Bridgelux Inc , a leading developer and manufacturer of LED lighting technologies and solutions today announced that Kaistar Lighting Xiamen Co , Ltd has agreed to invest 25 million in the company Bridgelux will use the equity investment to further accelerate research development and production of LED chip and packaging technology for general illumination applications
The market for solid state lighting is expected to grow from 3 billion in 2011 to more than 25 billion in ” said Bill Watkins Bridgelux’s Chief Executive Officer This investment marks the beginning of our cooperation with Kaistar to lead the transition to solid state lighting Kaistar’s cost-competitive manufacturing capabilities combined with Bridgelux’s high performance packaging solutions will continue to drive down the cost of solid state technology for general lighting helping to more rapidly expand the market for LED ”
About Bridgelux
Bridgelux is a leading developer and manufacturer of technologies and solutions transforming the 40 billion global lighting industry into a 100 billion market opportunity Based in Livermore California Bridgelux is a pioneer in solid-state lighting SSL expanding the market for light-emitting diode LED technologies by driving down the cost of LED lighting systems Bridgelux’s patented light source technology replaces traditional technologies such as incandescent halogen fluorescent and high intensity discharge lighting with integrated solid-state lighting solutions that enable lamp and luminaire manufacturers to provide high performance and energy-efficient white light for the rapidly growing interior and exterior lighting markets including street lights commercial lighting and consumer applications With more than 600 patent applications filed or granted worldwide Bridgelux is the only vertically integrated LED manufacturer and developer of solid-state light sources that designs its solutions specifically for the lighting industry For more information about the company please visit a href=”http://www bridgelux com target=”_blank”>www bridgelux com
