|By Business Wire||
|May 29, 2014 10:09 PM EDT||
Glo AB, a company that provides high-quality light source solutions for displays, illumination, and automotive sectors using its proprietary nanowire-based LED technology (nLEDTM) was named today by the Cleantech Group (CTG) as one of Europe’s Cleantech Companies of the Decade.
“This is a great acknowledgement of the significance of our advanced technology and its potential to be a game-changer in the area of LED solutions for display as well as lighting applications,” said Lars Samuelson, Chief Scientific Officer of Glo AB and Professor at Lund University. GLO AB originates from the Nanoscience research at Lund University.
This one-off award was made in connection with the 10th anniversary of Cleantech Forum Europe, held in Stockholm this year. The award was made in Stockholm’s City Hall, the venue of the annual Nobel Prize ceremony. “To identify the best five European cleantech companies of the decade would be an impossible task. After all, how can you meaningfully compare, say, a profitable ESCO with a pre-revenue bio-materials developer?” said Sheeraz Haji, CEO, CTG. “Instead, we set out to select private companies that got started and have achieved impressive results in the timeframe since we first conceived of a Cleantech Forum Europe. We sought companies whose stories are illustrative of the collective journey we have all been on, and whose promise for 2014 and beyond is exciting and speaks to the sustainable innovation opportunities in front of us.”
“We selected Glo—a 2013 Global Cleantech 100 company—because it represents the energy efficiency opportunity, as well as the quality of Europe’s science base as a lever for more start-ups in the future,” explained Richard Youngman, Managing Director Europe & Asia, CTG. “All the indicators and information we are privy to suggest a very bright future for Glo.”
About Glo AB
Glo AB is a company using advanced gallium nitride materials to offer LED solutions using nanotechnology. A spin-off of the Lund University, Sweden, Glo has a 60-person R&D and operations facility in Sunnyvale, California.
Glo’s products use its proprietary nLEDTM technology to sidestep the limitations of the common planar LEDs, offering unique, highly-efficient, and stable red, green, blue emitters using a single material system. Glo is focused on delivering the industry’s best color stability, with high color rendering without the need for phosphor conversion, all using standard manufacturing equipment and materials.
About Cleantech Group (CTG)
CTG helps clients accelerate sustainable innovation. The company’s i3 market intelligence platform, which tracks over $7 billion of deal flow annually across 23,000+ cleantech companies, allows subscribers to find, vet, and connect with entrepreneurs. CTG’s Advisory Services leverage expertise in designing and executing corporate strategies for sustainable growth and innovation sourcing. www.cleantech.com