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Posted: May 7, 2009
Blu Glass to Grant Exclusive License of its Remote Plasma CVD Technology in Korea
(Nanowerk News) BluGlass Limited today announced that it has signed a term sheet outlining the material, terms and
conditions to be encompassed in an Exclusive Sales and Marketing License Agreement with BLK
CO., LTD (BLK) of Korea.
This term sheet is a significant advancement in the commercialisation of BluGlass and marks the first
steps towards a full customer agreement.
BluGlass, subject to formal documentation, will grant BLK an exclusive license of its Remote Plasma
Chemical Vapour Deposition (RPCVD) technology in the Korean marketplace for an initial term of two
years. The term sheet also outlines the acquisition of a BLG-150 deposition tool and BLK plans to
establish an RPCVD pilot manufacturing plant in Gwangju Technology Park, the centre of the light
emitting diode (LED) industry in Korea. The company intends to produce gallium nitride based LEDs
on the BluGlass technology to gain access to the major LED manufacturers of Korea.
‘This comes at a very exciting time in the development of our technology as the Korean LED
marketplace has enormous potential’ BluGlass CEO Giles Bourne said today. The Korean
government is assisting in developing the countries semiconductor manufacturing capabilities in both
LED and solar manufacture. The government has called the LED industry ‘its next growth engine’ with
the commitment of 540.1billion won1 (AUD 542.5 million) to assist in the establishment of eco friendly
segments such as LED manufacture over the next five years. The South Korean LED market was
worth in excess of USD 1.5 billion in 2006 and is forecast to reach USD 15 billion by 20152.
is officially designated as South Korea’s ‘LED Valley’ and 70 LED companies are slated to set up
shop in the district3. This will involve significant spending on manufacture capability including the
purchase of new deposition tools and equipment to furbish new fabrication plants.
BLK is a newly established LED company formed in 2008 by CNT International to accelerate the
commercialisation of BluGlass’ unique technology in the rapidly expanding Korean marketplace. It is
headed by a strong LED executive team and is employing leading experts from the Korean LED
industry to establish its activities and facility. ‘BLK installs great hope in the RPCVD technology,
which it believes has potential to change for the better the manufacturing front of nitride based
semiconductors’ said BLK President, Brian Park today.
BluGlass is furthering negotiations with BLK to establish a Joint Development Agreement where BLK
will participate in the final optimisation of the RPCVD technology to advance its speed to the
‘The collaboration agreement with BLK is a very exciting opportunity for BluGlass. BLK has an
experienced management and technology team that will complement the existing capabilities of
BluGlass. With the establishment of an RPCVD manufacturing plant in the centre of the new LED
development of Korea, we are looking forward to great ongoing collaboration with BLK’ said BluGlass
CEO Giles Bourne today.
BLK are a dynamic new LED company employing industry experts in the establishment
of its state of the art manufacturing facility in Gwangju Techno Park. Gwangju is the heart of the LED
technology renovation in Korea and is in close proximity to other major LED manufactures who it
hopes will see the potential of the RPCVD technology.
BluGlass Limited is an Australian Green Technology company developed to
commercialise a breakthrough in the Semiconductor Industry. BluGlass has invented a new process
using Remote Plasma Chemical Vapour Deposition (RPCVD) to grow semiconductor materials such
as gallium nitride (GaN), crucial to the production of high efficiency devices such as next generation
lighting technology, Light Emitting Diodes (LEDs), with significant low cost potential. BluGlass is now
exploring the processes viability in photovoltaic (solar) applications. The BluGlass process is a low
temperature, low cost technology with inherent scalability.