Light-Based Technologies (LBT) has closed the second tranche of a financing round totalling $7.5m. The series B Round of investment was lead by cleantech-focused venture capital firms VantagePoint Venture Partners and Chrysalix Energy Venture Capital. As part of the investment, LBT has added to its management team, appointing Art Aylesworth as CEO, Matthew Watson as COO and Barry Hagglund as CTO. Aylesworth was recently CEO of Carmanah Technologies for five years, during which time sales grew to over $60m and the workforce increased by more than t...

Light-Based Technologies announced the release of their first LB4™ LED Controller application, Triac Dimming for LED Fixtures. This application capitalizes on the capabilities of LBT’s proprietary linear mixing system and the biggest need in the general Solid State Lighting (SSL) market, standard wall dimming control.

Light-Based Technologies has developed an analog control circuit for a plurality of light sources. The company has been issued U.S. Patent No. 7,570,183 on August 4th, 2009 to protect this invention. According to the U.S. Patent & Trademark Office, the invention relates to "a system of generation of multi-channel analog output signals, from a single analog input signal, and the controlled activation of peripheral devices responsive to the multi-channel analog output signals."