Established in 2003 and based on 11 years of research performed at Lund University’s Nanometer Structure Consortium, Glō was one of the first nanotech startups that raised significant amounts of funding.
Recently it was announced that the company, that developed the world’s leading technology for microLED, has been sold to American Nanosys at an undisclosed sum. Previously, Glō had raised an approximately $200 million (€165 M) investment from many investors, including the Wallenberg sphere’s FAM, Google and Wellington Partners. Nanosys, a Silicon Vally, California-based American nanotechnology company, is known for its state-of-the-art Quantum dot technology to the display industry.
This acquisition is reported to positions Nanosys with a unique and broad technology portfolio to address all future display applications.
“MicroLED is one of the greatest potential display technologies but there is one problem: cost. To deliver on this potential, microLED pixels must be ultra small, bright and cost effective. The market currently lacks a cost effective microLED solution with ultra small and bright pixels. Bringing microLED together with Quantum Dot is an exciting opportunity to unlock the growth potential in this market.” says Eric Virey about the technology.
Over the years, Glō has concentrated on the designing, development, and commercialization of advanced LED using nanotechnology that is ideal for general illumination applications as well as is highly efficient, stable, and at a lower cost.
“As a board member of Glō, I think it is clearly positive that Glō is acquired by an American Silicon Valley technology company, which is already in the display industry and can do much more of the technology than Glō can do on its own. Nanosys is established as a leading technology supplier in the TV display side and is now broadening its product portfolio to include the Micro-LED that Glō has developed. Nanosys believes in it as an upcoming leading display technology. The existing Glō team will be included in Nanosys,” Jan Uddenfeldt tells Rapidus
Now Rapidus reports as well that with the recent acquisition of the company, Lars Samuelson, the Glō’s chief scientist for the past 15 years, will relocate to Shenzhen, China, where he will work as a professor at the Southern University of Science and Technology and lead their Research Center for Nanotechnology and Science. He will continue his research on gallium nitride, GaN at Lund University, and retain his position at Hexgem, an Ideon company that develops GaN technology for power electronics and micro-LEDs.
With the signed agreement of micro-LEDs leader Glō and Nanosys technology portfolio, the company will be able to dominate the entire future of display technologies – based on research that started in Lund.