BluGlass’ (ASX: BLG) technical breakthrough has caught investors’ attention, with the company’s shares jumping 126.4% in intraday trade to $0.12, on volume of 2.5 million shares.
The company has achieved a breakthrough in producing technology that is crucial to the production of high efficiency devices such as Light Emitting Diodes (LED).
Improvements to BluGlass’ proprietary technology, remote plasma chemical vapour deposition, in recent months have led to the production of high quality crystalline gallium nitride (GaN) films at low temperature.
This has the potential to offer advantages in device performance and low cost manufacturing.
The breakthrough has improved the quality and reduced the defect density of the GaN, essential to demonstrating the technology’s commercial potential in the LED equipment market.
BluGlass achieved the improvements by reducing the trace amounts of chemical impurities that are incorporated in GaN films during growth.
One impurity, oxygen, has been brought very close to industry accepted levels, while the other, carbon, is being reduced towards an acceptable level.
Further reductions in these impurities to within industry accepted ranges would allow BluGlass to produce films with properties similar to current commercially produced GaN films while demonstrating improved device efficiency.
Upon achieving these next milestones, BluGlass aims to place a demonstration tool with an industry leading LED manufacturer.
Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.