US Crystal RS merges with Japanese company Asahi Kasei to accelerate the commercialization of UVC LED
Recently, Crystal IS Inc., a US UVC LED technology development company, announced that it has merged with Asahi Kasei, a Japanese compound semiconductor equipment manufacturer, to become a wholly-owned subsidiary of Asahi Kasei. After the merger, Crystal IS will be able to take advantage of Asahi Kasei's product engineering and manufacturing excellence to accelerate the commercialization of UVC LEDs.
The effective date of the merger is December 28, 2011, but the financial details of the acquisition have not been disclosed. The combined company structure will be based on their respective strengths. The R&D foundation and enterprise business development department will be managed by Crystal IS, and the product engineering and manufacturing excellence department will be led by Asahi Kasei, but the headquarters of Crystal IS will continue to be located in New York State.
The Asahi Kasei Group is one of Japan's largest diversified industrial conglomerates, and its electronics business includes Asahi Kasei Microdevices Corp., its unique compound semiconductor products with world-leading market share.
Crystal IS, Inc. is dedicated to the development of ultraviolet light-emitting diodes (UVCs) for aluminum nitride substrates. The company was previously awarded the Rensselaer Polytechnic Institute in Troy, New York, and has been receiving local government and US government and numerous innovations for many years. The support of investment funds, recent cooperation and strategic support came from Asahi Kasei Group and Sanan Optoelectronics Co., Ltd., further promoting the company's business development.
Crystal IS Chief Executive Officer and President Dr. Steven Berger said that the acquisition is an important milestone in the company's development and believes that the support of Asahi Kasei Group will ensure that its UVC LED business will be launched in the global market with the best quality.
The effective date of the merger is December 28, 2011, but the financial details of the acquisition have not been disclosed. The combined company structure will be based on their respective strengths. The R&D foundation and enterprise business development department will be managed by Crystal IS, and the product engineering and manufacturing excellence department will be led by Asahi Kasei, but the headquarters of Crystal IS will continue to be located in New York State.
The Asahi Kasei Group is one of Japan's largest diversified industrial conglomerates, and its electronics business includes Asahi Kasei Microdevices Corp., its unique compound semiconductor products with world-leading market share.
Crystal IS, Inc. is dedicated to the development of ultraviolet light-emitting diodes (UVCs) for aluminum nitride substrates. The company was previously awarded the Rensselaer Polytechnic Institute in Troy, New York, and has been receiving local government and US government and numerous innovations for many years. The support of investment funds, recent cooperation and strategic support came from Asahi Kasei Group and Sanan Optoelectronics Co., Ltd., further promoting the company's business development.
Crystal IS Chief Executive Officer and President Dr. Steven Berger said that the acquisition is an important milestone in the company's development and believes that the support of Asahi Kasei Group will ensure that its UVC LED business will be launched in the global market with the best quality.
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