Although just barely out of the starting gate, this company of 11 is sitting on a product that stands to have a huge impact in the lighting market. Light-Based Technologies has developed a simple electrical system for controlling LED lights, allowing dimming and colour balancing. The system is cheap and it hooks right into the light-switch socket, so installing it requires almost no rewiring.
What makes this technology so exciting, according to our experts panel, is that the entire LED lighting industry is currently forced to use a single dominant control system for LEDs: the pulse-width-modulation system, patented by Dutch giant Royal Philips Electronics. The introduction of Light-Based Technologies’ linear mixing system has the potential to shake up the entire industry.
According to CEO Jeanette Jackson, the company is currently in negotiations with major global lighting companies that want to use Light-Based Technologies’ system in their own products, but details about any potential orders have yet to be announced.
“The fundamental intellectual property they’ve developed is just really valuable to big industries,” says one of our panellists. “The markets are potentially huge.”
