A YORKSHIRE-based company that is developing high-brightness light emitting diode (LED) technology is set for rapid growth.
Fusion IP, the company that turns university research into business, yesterday revealed that one of its portfolio companies, Seren Photonics, had raised £1.8m to speed up the commercialisation of its LED technology. The equity funding will enable Seren to transfer its technology to manufacturing partners around the world. The first of these agreements was recently signed with an Indian manufacturer.
Seren’s processing technique has been developed by Professor Tao Wang from the University of Sheffield. Seren’s technology is aimed at the large and fast growing ‘white light HB’ LED markets, such as back lighting for laptops and TVs, signs and displays, as well as domestic, architectural and street lighting.
Dr Godfrey Ainsworth, Seren’s chairman, said: “HB LEDs are set to replace incandescent lamps as governments around the world bring in legislation banning the manufacture and sale of incandescents.”