News in brief: Lamina award, Super Vision results, Onscreen patent
Lamina has won a Platinum ADEX award, Super Vision has reported $12 million in revenue for 2005, and OnScreen has acquired thermal management technology.
Lamina's BL-4000 Warm White LED light engine, launched in November 2005, has been named a Platinum award winner for Lighting in the Awards for Design Excellence (ADEX) competition, sponsored by Design Journal magazine.
ADEX is the largest and most prestigious awards program for product design of furniture, fixtures and finishes marketed to the design trade.
The 2006-07 ADEX Awards attracted upwards of 500 companies submitting more than 1,500 innovative new products.
Lamina's BL-4000 Warm White LED light engine features a warm, eye-pleasing light quality similar to popular halogen and tungsten incandescent lamps. More than 3 times brighter than any other commercially available warm white LED array, the BL-4000 Warm White delivers 95 lumens – nearly as much light as a 10 Watt halogen bulb – while consuming only 5.3 Watts of electricity. Its usable lifetime (rated at 50% of original brightness) is 3 to 4 times longer than the longest lived halogen. It is also smaller than a US nickel.
Super Vision reports $12 million in revenue for 2005
Super Vision International reported that its total revenue for the 2005 increased to $12.0 million compared with $11.9 million in 2004, driven by a 21% increase in LED revenue in 2005 offset by a 15% decrease in sales of fiber-optic lighting products.
In 2005, revenue from LED lighting systems surpassed revenue from fiber-optic lighting systems for the first time in the company's history. LED and fiber-optic revenues accounted for 49% and 47% of the company's sales, respectvley.
The net loss for the year was approximately $488,500 or ($0.19) per basic and diluted share as compared to a restated net loss of approximately $401,400, or ($0.16) per basic and diluted share for 2004. The increase in net loss was driven primarily by increased R&D expenses, legal fees, wages, benefits and a one-time severance expense.
New President and Chief Executive Officer Mike Bauer explained that repositioning Super Vision to capitalize on the emerging market for solid-state LED lighting systems and controls was one of the company's primary goals in 2005. "The overall market for high brightness, solid-state lighting systems is estimated to grow at over 20% in the next several years. Our goal is to capitalize on this opportunity and become a leader in the market."
"Sales to date of our new SaVi(TM) brand of architectural LED lighting products that we began shipping last April have exceeded $1 million and we have introduced three new state-of-the-art high density array LED SaVi(TM) products that we expect to start shipping in the 2nd quarter of 2006. In addition, during 2005, we filed six new patent applications and were issued another patent in December, bringing our total number of issued patents to nineteen."
OnScreen acquires thermal management technology
LED display manufacturer OnScreen Technologies has acquired all rights to "WayCool", a thermal cooling technology. The WayCool technology was acquired for $800,000 from CH Capital, a private company controlled by two Onscreen directors and shareholders.
OnScreen says that this strategic acquisition will further enhance its portfolio of highly differentiated LED products and enable the company to explore commercial applications in other electronics markets.
WayCool thermal cooling technology enables designers of electronic systems and subsystems to transport heat effectively at very high rates, increasing the performance and duty cycles of electronic components.
These thermal management techniques foster rapid cooling without active cooling devices such as fans, air conditioners or other mechanical aids. The majority of failures in electronics, estimated as high as 80 percent, are due to the limitations of heat dissipation or the inability to transport heat effectively.
"OnScreen was able to solve critical issues associated with LED technology that greatly advanced the performance of LED signage, which is inherently plagued by heat and power consumption," said Charles Baker, President and CEO of Onscreen Technologies.
"We believe the commercial opportunities with WayCool to industries that struggle with heat dissipation issues, such as semiconductor and electronics packaging, present a tremendous growth opportunity for Onscreen and are a natural extension of the development we've done in this area over the past few years."