Advanced Lighting Technologies, Inc.

Saratoga acquired Advanced Lighting Technologies, Inc. by co-sponsoring a Chapter 11 bankruptcy reorganization plan with the Company management, including its founder. Advanced Lighting is a world leader in designing, manufacturing and marketing of metal halide and other lighting products, including materials, system components, systems and production equipment. The business was previously publicly-traded on the Nasdaq exchange. Originally spun-off from General Electric, Advanced Lighting is a vertically integrated industry leader with a proven ability to continually innovate and market new applications of metal halide products. The business has three primary operating units: Venture Lighting International, a leading manufacturer of metal halide lamps and ballasts; APL Engineered Materials, the world’s leader with approximately a 95% share in key dose materials for metal halide and high-pressure sodium lighting products; and Deposition Sciences, Inc., developer and manufacturer of advanced optical thin film coatings and deposition coating machinery for industrial and military applications including specialty coatings for high energy efficient lamps.