Permlight Products Inc., an LED lighting manufacturer based in Tustin, California, has secured new financing that will enable the company to expand and strengthen its financial position, and to execute its strategic plan focused on growth.
Phil Frey, recently appointed as the new CEO of Permlight, said, "We look forward to working with a lender that has a reputation of enhancing shareholder value, and its belief in the prospects of Permlight and its brands. With the continuing growth in the LED market, Permlight has an unprecedented number of opportunities and we are excited about obtaining the financing to fully develop them."
Permlight designs and manufactures high-powered LED light engines for use in signs and luminaires, using patented thermal management techniques, and has a 16-year history in the industry.
ProPhotonix aims for stock market listing
ProPhotonix Limited, an independent designer and manufacturer of diode-based laser modules and LED systems, is seeking to trade its shares on AIM, which is the London Stock Exchange’s international market for smaller growing companies.
ProPhotonix changed its name from StockerYale earlier this year. Although the company is headquartered in Salem, New Hampshire, it effectively operates in Ireland and the UK.
The company manufactures chip-on-board LEDs in Cork, Ireland, using its patented chip-on-board reflective array (COBRA) technology. The company says it is "doubling [its] LED product manufacturing capacity by the end of the fourth quarter 2010" as part of its strategy is to "significantly grow the LED business over the coming several years.
This will include a move from the company's main business in machine vision into new markets such as medical and general illumination.
Arima to set up epitaxial wafer plant in Wujiang
Taiwan-based LED epitaxial wafer and chip maker Arima Optoelectronics is to build an epitaxial wafer plant in Wujiang in China's Jiangsu Province, according to a report on Digitimes.
Arima has signed an agreement with the government of Wujiang and has committed to a capital outlay of around US$30 million. The company plans to install 15 MOCVD machines at the plant by the end of 2010, and will ramp up to 30 sets in 2011.
Aixtron gains order from Long De Xin for GaN LED production
Aixtron AG, the Germany-based supplier of MOCVD systems, has announced a new order for two further CRIUS 31x2-inch configuration deposition systems from Chinese LED maker Long De Xin. The systems are scheduled for shipment in the third quarter of 2010, and will be used to make GaN-based blue LEDs (view press release).