News Article
Kaistar lights up Bridgelux with $25 million investment
The LED developer will use the cash to accelerate research, development, and production of LED chip and packaging technology for general illumination applications
"The market for solid-state lighting is expected to grow from $3 billion in 2011 to more than $25 billion in 2015," said Bill Watkins, Bridgelux's Chief Executive Officer. "This investment marks the beginning of our cooperation with Kaistar to lead the transition to solid-state lighting. Kaistar's cost-competitive manufacturing capabilities combined with Bridgelux's high performance packaging solutions will continue to drive down the cost of solid-state technology for general lighting, helping to more rapidly expand the market for LED."
Kaistar Lighting (Xiamen) Co., Ltd. is a China-based firm.
