A provider of lasers for plasma television manufacturing is planning to expand the reach of its technology into the production of solar panels and thinner, lower-power displays.
Powerlase, which manufacturers powerful nanosecond Q-switched, diode-pumped solid-state (DPSS) lasers, recently announced that it has secured significant investment to target these markets.
Investors include MTI Partners, Deutsche Venture Capital, DFJ Esprit LLP, Alice Ventures and FNI Venture Capital.
Powerlase will use the funds to further develop its laser technology for micromachining, laser patterning and the production of solar panels and AMOLED (active matrix organic light emitting diode) displays.
AMOLED is an emerging display technology that provides the same performance of current organic light emitting diodes with less power consumption.
Powerlase, which is based in the UK, is already a major provider of laser technology for plasma display panel television manufacturers around the world.
The company reported record orders at the close of 2008. This latest investment is hoped to enhance its ability to meet growing demand for laser systems in 2009 and beyond.
‘We’ve always designed our lasers and applications with the customer in mind, ensuring we can meet specific manufacturing requirements, streamline processes and reduce costs,’ said Les Lockwood, chief executive at Powerlase. ‘The changing economy has led customers to place a greater focus on efficiencies and clean technologies. This investment will ensure we can meet the increasing demand for high-performance, high-productivity laser technology.’
David Ward, managing partner and vice-president of MTI Partners stated that his company invested in Powerlase because of the exciting potential of its technology.
‘The company has shown a fantastic ability to identify new applications for its laser technology and we’re confident that its global leadership from a customer-led product development perspective will be increased with this investment,’ he said.