Latticepower breaking HB-LED first round of financing of $10 million

Latticepower, a focus on the development and manufacture of high brightness light-emitting diode (HB-LED) of the high-tech company, recently announced that it received from the Chinese and Silicon Valley first-class investment institutions investing $ten million in the first round of financing. Jinsha River venture capital as an investment fund, and Mayfield Fund and AsiaVest Partners jointly completed the project investment.

We are very pleased to be able to cooperate with crystal. They have developed a truly world-class intellectual property rights, have a great impact on the industry led the logarithm one billion, "ARC international partner and chairman John Stockton in Silicon Valley's famous Mayfield venture fund says.

Yi Jiang said crystal photoelectric president, chief scientist: "we work closely with these investors for more than a year, to help us develop a business plan for the latticepower development to become a global leader in the field of LED provides a blueprint for."

According to Strategies Unlimited forecast, in 2006 the global sales of high brightness light-emitting diodes will reach $4 billion to $5 billion. At the end of 2010 the figure will reach $10 billion.

According to the unique needs of the market, in fact, it is also the needs of the global market, the completion of basic research and development in China and complete intellectual property rights, such a Chinese company can only count. We are honored to have the opportunity to develop together." Jinsha River venture capital director, latticepower holding company chairman Wu Shen handsome said.