A good show up today for the opening of the Paul Dunnigan Labs. An impressive setup which should bode well for the future. They certainly have a lot of machines for parallel work.
It was nice to see blue and green LEDs tested from the wafer in real life.
As mentioned previously by Giles, the Lumiled's management re-structure is impacting any progress in that area for the time being. The do, however have a strong portfolio of other opportunities. The technology has a broad range of applications, but only some are being pursued at the moment due to time, budget and capacity constraints. They are trying to focus of the applications that are more likely to pay dividends (and hopefully on to shareholders) soon. Actually, strike out "soon" and put "appropriate timeframe".
There is strong industry interest for tunnel junctions and it will be interesting to watch how this develops over time.
Ian mentioned how a typical production plant would have 200 G4s. A 2" wafer has about 10,000 LEDs. A BLG-300 can therefore produce 190,000 LEDs in a production run. A G4 does 420,000, a G4 plant does 84,000,000 per run. A G4 plant produces billions per month. The royalty model should pay off for BLG shareholders in the long run.
A $6m investment in the lab. The BLG300II is already up and running and producing great results (it is an updated BLG300 chamber design). The G4 upgrade/scale-up should be completed by year end.
All looking good, … except the share price. Go figure!
BLG Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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