LBT
has a simple, proprietary, inexpensive, and yet sophisticated approach to
providing control for solid state lighting. It will monetize the opportunity
by providing its designs in control chips for white color balance and RGB
lighting control. The unique features are:
- - High
performance, low cost using an analog design;
- - Provide
color, hue, and luminance control in an infinitely variety of options for the
customer, allowing the use of standard patterns, or custom programmable
solutions;
- - Single
wire – system can provide color and luminance control over a single wire using
off-the-shelf sliders, meaning SSL can be retrofitted in buildings using
existing wiring.
The
company also provides customer design support to allow ease of integration and
license revenue from higher level system components.
Chrysalix
take: Richard MacKellar
1.
What is the insight that led to Chrysalix investing?
Solid
state lighting (SSL) through the use of LEDs will replace incandescent and
fluorescent within the next decade and become a $50-100 billion market. The
timing will depend up the overall system cost: i.e. it is not just the LED cost
that is impeding adoption but also the drivers (power conversion), controls,
heat sinks and packaging.
LBT
drives at the heart of cost reduction required to accelerate the timing of SSL
adoption. By demonstrating their linear control technology the company should
be an attractive acquisition target for lighting companies, control companies
and LED companies.
2.
What is the company’s biggest strength?
The
company has build high performance at low cost in a package that meets the
majority of the needs to the SSL industry for both standard lighting control
requirements and customized control requirements. It is in the process of
building a strong intellectual property portfolio around its core technology.
3.
What is the implication of this company being successful?
LBT
being successful will accelerate the world-wide adoption of SSL, saving
significant power costs. LBT being successful will likely lead to a high value
exit to a leading supplier in the lighting, control of LED industry.
