Semiconductor technology developer BluGlass (ASX:BLG)
has entered into a Joint Development Agreement with leading US based LED company, Bridgelux.
This is to develop cascade LEDs using BluGlass’ RPCVD technology, to establish a path for mainstream applications in the general lighting market.
The two parties are collaborating to build on BluGlass’ remote plasma chemical vapour deposition (RPCVD) tunnel junction technology, to develop cascade LEDs.
BluGlass and Bridgelux will work to develop competitive applications for the growing general lighting market.
Shares in BluGlass (ASX:BLG)
are trading 4.8 per cent higher at 11 cents.