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Consumer LED bulbs that now cost $40 could be cut to $5 within a few years if silicon-based LED manufacturing technology scales, says Bridgelux.
Two municipalities in California will get efficient, long-lasting LED streetlights and pay for the installation through energy and maintenance savings.
LED light source maker Bridgelux expects to start making LED chips on silicon wafers in about two years, a technology transition meant to cut LED lighting costs.
Company says it has demonstrated the production of LED light chips on silicon, an effort that could ultimately result in cheaper energy-efficient light fixtures.
California start-up Bridgelux has expanded its line of "lights on a chip" which it sells to lamp and bulb companies, making LED more viable based on energy savings.
Bill Watkins makes the leap from disk drives to LEDs at start-up Bridgelux, where he plans to attack the general lighting market with low-cost manufacturing.
The maker of technology to produce energy-efficient lighting adds to more than $31 million raised in previous rounds.
Bridgelux is building a new kind of lighting that turns your ceiling into a network of smart devices. CEO Bill Watkins has bet his first-class seat on it.
LED lights can come in different forms: Bridgelux develops a snap-in system for lighting appliances it says will help bring down the costs.
LED light maker Bridgelux has designed a snap-in connector for LED lights that can be upgraded for better efficiency, light color, or maybe even wireless communications.