James Mckenzie, CEO of PhotonStar LED Group
PhotonStar LED Group 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 company has not disclosed the name of the LED chip manufacturer nor the financial terms of the non-exclusive patent license agreemeent. But it said the deal is 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 syas it has an IP platform consisting a total of 15 patent families covering 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, said: "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."
