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NEWS
Seren Photonics raises £475k to build its first pilot scale HB LEDs
Seren Photonics Ltd is pleased to announce that it has completed its first round funding, that will enable it to build its first pilot scale HB LEDs. Seren’s revolutionary new processing technique, developed by Prof Tao Wang from the University of Sheffield, greatly increases the efficiency at which a HB LED converts an applied voltage into light and significantly reduces heat generation under normal running conditions.. Successful demonstrations of the patent pending technology have so far resulted in a doubling of the light output compared to untreated devices, which means that either much brighter lamps can be manufactured or that the power consumption of state-of-the-art lamps can be reduced Seren’s technology is targeted at the large and fast growing white light HB LED markets, such as back lighting for laptops and TVs, signs and displays, as well as domestic and architectural lighting. This market is currently worth an estimated $5bn and is set to grow to $12bn by 2013. New technology is also needed in the lighting industry and HB LEDs are set to replace incandescent bulbs (most countries have agreed to scrap incandescent bulbs by the middle of the decade) provided the brightness can be increased and the cost of manufacture reduced. Seren’s funding round raised a total of £475k from a number of investors, including Fusion IP PLC, IP Group PLC and Dr Drew Nelson, founder and CEO of the global semiconductor foundry, IQE PLC. The funding will be used to purchase key capital equipment and complete several pilot scale manufacturing cycles involving Seren’s manufacturing processes. The packaged HB LEDs will be used as demonstration products to showcase the technology to larger HB LED manufacturers. Seren has already started discussions with three Far East based manufacturers. Dr Godfrey Ainsworth, appointed Chairman of Seren in May 2010, said:
“We have made significant progress with the development of this technology in recent months. Incorporation of our process technology in to packaged pilot HB LEDs will allow us to demonstrate our product to potential manufacturing partners and early adopters from the potential customer base. We are already engaged in discussions with these parties”.
David Baynes, Chief Executive Officer of Fusion IP, commented: "Seren continues to make excellent progress and we are excited by the results to date. There is a huge potential market for their revolutionary technology and we remain confident that the light output, which is already double untreated devices, will be significantly increased as the process is optimised." For further information please contact:
Dr Carl L. Griffiths, CEO +44 (0) 7974 808 674
carl@serenphotonics.com
Posted on Thu, December 9, 2010 by Dr Carl L. Griffiths « Go Back
