Designer and manufacturer of LED lighting solutions,PhotonStar LED Group plc of Romsey,Hampshire,UK has signed its first licensing agreement for its next generation chip design patents and an associated design services supply agreement,with a leading LED chip manufacturer.PhotonStar did not disclose the name of the LED chip manufacturer.?The non-exclusive patent license agreement is expected to have an impact on PhotonStar's revenues in 2014,when the resulting LED chips are to be brought to the market by the manufacturer.
"Licensing our LED chip design IP to third parties will be a key part of our business going forward,and will be a clear demonstration of the substantial value in our IP,"said James Mckenzie,CEO of PhotonStar LED Group PLC.
PhotonStar's IP platform consists of 15 patent families covering advanced LED chip design,optimal low cost packaging,advanced colour mixing and control.The LED chip patents dating back to 2008/9 are now mostly granted in Europe and progressing through the international phase.The Group recently received its first Chinese patents and continues to further develop its chip IP.