Dublin-based Company Ikon Receives €1m Kernel funding for LED Bulbs Expansion

Dublin-based technology company Ikon, which is engaged in developing more efficient and cost effective LED lighting solutions, has received a further €1m in funding from the Kernel Capital managed Bank of Ireland Kernel Capital Fund II.

And previously it has received €650,000 from the Kernel-led fund.

The firm will now use the new tranche of funds to drive product development and is planning for significant recruitment over the next six months to support these growth plans.

"Ikon's silicon, LED Driver solutions will offer significant benefits to customers in terms of design, size and cost. The company will commence shipping silicon samples to key customers early next year," said Dr Daniel McCaughan, partner and chief technologist at Kernel Capital.

Ikon is zeroing in on the residential and commercial LED bulb replacement market which is expected to grow spectacularly from 80 million units in 2011 to 430 million units by 2013.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Some homeowners, commercial systems managers and outdoor lighting management companies have looked warily at smart lighting, in light of its being seen as a major departure from what was required for lighting control in the past. They need not... READ MORE

For the LED driver product line, wide AC voltage input range (180 ~ 528VAC) HVGC family, MEAN WELL now launches HVGC-650 series to offer more choices of high power products.

READ MORE