Epistar Corporation Invests in LED Innovator Oree, Inc.
Aug 14, 2010 Oree Inc., developer of LED planar illumination technology, announced that it has secured an investment from Epistar Corporation, Taiwan’s manufacturer of LED chips. The funding is a demonstration of the strong strategic relationship between the two companies.
Oree has developed a differentiating technology that brings LED lighting to a new level of efficiency. Oree’s solid-state light source is thin and flat – about the size and shape of a credit card – and is ideally-suited for general lighting applications, decorative and architectural lighting, as well as backlighting for LCD panels. Oree is currently working with selected customers in Asia and Europe, and will be in high-volume production by early next year.
As one of the world’s leading chip suppliers, Epistar Corporation is dedicated to partnering with companies that have novel and promising technologies. Epistar has been manufacturing chips for Oree since 2007. Continued collaboration will strengthen market penetration in Asia, Europe and the US for both companies.
Author: BIO T&T
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