole-asset disposition of the LED business via a distressed-asset intermediary.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
On January 26, 2023, Hilco Streambank acquired LiteSheet Solutions' intellectual property and related assets: the internationally registered patent portfolio, domain names, trademarks, and the 20,000-square-foot Virginia production facility.
- 02
The acquisition price was not disclosed.