Tim Burnham
Yorba Linda, CA (USA)
Role(s):
Solid State Lighting
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Startup
Location:
Yorba Linda
Industry:
Technology/Web
Year Founded:
2006
Number Employees:
INVALID
Description:
LEDs are about to change all Lighting products. Forever. Solid State Lighting will acquire a small technology business in the UK with strategic hardware patents in high-power LED drivers and with product ready to ship. SSL will achieve $60m in worldwide sales and $24m in EBIT in three years, and will sell at a very high multiple to a strategic buyer in the commercial lighting industry. Partners will invest $1m of own 'skin'. Needs $4m to get started.