Business News | Sep 05, 2006

Crystal IS raises $10.6m in second-round funding for AlN substrates

Crystal IS Inc of Green Island, NY, USA, which is commercializing native, single-crystal aluminum nitride substrates for high-power, high-temperature and optoelectronic devices, has completed a $10.6m second round of financing.

In May, Crystal IS said it expected to raise $7m. The investment round was led by Lux Capital, with participation from 3i, ARCH Venture Partners, Harris & Harris Group, Credit Suisse (on behalf of the New York State Common Retirement Fund) and Taiwanese Linkmore Ltd.

“This round of funding will allow Crystal IS to ramp production of the 2-inch substrates and reduce prices, enabling cost-efficient, high-performance ultraviolet devices and opening new opportunities in current high-volume consumer applications,” said Dr Ding Day, CEO of Crystal IS.

Crystal IS was founded in the Rensselaer Polytechnic Institute (RPI) incubator program to develop growth technology for native AlN crystals and the manufacture of low-defect AlN substrates. The company had previously raised $5.1m in September 2004 to scale its technology. In May, Crystal IS released the world’s first low-defect-density (1000cm-2) 2-inch native AlN substrates. Competing technologies can only offer small areas of less than 2/3-inch or have a high defect density, the company claims. Low-defect AlN substrates will enable low-cost, high-efficiency, high-reliability UV optoelectronic products and high-power RF components. UV optoelectronic products have applications in compact explosives detection devices, water purification and medical products. Crystal IS says its manufacturing technique can also be further scaled for the production of highly affordable substrates, making the process suitable for low-cost applications such as white lighting.

Crystal IS has also developed a GaN-Ready version of its AlN substrates, where an epitaxial layer of gallium nitride is grown on the AlN substrate to address high-volume GaN markets such as 405nm lasers for Blu Ray and HD DVD as well as high-power LEDs.

After expanding its management team with CEO Ding Day in February and VP, business development, sales and marketing Timothy Bettles in April, Crystal IS is now expanding its manufacturing team to manage the demand for its 2-inch substrates for these high-volume applications, it says. Previously, in June 2005, Crystal IS had moved from 6000 square feet of a Rensselaer Polytechnic Institute incubator building in Watervliet, NY to a 10,500 square foot facility in nearby Green Island, NY.

Visit: http://www.crystal-is.com

Add comment

You can add a comment by filling out the form below. Plain text formatting. Comments are moderated.

Question: What is 1 + 5 ?
Your answer:
FEATURED

Accredited Quality for Colorimetric Quantities

Accredited Quality for Colorimetric Quantities Since 2009 Instrument Systems has received accreditation to DIN EN ISO / IEC 17025 for photometric tests and now offers its certified measurement solutions with the flexible scope of application of Category III. Read more »

FEATURED

Smart Control with GRE’s Dimming Modules

Smart Control with GRE’s Dimming Modules Smart and sustainable technologies have been on the forefront at the international lighting events. With the advance of smart devices and return on investment requirements, the smart building is widely becoming the new standard building model. Read more »

FEATURED

Light is the Efficiency Booster

Light is the Efficiency Booster In order to cut costs while providing high-quality light, many luminaire manufacturers today rely on robust LED components and intelligent control technology from OSRAM. Our future-proof lighting systems reduce the power consumption as well as the maintenance effort. Read more »

FEATURED

A.A.G. Stucchi Presents New IP66/68 Connectors

A.A.G. Stucchi Presents New IP66/68 Connectors A.A.G. Stucchi, an Italian company and leader in the lighting components industry, is ready to present 2 new series of IP66/68 connections: 3800 series of mini connectors and 610 series of distributors. The two product series have their very compact design in common. Read more »

EDITORIAL

High Conductive Foils Enabling Large Area Lighting

High Conductive Foils Enabling Large Area Lighting Fraunhofer Institute for Organic Electronics, Electron Beam and Plasma Technology FEP as one of the leading partners for research and development for surface technologies and organic electronics and Sefar AG, a leading manufacturer of precision fabrics from monofilaments, developed a roll-to-roll ... Read more »

page_peel