UK - IQE ( http://), a specialist supplier of advanced wafer products and wafer services to the semiconductor industry, has completed the acquisition of NanoGaN ( http:// ), which established a range of unique processes and key intellectual property relating to gallium nitride (GaN) materials and devices.
This includes its proprietary Nanocolumn Technology for producing high quality, free-standing gallium nitride substrates, which are critical for manufacturing high quality blue and green semiconductor lasers and ultra high brightness LEDs for Solid State Lighting (SSL).
The development of NanoGaN's proprietary technology is at an advanced stage. IQE will assist in completing the development of commercial products and will after begin the transfer of the technology to its high volume production facilities where it is expected to begin generating sales in 2010, followed by Rapid sales growth as the technology is commercialised.
The acquisition complements and enhances IQE's existing product portfolio by accelerating the Group's strategic plans to develop a leadership in the emerging high growth markets for advanced laser projection, high definition optical storage (including Blue Ray products), high resolution laser printing and solid state lighting For industrial, commercial and residential lighting.
NanoGaN's core technology will also be used to further enhance IQE's leading position in the supply of GaN products for high power RF applications.
The deal also strengthens IQE's position as a technology leader by bringing powerful new intellectual property to the group, and exciting new talent. NanoGaN brings with it seven filed patents, and several additional innovations for which patents will be submitted.
Dr Drew Nelson, IQE Chief Executive Officer said: "This acquisition of NanoGaN represents a major milestone in our technology roadmap, and enables the Group to accelerate its entry into the emerging high growth and large volume markets for blue and green semiconductor lasers as well as The key enabling materials for low energy LED lighting."
This includes its proprietary Nanocolumn Technology for producing high quality, free-standing gallium nitride substrates, which are critical for manufacturing high quality blue and green semiconductor lasers and ultra high brightness LEDs for Solid State Lighting (SSL).
The development of NanoGaN's proprietary technology is at an advanced stage. IQE will assist in completing the development of commercial products and will after begin the transfer of the technology to its high volume production facilities where it is expected to begin generating sales in 2010, followed by Rapid sales growth as the technology is commercialised.
The acquisition complements and enhances IQE's existing product portfolio by accelerating the Group's strategic plans to develop a leadership in the emerging high growth markets for advanced laser projection, high definition optical storage (including Blue Ray products), high resolution laser printing and solid state lighting For industrial, commercial and residential lighting.
NanoGaN's core technology will also be used to further enhance IQE's leading position in the supply of GaN products for high power RF applications.
The deal also strengthens IQE's position as a technology leader by bringing powerful new intellectual property to the group, and exciting new talent. NanoGaN brings with it seven filed patents, and several additional innovations for which patents will be submitted.
Dr Drew Nelson, IQE Chief Executive Officer said: "This acquisition of NanoGaN represents a major milestone in our technology roadmap, and enables the Group to accelerate its entry into the emerging high growth and large volume markets for blue and green semiconductor lasers as well as The key enabling materials for low energy LED lighting."
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