BluGlass Limited (ASX: BLG) is an information technology company headquartered in New South Wales, Australia. BLG is engaged in developing and commercializing Remote Plasma Chemical Vapour Deposition (RPCVD), a breakthrough semiconductor technology having a low temperature and flexible nature. RPCVD is used to manufacture high-performance devices such as LEDs, power electronics and concentrated solar cells. RPCVD offers higher efficiency, lower cost, substrate flexibility, and scalability.
Today, the company has declared that it will be associating with AIXTRON SE (FSE: AIXA) to assess BLG’s RPCVD technology through AIX 2800G4-HT system, the first integration to be conducted at BLG’s Silverwater facility in Sydney, Australia.
AIXTRON SE is a technology company providing metalorganic chemical vapor deposition equipment to the semiconductor industry. The company is headquartered in Herzogenrath, Germany and it has offices located all over Asia, the United States, and Europe. AIXTRON is a listed company with its securities trading over the Frankfurt Stock Exchange. Its technology is used to manufacture advanced components for electronic and optoelectronic applications based on the compound and organic semiconductor materials. These components are used in Laser and LED applications, display technologies, data transmission, etc.
To evaluate the scaling of RPCVD technology to mass production capacities, BLG has opted for the AIX 2800G4-HT system. AIXTRON’s registered trademark Planetary Reactor aims at delivering a class-leading semiconductor film uniformity through its proprietary dual axis of wafer rotation during deposition. Through the low-temperature deposition of III-V nitrides, the RPCVD technology has the potential of improving the performance of the devices.
As per the BLG’s management, this collaboration with AIXTRON will help BLG to demonstrate the commercial viability of RPCVD technology in large-scale manufacturing. The AIXTRON management commented that they would like to explore the potential of the RPCVD technology to further explore new possibilities for opto/electronic devices.
On 18 December 2018, the company announced that it had successfully demonstrated the functioning tunnel junctions to enable cascade LEDs, a device where two or more LEDs are grown in a continuous vertical stack using a tunnel junction to interconnect the multiple LEDs in a single chip, through its unique as-grown and activated p-GaN (AAG) technology by RPCVD. BLG has been designing and developing its tunnel junction capability for several years, initially for triple-junction InGaN solar cells.
BLG Facility upgrade was almost complete, and it took the delivery of the AIX 2800G4 system, and the first of two new systems were installed in the new cleanroom. The second system is expected to arrive in this month. The upgraded facility would provide additional capacity for industry collaborations to reflect the benefits of RPCVD platform technology.
Further, BLG is no longer bounded by the arrangements and is in negotiations with Lumileds, a lighting company engaged in the manufacturing of LEDs, light bulbs, etc., to extend the alliance between the parties and potentially enter into a commercialization agreement.
During 2018, the scrip price was down by 47.95% falling from 36.5 cents at the beginning of the year to 19 cents on 31 December 2018. Following the news, the scrip price reached a high of 22 cents today and is currently trading at $0.190.
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.