Dow Electronic Materials, a business unit of The Dow Chemical Company
(NYSE:DOW) today announced its bolt-on acquisition of Lightscape
Materials, Inc., a spin-off of SRI International. Lightscape Materials
is a private, US-based research company with intellectual property in
specialty phosphor technology. Major Lightscape Materials' investors
included Wisepower, a Korean company, and Silicon-Valley based SRI
International. The investment enables Dow to add phosphor technology to
the Company's existing LED technologies portfolio.
"The novel phosphor compositions developed by Lightscape Materials
enable improved quality, reliability and output color of LED light-based
systems," said Leo Linehan, global general manager for Dow Electronic
Materials' Growth Technologies business. "We look forward to helping
customers incorporate these advanced phosphors into their processes,
while providing the local service, support and supply they have come to
expect from Dow." Linehan added, "We are equally pleased to have the
expertise of Lightscape co-founders Gerard Frederickson and Yongchi Tian
as part of our LED Technologies team."
Wisepower CEO Gi-Ho Park said, "Dow Chemical was the ideal acquirer for
Lightscape Materials. Dow's investments in LED-related materials and
their global marketing reach was a factor in our decision to choose
Dow," said Park. "Lightscape is a unique phosphor player capable of
delivering novel phosphors crucial to high CRI LED packages."
SRI Ventures Vice President Norman Winarsky, PhD said, "It is gratifying
to see SRI's technology develop into products that meet important market
needs. Lightscape, the latest success in SRI's series of spinoff
ventures, is built from a strong legacy of lighting innovations that
include the first color TV phosphors."
Linehan added, "We look forward to working with SRI International and
Wisepower again as the occasion arises."
Phosphors are used in LED lighting applications where color quality is a
key performance attribute, such as in backlights for LCD displays and in
residential, workplace and retail illumination. They enable the LED to
create a wide spectrum of white light, with the color tuned for the
desired application. Linehan says the ongoing development of phosphor
compositions is particularly important as applications become more
sophiticated and consumers' expectations for color quality increase.
In October of 2011, Dow announced the formation of a new LED
Technologies business segment to capture current and future demand for
LEDs in the solid-state lighting market. In addition to the newly added
phosphor materials, Dow's portfolio includes metalorganic CVD
precursors, which are used to make the active light-emitting areas in
LEDs, as well as photoresists, related ancillaries for lithographic
processing, metallization processes for electroplating, and pads and
slurries for CMP - all of which are used to manufacture LEDs.
Dow Electronic Materials has manufacturing and research facilities in
the U.S., Europe, China, Taiwan, Japan and Korea.
Financial terms of the transaction were not disclosed.
Dow (NYSE: DOW) combines the power of science and technology to
passionately innovate what is essential to human progress. The Company
connects chemistry and innovation with the principles of sustainability
to help address many of the world's most challenging problems such as
the need for clean water, renewable energy generation and conservation,
and increasing agricultural productivity. Dow's diversified
industry-leading portfolio of specialty chemical, advanced materials,
agrosciences and plastics businesses delivers a broad range of
technology-based products and solutions to customers in approximately
160 countries and in high growth sectors such as electronics, water,
energy, coatings and agriculture. In 2011, Dow had annual sales of
$60 billion and employed approximately 52,000 people worldwide. The
Company's more than 5,000 products are manufactured at 197 sites in
36 countries across the globe. References to "Dow" or the "Company" mean
The Dow Chemical Company and its consolidated subsidiaries unless
otherwise expressly noted. More information about Dow can be found at www.dow.com.
About Dow Electronic Materials
Dow Electronic Materials, a global supplier of materials and
technologies to the electronics industry, brings innovative leadership
to the semiconductor, interconnect, finishing, photovoltaic, display,
LED and optics markets. From advanced technology centers worldwide,
teams of talented Dow research scientists and application experts work
closely with customers, providing solutions, products and technical
service necessary for next-generation electronics. These partnerships
energize Dow's power to invent. Its key end-use applications include a
broad range of consumer electronics from personal computers, to
television monitors, cellular phones, global positioning systems,
automobile safety systems, and avionics.
Wisepower, a Korean company (KOSDAQ: 040670), started its business as a
rechargeable battery packer in 1998. The company has diversified its
business in wireless charging solution and LED lighting, which are
currently two major business areas. Wisepower also acquired several
prospective private companies such as Grand Tech, a semiconductor
facility constructor, Convex, a precision motion control solution
developer, and Unidym, a US based carbon nanotube (CNT) product company,
as new businesses for its growth. Wisepower and its subsidiaries have
regional presence in Korea, US, China, and Australia. More information
about Wisepower can be found at www.wisepower.co.kr.
About SRI International
Silicon Valley-based SRI
International, a nonprofit research and development organization,
performs sponsored R&D for governments, businesses, and foundations. SRI
brings its innovations to the marketplace through technology licensing,
new products, and spin-off ventures. SRI is known for world-changing
innovations in computing, health and pharmaceuticals, chemistry and
materials, sensing, energy, education, national defense, and more.
®Trademark of The Dow Chemical Company ("Dow") or an
affiliated company of Dow
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