CrayoNano: Secures Supply of UV-C LED Chips to Move to Mass Production ›
CrayoNano (NOTC:CNANO) has executed the first high-volume supplier contract, with an undisclosed manufacturer, for more than one million units of UV-C LED chips for the water disinfection market following our controlled market entry plan. The contract also guarantees a long-term ramp-up of capacity beyond 10 million units/year of manufacture. This is a strategic partnership to develop CrayoNano’s product roadmap based on market and customer requirements.
Support growing demand
The supplier is a specialist in semiconductor packaging technology and will manufacture a custom, high quality, high performance package specifically for CrayoNano’s series of UV-C LED products. Product specifications are co-designed with our key strategic customers, targeted at water disinfection in the Point of use and entry point apps. The product will be made available to selected key customers for controlled market entry.
“The current industry bottleneck with tight chip supply has been a major concern for CrayoNano. We have now proactively resolved the situation and continue our efforts to disrupt the UV-C LED market, where we are seeing growing demand for our solutions,” says Uthus.
Massive market growth The initial build volume will initially use industry-standard chip technology and components combined with CrayoNano’s optimized custom packaging and assembly technology. This is in preparation for the integration of CrayoNano’s nanowire chip architecture by testing and validating the supply chain and driving controlled market entry to enable a series of UV-C LED products focused on quality and reliability.
Following market entry and customer qualifications, CrayoNano will implement its proprietary architecture of nanowires and hybrid material chips in the same optimized package using the same assembly and testing processes, positioning CrayoNano for a leading position in terms of cost-performance ratio in the market.
Performing Controlled Market Entry The first order of pilot products will be delivered to customers in the first half of 2022. The pilot order will be used by customers to compare and qualify the product before placing orders. The first volume shipment will be scheduled to be available to select customers in Q3 2022.
Due to the substantial lack of UV-C LED products on the market, CrayoNano has obtained signed Letters of Intent (LOIs) from OEMs and influential industry system integrators (Tier 1 and Tier 2). “With our supply chain partners, we are now able to execute a ramp-up and commercialization of our nanowire and UV-C LED technology in line with our business plan. With this, CrayoNano will help solve the supply shortage in the UV-C LED market,” says Uthus.
CEO Jo Uthus
Email: [email protected]
Telephone: +47 72 90 98 60
CrayoNano develops and manufactures semiconductor components based on our expertise and technology in nanomaterials. Thanks to our patented and exclusive technology, our first application targets the growing disinfection market with high quality and efficient UV-C LEDs.
The company is headquartered in Trondheim, Norway and operates a fab-lite model with a global supply chain and global footprint to provide our customers with innovative semiconductor devices. Our vision is to enable new applications and solutions in the fields of health and safety, water purification, life sciences, consumer and industrial goods and the automotive industry. CrayoNano is registered on OTC in Norway under the symbol: CNANO.