REVIEW OF OPERATIONS
During the first half of the 2019 financial year we continued to drive the cutting-edge development and innovation that will see BluGlass achieve our vision of delivering the patented remote plasma chemical vapour (RPCVD) technology to market - as a mainstream solution; and ultimately see our technology implemented in high brightness LEDs, microLEDs and power electronics applications across the globe.
BluGlass made significant advancements towards proving the commercial value proposition of the RPCVD technology, building on our existing technology capabilities for LEDs, microLEDs and power electronics. We announced a breakthrough in the development of low temperature RPCVD tunnel junctions, critical enabling technology for cascade LEDs. These stacked LEDs are a potential game-changer for high-performance LED applications such as the rapidly growing automotive LED segment, predicted to be worth $22B, and capturing 23% of the total market by 2024 amongst other high-powered LED and laser diode applications.
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