Light Based Technologies
*NEW* March 14th, 2011 LBT Shareholder Letter
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*Awarded with 2011 Ready to Rocket Accolade – Read More*
Light-Based Technologies (LBT) (www.lightbasedtechnologies.com) has developed and is commercializing a unique control technology for light-emitting diodes (LED) in the solid-state lighting industry. Currently, LED is only a small part of the US $75 billion global lighting market. With new regulations coming in 2012 in Europe and Canada the use of inefficient incandescent light bulbs will be phased out. This regulation change will dramatically increase the penetration of LED as a lighting source in both residential and commercial applications.
LBT’s solution to this challenge is not the light source itself, but the control and manipulation of the light source. LBT has patented a circuit chip that original equipment manufacturers (OEMs) can use in the LED systems they build for residential and commercial consumers. LBT’s patented technology is a low-cost solution that makes LED systems simpler and easier to use.
Download Light Based Technologies’ Investor Presentation (PDF)
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Light-Based Technologies (LBT) has, and continues to be a GreenAngel Energy success story. A good proportion of the 2010 GAE earnings were due to an increase in the value of the GAE investment in LBT. With a team made up of technology veterans, a board consisting of seasoned VCs and industry experts, and an advisory committee with a significant combined history in the electronic and lighting industry, LBT is equipped to become market leaders.
On February 24th 2011, Light-Based Technologies, a GreenAngel Energy Investee company, were incredibly well received at North America’s largest lighting conference. The GreenAngel management team is very optimistic about the future of LBT and where they are placed in the LED / Solid State Lighting industry.
The Light Based Technologies team will be demonstrating some of their technology, and presenting their vision at the Strategies in Light conference on Feb. 22. Booth #244
The number of consolidation deals in the energy efficient lighting (EEL) industry, a broader category for the solid-state lighting (SSL) industry, grew more than 10% from 2009 to 2010. Large players such as GE, Phillips, and OSRAM Sylvania are looking to build economies of scale, and gain access to technology and intellectual property through purchasing smaller technology development companies. A highly publicized account happened in 2007 when lighting giant Phillips bought Color Kinetics.