April 23, 2013 – Bridgelux Inc.—a developer and manufacturer of LED lighting technologies and solutions—and Toshiba Corp. have entered into an agreement under which Bridgelux will sell Toshiba its GaN-on-Silicon technology and related assets, and the companies will strengthen and extend their strategic technology collaboration, through an expanded licensing and manufacturing relationship.
In January 2012, Bridgelux and Toshiba entered into a Joint Development and Collaboration Agreement for the development of GaN-on-Silicon LED technologies, says Bridgelux.
This enhanced strategic relationship provides for new business opportunity through the expanded collaboration for next-generation LED chips and packages, or platforms, based on the jointly developed GaN-on-Silicon technology, as well as a manufacturing arrangement securing Bridgelux a source of supply for GaN-on-Silicon-based LED chips.
“Our agreement with Toshiba marks a tremendous milestone in our long history of working closely together, allowing Bridgelux to capitalize on our strong core LED technology platform, providing us with significant new capital for growth, and reducing our capital requirements,” said Brad Bullington, Bridgelux CEO. “This agreement also allows us to focus on what we do best…”
The GaN-on-Silicon assets included in the sale, and the related Bridgelux employees, will remain onsite at Bridgelux’s headquarters in Livermore after the transaction closes to assure continued technical and business collaboration between the companies.
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