Founded in 2011, Pacific Light Technologies (PLT) manufactures engineered nanomaterials for use in energy efficient LED lighting and is a Portland State University Business Accelerator company-in-residence. PLT is developing a low-cost, high-performance alternative to the high-priced and poor color quality phosphor-colored LEDs of today. When used in the production of LED light bulbs, PLT’s chemically created semiconductor technology will provide current LEDs with better light output in warmer hues at prices that will revolutionize the $80 billion lighting industry.
Recently, PLT closed over $3 million in seed funding from Portland-based Pivotal Investments. The 13-person team at PLT, headed by CEO Ron Nelson, is sampling large customers while completing product development and preparing for manufacturing and sales. PLT is building a strong IP portfolio which includes IP acquired out of the SpectraWatt bankruptcy, a quantum dot solar company spun out of Intel. With the cost of energy rising alongside global levels of carbon emissions, PTL is building a better light bulb, one that could improve energy efficiency by up to 50 percent and if used en masse could reduce carbon emissions by 25 percent.
PLT has worked with the Center for Electron Microscopy and Nanofabrication at Portland State University and is current a tenant in the Biosciences Lab at the Business Accelerator.
For more information visit www.pacificlighttech.com.