Collaboration will strengthen market penetration in Asia, Europe and US

Oree Inc., developer of LED planar illumination technology, announced today that it has secured an investment from Epistar Corporation, Taiwan’s largest manufacturer of LED chips. The funding is a demonstration of the strong strategic relationship between the two companies.

Oree has developed a differentiating technology that brings LED lighting to a new level of efficiency and practicality in terms of energy consumption and cost. Oree’s solid-state light source is thin and flat – about the size and shape of a credit card – and is ideally-suited for general lighting applications, decorative and architectural lighting, as well as backlighting for LCD panels. Oree is currently working with selected customers in Asia and Europe, and will be in high-volume production by early next year.

As one of the world’s leading chip suppliers, Epistar Corporation is dedicated to partnering with companies that have novel and promising technologies. Epistar has been manufacturing chips for Oree since 2007. Continued collaboration will strengthen market penetration in Asia, Europe and the US for both companies.

“Oree has introduced a game-changing LED technology and brought some great talent to the market,” said BJ Lee, Chairman of Epistar Corporation. “I am excited about our shared vision."

 “By investing in Oree, Epistar has demonstrated confidence in the significant market potential of our technology,” said Eran Fine, founder and CEO of Oree. “This funding will help us meet our high-volume production goals, as well as expand our global reach.”

About Oree

Established in 2006, Oree pioneered the LED planar light source and is currently the leading developer of LED planar lighting. Oree’s technology addresses the needs of the lighting market, enabling thin and efficient illumination of large areas. Oree’s patented technology allows general lighting and backlight manufacturers to significantly increase system efficiency and dramatically reduce the cost of LED-based systems.

For more information: www.oree-inc.com.

About Epistar Corporation

Epistar Corporation, headquartered in the Hsin-chu Science-based Industrial Park, Taiwan since September 1996, focuses on developing, manufacturing and marketing high brightness Light Emitting Diode (LED) products. Applying its own proprietary Metal Organic Vapor Phase Epitaxy (MOVPE) technology, Epistar has successfully commercialized the full spectrum range of high brightness LEDs with the characteristics of compact size, low power consumption and long operation life.

For further information, please visit: http://www.epistar.com.tw.