Holiday Creations - Diogen Lighting, Inc. and Evident Technologies, Inc. today announced the signing of an exclusive licensing and purchase agreement to enable a new type of LED to be commercialized in the seasonal light strand market in the US and Canada. The technology is centered on semiconductor nanocrystals, also known as quantum dots, and allows for never-before-seen colors and new design possibilities for the fast growing LED decorative light strand market.
"As consumers become more aware of the energy savings afforded by LED lights, they are switching from the traditional incandescent lights. The problem with current LEDs is that their color selection is limited. Imagine if you only had five colors to choose from for painting, coloring or decorating," stated John Hayes, CEO, Holiday Creations/Diogen Lighting."This new technology gives us a wide range of colors for holiday and decorative lighting. We are excited to be able to offer these colorful new products to our customers immediately for sale in retail stores beginning in 2009."
Traditional LEDs are energy efficient, but are fundamentally limited to a handful of colors like, red, blue, yellow and green. Phosphors can be used to alter the color but the color pallet is still limited. Evident's quantum dot technology removes these limitations, and enables LEDs to emit any color, including high quality white light. Dotstrand™ Energy Efficient Lights are colorful strands utilizing these quantum dot LEDs and are distinctive for their attractive retail packaging design.
"We chose Holiday Creations as our partner for this technology because they are a progressive, forward-thinking, market leader with an established track record. We are eager to see their new line of light strand products and the dotstrandTM brand in US and Canadian retail stores," said Clint Ballinger, CEO Evident Technologies.