Bridgelux Attracts $25M Investment
LIVERMORE, Calif., Feb. 13, 2012 — Kaistar Lighting (Xiamen) Co. Ltd. of Xiamen, China, will invest $25 million in Bridgelux Inc., an LED lighting technologies and solutions manufacturer, the US company announced.
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 2015,” said Bill Watkins, CEO of Bridgelux.
“This investment marks the beginning of our cooperation with Kaistar to lead the transition to solid-state lighting,” he said. “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.”
For more information, visit: www.bridgelux.com