PhotonStar LED Group plc. has announced to sign its first licensing agreement and an associated design services supply agreement, with a leading LED chip manufacturer, on its next generation chip design patents.
The company has not disclosed the financial terms of the non-exclusive patent license agreement, but the agreement is expected to start to have an impact on PhotonStar’s revenues in 2014.
According to the company, it has a substantial IP platform, comprising a total of 15 patent families covering advanced LED chip design, optimal low cost packaging, advanced colour mixing and control. The LED chip patents dating back to 2008/9 are now mostly granted in Europe and progressing through the international phase. The firm recently received its first Chinese patents and continues to further develop its chip IP.
James Mckenzie, CEO of PhotonStar LED Group PLC, comments, “Licensing our LED chip design IP to third parties will be a key part of our business going forward, and will be a clear demonstration of the substantial value in our IP."
"This agreement is a major validation of our LED chip design approach and is expected to produce LED chips with extremely high levels of chip light extraction, making them some of the lowest cost and most efficient chips available on the market,” adds McKenzie.