Pacific Light Technologies (PLT), the maker in quantum dot downconverters for solid state lighting and displays, announces that Robert Walker, Ph.D. has joined their Board of Directors to aid the transition of the company from a development stage to the commercial phase of their growth. Robert Walker, a veteran of the solid-state lighting industry, brings a deep level of experience and understanding in the markets and applications of LEDs. Bob is currently CEO of an early-stage start-up, and from 2005 to 2007 was CEO of high-power LED lighting company Bridgelux...

Pacific Light Technologies working from the Portland State University Business Accelerator, has landed a $3 million venture capital round led by local investor groups. The company has closed $2 million of the Series A round led by the Oregon Angel Fund and Portland-based venture capital firm Pivotal Investments. CEO Ron Nelson, who also contributed to the round, said another $1 million has been committed and should close by the end of July. The 13-person company is developing a technology which will allow manufacturers of long-lasting LED lights to provide be...