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BluGlass Limited awarded $3m clean technology innovation grant

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Clean technology innovator BluGlass Limited (ASX: BLG) has received a major vote of confidence in its technology by being awarded a $3 million grant under the Australian Federal Government's 'Clean Technology Innovation Program'.

BluGlass has invented a new process using Remote Plasma Chemical Vapour Deposition (RPCVD) to grow semiconductor materials such as gallium nitride (GaN) and indium gallium nitride (InGaN).

This can be crucial to the production of high efficiency devices such as next generation lighting technology Light Emitting Diodes (LEDs) with advanced low cost potential.

The company will now be able to expedite research and development into GaN on silicon substrates.

Of interest to potential manufactures, BluGlass’ unique low temperature RPCVD technology offers significant performance and cost advantages, and it is estimated that for each RPCVD tool put into production there could be a reduction in greenhouse gas emissions of more than 39,000 t CO2 equivalent per RPCVD unit (based on 3.5 million LED lamps per annum).

The funding was specifically allocated to the company's 'Versatile prototype deposition machine for higher efficiency, energy saving, lower cost LEDs on various substrates including silicon' project.

The project aims to reduce the amount of greenhouse gas emissions generated in the production of these energy saving LED devices.

 

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.

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