news digest ♦ LEDs
Nyman, Ville Moilanen and Kimmo Jokelainen. CEO and co-founder Petri Nyman has extensive experience in start-ups, as well as in the management of growth companies. Co-founders Ville Moilanen and Kimmo Jokelainen have a research background with VTT and have been instrumental in developing the core innovations behind this new technology.
VTT Technical Research Centre of Finland is the largest multi-technological applied research organisation in Northern Europe. VTT provides high-end technology solutions and innovation services. The mission of VTT Ventures Ltd is to extract value from VTT technology by developing the international growth potential of VTT-based high-tech companies.
VTT Ventures, together with its public and private innovation partners, provides entrepreneurs with professional business development support to facilitate the spin-off process, from business planning through to funding. VTT Ventures co- invests in its spin-offs with private investors. The goal of VTT Ventures is to stimulate innovation in Finland and to receive a return on its pre-seed and seed capital investments.
Lumichip is a provider of customised LED lighting components. Lumichip designs, manufactures and markets proprietary LED components and specialised COB devices, and offers custom designs and manufacturing services for high power LED light engines, special luminaires and multi- wavelength modules for lighting and industrial applications. The development and manufacturing operations in Asia and Europe provide customisation and service support for its worldwide client base.
LightTherm is an ODM designer and manufacturer of thermally highly efficient LED structures, components and designs. LightTherm’s patent pending technologies enable the use of new materials in LED luminaires and LED engine components, resulting in greater design and manufacturing freedom and high quality light and lumen output from all its designs. LightTherm operates with customers and partners globally.
Rubicon secures $25 million revolving credit facility
The financing to the sapphire substrate manufacturer strengthens its liquidity position
Rubicon Technology, Inc. has announced the closing of a three year $25 million secured revolving credit facility with Silicon Valley Bank.
“This undrawn credit facility bolsters Rubicon’s strong liquidity position,” says William Weissman, Chief Financial Officer of Rubicon Technology. “We believe it is prudent to establish this additional financial flexibility for the future.”
Rubicon currently has no debt.
The terms and conditions of the credit facility will be described in the company’s filings with the Securities and Exchange Commission.
GE Lighting takes on new CEO in EMEA region
Agostino Renna has been named president and CEO of GE Lighting Europe, Middle East & Africa
The appointment of Renna is effective immediately.
Agostino Renna, President and CEO of GE Lighting, EMEA region
Renna, who will report to GE Lighting president & CEO Maryrose Sylvester, succeeds Phil Marshall who has led GE Lighting Europe, Middle East & Africa, since 2008. Marshall has left GE Lighting to pursue a position outside of the company.
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www.compoundsemiconductor.net January/February 2013
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