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LBO Secures $1M in Funding, Signs Licensing Agreement

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Light Blue Optics (LBO) of Cambridge, England, a developer of miniature laser projection technology, announced the closing of a $1 million extension to its seed funding round. Venture capital firm 3i plc led the round, which also included investment from NESTA, the Cambridge Capital Group and other businesses. The money will enable the company to accelerate product development and follows the closure of a $2.5 million funding round in July 2006, also led by 3i plc. LBO also announced signing an exclusive licensing agreement on a key patent with Cambridge Enterprise Ltd., the University of...Read full article

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    Published: January 2007
    Glossary
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    video
    Referring to the bandwidth and spectrum location of the signal produced by television or radar scanning.
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