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QUANLIGHT FEATURED IN COMPOUND SEMICONDUCTOR MAGAZINE; October 2007

QUANLIGHT RAISES $3 MILLION IN SERIES B; May 14, 2007

QUANLIGHT GETS $1M IN SERIES A; Dec. 5, 2006

Press Release

QUANLIGHT RAISES $3 MILLION IN SERIES B

Harvey White, Qualcomm Co-founder, Joins As Chairman of the Board

SAN DIEGO – May 14, 2007 – Quanlight Inc., a leader in developing high power, high brightness red light emitting diodes, has raised $3 million in its oversubscribed Series B offering. The financing was led by Blackbird Ventures and (SHW)2 Enterprises with a small group of private investors. Harvey White, chairman of (SHW)2 Enterprises, has joined the organization as chairman of the board. White is a co-founder and former director, president and COO of Qualcomm, as well as the founder and former chairman and CEO of Leap Wireless.

"The technology is strong, and this round of financing should position us well for an additional round sometime in mid 2008," said White.

According to company CEO Neil Senturia, the financing will be used to take the company from research and development to wafer production. Quanlight has developed novel material science that creates light emitting diodes (LEDs) with increased stability and brightness.

The patent pending technology for the San Diego based company was originally developed at the University of California, San Diego (UCSD) by Dr. Charles Tu and Dr.Vladimir Odnoblyudov, Quanlight holds an exclusive license to commercialize the technology from UCSD, where Odnoblyudov worked on the technology for over three years before achieving his breakthrough.

Quanlight solves three problems in the red LED world. "We decrease the cost of manufacture, we increase stability at high drive currents, and we anticipate increasing brightness by a factor of more than two times," said Odnoblyudov.

Targeted to the signal, signage, automotive, and theatrical/architectural lighting markets, this new LED chip offers significant advantages in cost per watt and performance over existing LED technology and is expected to expand the market by enabling applications not previously economically feasible. For more information, see www.quanlight.com.

Blackbird Ventures is a private, early-stage investment company launched by Senturia and his wife, Barbara Bry, to identify and invest in companies developing cutting-edge technologies. (SHW)2 Enterprises is a private business development and consulting firm focused on growth-oriented technology products and markets.

Press Release

QUANLIGHT GETS $1M IN SERIES A

SAN DIEGO - December 5, 2006 -- San Diego-based Quanlight announced today that it has received $1M in a venture investment from Blackbird Ventures, a private venture funding group in San Diego. The firm, which is developing light-emitting diode technology, said that Neil Senturia, principal of Blackbird Ventures, joins the firm as CEO in conjunction with the funding.

Quanlight also said that it anticipates closing additional funding in the form of a Series B round in spring of 2007. Quanlight is a UC San Diego spinoff developing yellow-amber-red LED technology.



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	HOME >> PRESS QUANLIGHT FEATURED IN COMPOUND SEMICONDUCTOR MAGAZINE; October 2007 QUANLIGHT RAISES $3 MILLION IN SERIES B; May 14, 2007 QUANLIGHT GETS $1M IN SERIES A; Dec. 5, 2006 Press Release QUANLIGHT RAISES $3 MILLION IN SERIES B Harvey White, Qualcomm Co-founder, Joins As Chairman of the Board SAN DIEGO – May 14, 2007 – Quanlight Inc., a leader in developing high power, high brightness red light emitting diodes, has raised $3 million in its oversubscribed Series B offering. The financing was led by Blackbird Ventures and (SHW)2 Enterprises with a small group of private investors. Harvey White, chairman of (SHW)2 Enterprises, has joined the organization as chairman of the board. White is a co-founder and former director, president and COO of Qualcomm, as well as the founder and former chairman and CEO of Leap Wireless. "The technology is strong, and this round of financing should position us well for an additional round sometime in mid 2008," said White. According to company CEO Neil Senturia, the financing will be used to take the company from research and development to wafer production. Quanlight has developed novel material science that creates light emitting diodes (LEDs) with increased stability and brightness. The patent pending technology for the San Diego based company was originally developed at the University of California, San Diego (UCSD) by Dr. Charles Tu and Dr.Vladimir Odnoblyudov, Quanlight holds an exclusive license to commercialize the technology from UCSD, where Odnoblyudov worked on the technology for over three years before achieving his breakthrough. Quanlight solves three problems in the red LED world. "We decrease the cost of manufacture, we increase stability at high drive currents, and we anticipate increasing brightness by a factor of more than two times," said Odnoblyudov. Targeted to the signal, signage, automotive, and theatrical/architectural lighting markets, this new LED chip offers significant advantages in cost per watt and performance over existing LED technology and is expected to expand the market by enabling applications not previously economically feasible. For more information, see www.quanlight.com. Blackbird Ventures is a private, early-stage investment company launched by Senturia and his wife, Barbara Bry, to identify and invest in companies developing cutting-edge technologies. (SHW)2 Enterprises is a private business development and consulting firm focused on growth-oriented technology products and markets. Press Release QUANLIGHT GETS $1M IN SERIES A SAN DIEGO - December 5, 2006 -- San Diego-based Quanlight announced today that it has received $1M in a venture investment from Blackbird Ventures, a private venture funding group in San Diego. The firm, which is developing light-emitting diode technology, said that Neil Senturia, principal of Blackbird Ventures, joins the firm as CEO in conjunction with the funding. Quanlight also said that it anticipates closing additional funding in the form of a Series B round in spring of 2007. Quanlight is a UC San Diego spinoff developing yellow-amber-red LED technology.