PhotonStar LED Group Plc. Announces IP Licencing and Design Services Supply Agreement
PhotonStar LED Group plc (AIM: PSL, "PhotonStar" or “the Group”), the British designer and manufacturer of smart LED lighting solutions, has signed its first licensing agreement for its next generation chip design patents and an associated design services supply agreement, with a leading LED chip manufacturer.
The financial terms of the non-exclusive patent license agreement have not been disclosed, but are expected to start to have an impact on PhotonStar’s revenues in 2014, when the resulting LED chips are to be brought to the market by the manufacturer.
PhotonStar has a substantial IP platform, comprising a total of 15 patent families covering advanced LED chip design, optimal low cost packaging, advanced colour mixing and control. The LED chip patents dating back to 2008/9 are now mostly granted in Europe and progressing through the international phase. The Group recently received its first Chinese patents and continues to further develop its chip IP.
James Mckenzie, CEO of PhotonStar LED Group PLC, commented:
“Licensing our LED chip design IP to third parties will be a key part of our business going forward, and will be a clear demonstration of the substantial value in our IP.
“This agreement is a major validation of our LED chip design approach and is expected to produce LED chips with extremely high levels of chip light extraction, making them some of the lowest cost and most efficient chips available on the market.”
About Photonstar:
PhotonStar LED Group PLC (“PhotonStar” or the “Group”) is a British designer and manufacturer of smart LED lighting solutions. The Group’s proprietary technology seamlessly integrates LEDs, sensors and controls to provide intelligent lighting for commercial and architectural applications which benefit from greater CO2 reduction, lower cost of ownership & improved functionality compared to other available light sources.
Photonstar’s lighting products have won numerous awards for performance, innovation and reliability, and are unique in the industry for the use of recycled, and recyclable materials, which
means they have 90% less embodied CO2 than equivalent products providing the same levels of illumination.
PhotonStar comprises two divisions: LED Lighting Fixtures which works with lighting designers, architects, house builders, facilities management companies and sustainability consultants to provide intelligent, high-end LED lighting solutions for the commercial and architectural market, and LED Light Engines which provides LED lighting solutions for specialist applications such as film & television production lighting, UV curing and medical applications.
PhotonStar is based in Romsey, Hampshire with manufacturing in Wales.
