Breaking

U.S. Natural Gas Futures Drop Below $3 for First Time Since 2012
Tweet TWEET

Bridgelux Celebrates Ten Year Anniversary as Key Leader in LED

Bridgelux Celebrates Ten Year Anniversary as Key Leader in LED
Lighting Market 
To Commemorate the Event, the Company Shows Off LED That Has Been
Running Continuously in Testing for Over Five Years 
LIVERMORE, CA -- (Marketwire) -- 12/18/12 --  Bridgelux, a leading
developer and manufacturer of LED lighting technologies and
solutions, celebrates its tenth anniversary this month and, to
commemorate the event, the company announced that one of its LEDs has
completed 48,000 consecutive hours of reliability testing.  
The Bridgelux MKO 45mm LED chip -- one of the first high-power Indium
Tin Oxide (ITO) technology LED chips developed for commercial
applications -- continues to deliver 97 percent of its initial lumen
output in the test, which has been going continuously, 24 hours a
day, for a record 48,000 hours or 5.5 years. The chip is on track to
deliver a lifetime performance of over 120,000 hours, or nearly 14
years, while still delivering 70% of its initial lumen output at
elevated temperature and current. 
"We believe that this may be the longest continuous reliability test
for this ITO power chip generation," said Steve Lester, chief
technology officer for Bridgelux. "The industry has always stated
that its chips could deliver this kind of performance over the long
haul. Bridgelux has empirically demonstrated that its products can
deliver on this promise with actual data. This evidence is clearly
transferable to the reliability of Bridgelux(R) chips used in solid
state lighting and is just one of the reasons why we are seeing the
mass adoption of SSL." 
Bridgelux 10 Year Milestone, Achievements, Awards 
Tuesday, December 18, 2012, marks the tenth anniversary of Bridgelux.
In 2002, "clean technology" barely existed. Solar developers
worldwide installed around 300 megawatts of panels in 2002. This
year, 31 gigawatts of solar, or 100 times more, will be installed.
General Electric entered the wind energy market in 2002, and was the
year electric car expert, Tom Gage, introduced Elon Musk and Martin
Eberhard: the two went on to create Tesla Motors.  
Over the past decade LEDs have shifted from being components for
indicator lights to a true, economical replacement for traditional
light bulbs, streetlights, retail and commercial office lightin
g. The
cost of white LEDs has fallen from $152 per kilolumen, or components
that can emit 1,000 lumens, in 2002 to under $4, according to
Strategies Unlimited. This is a 32.5 times reduction in price in the
past ten years. Additionally, LED efficiency for cool white LEDs has
risen from 25 lumens per watt to over 130 lumens per watt(1). "Warm"
white LEDs, which emit the same colors as incandescent bulbs, didn't
exist in 2002(2). The price of LED light bulbs for consumers has
dropped from over $90 in 2008 to under $25 today.  
As a result, demand is growing dramatically. LED lighting constituted
a $9.4 billion market in 2011 and is expected to grow by 20 percent
per year through 2016. Bridgelux's revenue in 2012 will come to
approximately $90 million. 
A large part of Bridgelux's success is due to the company's drive to
innovate and team up with key partners and customers. Bridgelux has
introduced several new packaging and component-level technologies
which have cut the cost of luminaires and lamps. The company's latest
the Vero(TM) array, increases lumens per watt by up to 20 percent
while lowering the price. Bridgelux also collaborated with Chevron
Energy Solutions on a program that allows cities to install LED
streetlights without an upfront capital commitment: the cost of the
new streetlights is paid for through achieved energy savings.  
Looking ahead, Bridgelux will further advance solid state li
ghting
with GaN-on-Silicon, a new technique for producing LEDs that could
slash the cost of solid state light sources by over 70 percent. The
technology was developed in conjunction with Toshiba, which is also
an investor in Bridgelux. Additionally, Bridgelux is working with
partners to embed intelligence into LEDs: lights will be used to
change the look of interior spaces on the fly or communicate with
consumers or automobiles.  
"Lighting is the last vestige of vacuum tube technology. In just a
few years we've dramatically made strides to bring it into the 21st
Century, but the innovations coming from our team and our partners
over the next five years are going to be even more eye-popping," said
Bill Watkins, Bridgelux CEO. "Stay tuned." 
Several industry organizations have recognized the company for its
market potential, impact, strong management and growth. This past
year alone, the company was named to the Global Cleantech 100 and the
San Francisco Business Times' list of 100 Fastest Growing Private
Companies; was ranked number 128 on Deloitte's 2012 Technology Fast
500 list; and was chosen by AlwaysOn as one of the GoingGreen Global
200 winners and well as INC.'s 5000 list. 
About Bridgelux
 Bridgelux is a leading developer and manufacturer of
technologies and solutions transforming the $40 billion global
lighting industry into a $100 billion market opportunity. Based in
Livermore, California, Bridgelux is a pioneer in solid state lighting
(SSL), expanding the market for light emitting diode (LED)
technologies by driving down the cost of LED lighting systems.
Bridgelux's patented light source technology replaces traditional
technologies (such as incandescent, halogen, fluorescent and high
intensity discharge lighting) with integrated, solid state lighting
solutions that enable lamp and luminaire manufacturers to provide
high performance and energy efficient white light for the rapidly
growing interior and exterior lighting markets, including street
lights, commercial lighting and consumer applications. Bridgelux is
the only vertically integrated LED manufacturer and developer of
solid state light sources that designs its solutions specifically for
the lighting industry. For more information about the company, please
visit www.bridgelux.com 
Bridgelux and the Bridgelux stylized logo design are registered
trademarks, and Vero is a trademark, of Bridgelux, Inc. All other
trademarks are the property of their respective owners. 
(1) Strategies Unlimited, "The Market for High-Brightness LEDs in
Lighting," Fifth Edition, May 2012 
(2) Strategies Unlimited, "The Market for High-Brightness LEDs in
Lighting," Fifth Edition, May 2012 
Contact:
Brian Fisher
Bridgelux, Inc.
Phone: 925.583.8563
E-mail: brianfisher@bridgelux.com 
 
 
Press spacebar to pause and continue. Press esc to stop.