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BluGlass tax rebate to help commercialise LED technology

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BluGlass (ASX: BLG) will receive a total of A$2.3 million in research and development tax rebates for its Remote Plasma Chemical Vapour Deposition (RPCVD) technology for Light Emitting Diodes (LEDs).

The company’s wholly-owned subsidiary, EpiBlu, has already received a $1.6 million tax rebate from the Australian Tax Office while BluGlass itself will receive another $709,930 once it is processed on 20 December.

BluGlass said the cash injection will assist the company in commercialising its technology.

The company recently achieved proof of concept of its Light Emitting Diodes (LED) technology, which is now being produced with industry-equivalent electrical properties, significantly de-risking the technology.

The company is now able to use its low temperature RPCVD technology to produce n-type gallium nitride (GaN) films with low impurities and good electrical properties equivalent to films grown using the industry standard process – MOCVD.

BluGlass is focusing on improving p-GaN layers with the goal of improving LED device efficiency over current produced devices.

While the p-GaN device demonstration is the primary short term commercial focus, BluGlass will also continue research and development into solar and other areas of an LED that can take advantage of the low temperature platform technology.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Bluglass Ltd

Price: 0.115 AUD

ASX:BLG
Market: ASX
Market Cap: $48.17 m
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