Intematix, a manufacturer of patented phosphors and phosphor components for superior quality LED lighting, recently declared that it has been granted $16.2 M in funding for growth capital from a new financial investor and existing investors Crosslink Capital and Draper Fisher Jurvetson.
Intematix intends implementing the recent investments to meet the challenges faced by the LED industry. It includes increasing the production of ChromaLit remote phosphor products and phosphor products, facility expansion, and working capital.
The Chief Financial Officer for Intematix, Maurice Carson says that LED technology holds major potential in the lighting industry, which can be backed by Intematix phosphors and remote phosphors serving as chief components. The new investment will allow the company to further expand its capabilities as it caters to the light quality demands existing in the general lighting and display markets.
Despite the increasing efficiency achieved with lighting LEDs, it faces certain limitations with its small form-factors such as color quality and thermal management. Intematix phosphors offers white light similar to conventional sources and ChromaLit remote phosphor systems have been demonstrated to deliver more efficient cooling, thereby contributing to compact light bulb solutions.
According to Intematix’s board member and partner at Crosslink Capital, Alain Harrus, Intematix is a major supplier that delivers the ideal light quality required for general deployment of LEDs in lighting. Intematix is well-established to ensure global expansion and availability of its solid-state lighting technology. Furthermore, it can also gain inspiration from a strong market objective on the quality of light.
Source: http://www.intematix.com/