Tri-Lite Discharged

Tri-Lite, which designs, makes and markets lighting systems, has been discharged from bankruptcy, according to its parent, Helionetics Inc. of Van Nuys.

Santa Ana-based Tri-Lite had filed for Chapter 11 bankruptcy protection last Feb. 26.

Helionetics said Tri-Lite’s revenues for 1997 should be between $11 million and $17 million, and that Tri-Lite expects to maintain its profitability.

Tri-Lite expects its common shares to resume trading “in the near future.”

Tri-Lite’s reorganization plan was confirmed by the U.S. Bankruptcy Court in Santa Ana. As a result of the reorganization, Helionetics owns 87.5% of Tri-Lite’s common shares.