CrayoNano (NOTC:CNANO) signs industrialization and development agreement with SemiLEDs (Nasdaq:LEDS) for nanowire UV-C LED chips
Trondheim, Norway / Hsinchu, Taiwan
CrayoNano (NOTC:CNANO) and SemiLEDs (Nasdaq: LEDS) has signed an agreement to jointly develop the next generation UV-C LED for disrupting the disinfection market.
CrayoNano has validated and selected a strategic partner to accelerate the industrialization of CrayoNano’s UV-C LED technology. SemiLEDs is a well-known manufacturer of UV LEDs with industry proven experience and capabilities for faster ramp-up to high-volume manufacturing of LEDs
“Following our agile business model and the increasing market demand, we must fast-track our development. SemiLEDs has over 15 years of industry expertise in chip processing and industrialization of UV LEDs. Their experience, capabilities and resources are complementary for the engineering of CrayoNano’s ground-breaking nanowire and hybrid material technology and enabling our development of new products based on it,” says Jo Uthus, CEO of CrayoNano.
This collaboration alleviates capacity and supply chain constraints that continue to choke the global supply.This partnership will add onto CrayoNano’s resources and capacities in Trondheim and de-risk the supply chain dependency, ensuring a successful market entry.
“Current UV-C LED products using conventional Sapphire based substrate are inefficient and high cost; the need for significant improvements in efficiency and performance is required for mass market adoption of UV-C LED for disinfection market. One-dimensional (1D) nanostructures growth on graphene has shown unique characteristics for Optoelectronic devices; CrayoNano’s nanowire and hybrid material technology is second to none, a real disruptor in this space. As a like-minded technology pioneer, SemiLEDs will contribute with engineering support and our unique patented know-how of chip processing, to bring the evolutions of CrayoNano UV-C chip products faster to the market and verify opportunities of further products,” says Trung Doan, CEO, President and Chairman of SemiLEDs.
Under this agreement, CrayoNano and SemiLEDs will jointly develop products based on CrayoNano’s nanowire and hybrid material technology and SemiLEDs’ unique LED process technology, and process know-how to accelerate CrayoNano’s mid-to long term UV-C product roadmap. CrayoNano will own the products under the agreement, and innovations and R&D will remain in Trondheim, Norway.
“We are very excited that we have found a partner who shares our vision of enabling a healthier and sustainable future for everyone,” closes Uthus.
Contact:
CrayoNano
CEO Jo Uthus
Mail: investor@crayonano.com
Phone: +47 72 90 98 60
SemiLEDs
CEO Trung Doan
Mail: investor@semileds.com
About SemiLEDs
SemiLEDs Corporation incorporated in Delaware in January 2005. SemiLEDs is a manufacturer of ultra-high brightness LED chips with LED fabrication facilities in Hsinchu Science Park Chunan site, Taiwan. SemiLEDs specializes in the development and manufacturing of metal alloy vertical LED chips in blue (white), green and UV using our patented and proprietary MvpLED™ technology. This unique design allows for higher performance and longer lumen maintenance. SemiLEDs is publicly listed in Nasdaq with ticker: LEDS. SemiLEDs is fully ISO9001 Certified.
About CrayoNano
CrayoNano develops and manufactures semiconductor components based on our expertise and technology in nanomaterials. With on our patented and proprietary technology, our first application targets the fast-growing disinfection market with high quality and performance driven UV-C LEDs.
The company is headquartered in Trondheim, Norway, applying a fab-lite model with a global supply-chain and worldwide footprint to provide our customers with innovative semiconductor devices. Our vision is to enable new applications and solutions in health & safety, water purification, life sciences, consumer and industrial goods, and automotive industries. CrayoNano is registered on OTC in Norway under the ticker: CNANO.