Categories: Press Releases Date: Mar 13, 2012 Title: Intematix Receives $16.2 Million in Funding for Growth Capital
Intematix expands capabilities to better address LED market needs
FREMONT, Calif. – March 13, 2012 – Intematix, a leading innovator of patented phosphors and phosphor components for high-quality LED lighting, announced it has received $16.2 million in funding from current investors Draper Fisher Jurvetson and Crosslink Capital, as well as a new financial investor. Intematix plans to use the latest round of investment to continue tackling challenges for the LED industry through facility expansion, working capital and development of its phosphor products and ChromaLit™ remote phosphor products.
“LED technology is the future of lighting, and Intematix phosphors and remote phosphors are key components to making this possible,” said Maurice Carson, Chief Financial Officer for Intematix. “This investment further enables Intematix to continue its growth trajectory as it addresses the light quality needs required by the general lighting and display markets.”
While lighting LEDs have grown in efficiency they have faced challenges in color quality and thermal management in small form-factors. Intematix phosphors enable white light comparable to conventional sources and ChromaLit remote phosphor systems have shown more efficient cooling leading to compact light bulb solutions.
“Intematix is a key provider of the light quality needed for general adoption of LEDs in lighting,” said Alain Harrus, board member of Intematix and partner at Crosslink Capital. “Intematix is extremely well positioned to advance solid-state lighting technology across the world, and to benefit from the current intense market focus on quality of light.”
Intematix Corporation is a materials development innovator, providing customizable, patented phosphors and remote phosphor components that serve as the foundation for high quality, energy efficient LED light. Intematix products enable attractive, vivid color quality, superior consistency, uniformity, and stability. Headquartered in Fremont, California, Intematix maintains R&D, manufacturing, business and support operations in the United States, Asia and Europe. To learn more about the company, please visit www.intematix.com.
*ChromaLit is a trademark of Intematix Corporation.