LightLab and the Nanotechnologies and Nanomaterials Centre of the Russian Republic of Mordovia (NNCM), have signed a Letter-of-Intent
LightLab and the Nanotechnologies and Nanomaterials Centre of the Russian Republic of Mordovia (NNCM), being an affiliated project company of RUSNANO’s Fund for Infrastructure and Educational Programs, have signed a Letter-of-Intent
LightLab Sweden AB and NNCM have signed a Letter-of-Intent. The parties intend to start a co-operation in August 2014 and are together investigating the basis and conditions for industrialization of the EEE Light® technology. The co-operation is based on LightLab’s technology and market competence and on RUSNANO’s and their partner’s ability to take the technology to the market and competence to execute further product development.
LightLab and the RUSNANO group have been in dialog for a long time and both parties now judge the time to be right for an extension of the engagement. The overall target is to create an industrial co-operation within a wide area, including both production and R&D, with the Russian market for general lighting as the basis for the co-operation.
“The mission of the RUSNANO group is to create a nano-industry in the Russian Federation and to become the leading Russian technology investor globally, entering the world’s top rank of investors in high-tech business by 2020. To start a co-operation with an organization with this ambition is very encouraging and stimulating. Our ambition is to take our technology to the market with a knowledgeable and financially well connected partner and RUSNANO is a very good match for LightLab”, says Jan-Erik Lennefalk, CEO, LightLab.
”A co-operation with LightLab is in line with RUSNANO organization’s ambition to invest in new advanced nanotechnology with a clear commercialization potential corresponding to the requirements of Russian end-customers”, says Dmitry Krakhin, CEO, NNCM.
If you have any questions, please contact:
Jan-Erik Lennefalk, CEO
Mobile: 46 (0) 702 51 91 92
Per Olsson, Investor Relations
Mobile: 46 (0)730 80 49 59
E-mail: per.olsson@lightlab.se
This is LightLab Sweden AB
LightLab Sweden AB (publ), www.lightlab.se, has developed an environmentally friendly energy-saving bulb for general lighting based on field emission and cathode luminescence. It is energy efficient and exhibits good values for colour balance and colour quality. The bulb does not contain any mercury, lead or other substances hazardous to the environment. Laboratory activities are carried out by a subsidiary in Taiwan, LightLab Asia. The technology behind the bulb is applicable in a host of other applications, each of which offers considerable potential. LightLab has over 4,000 shareholders. The company's shares are listed on NASDAQ OMX First North. The company’s certified adviser is Erik Penser Bankaktiebolag.