updated: 4/15/2009 8:08:23 AM

[UPDATED] Purdue Team Outlines Plans to Produce Efficient Lighting

InsideINdianaBusiness.com Report

 Team member Carlos Kemeny says the technology being developed would make production of LED chips less expensive and more attractive to consumers.

A team of Purdue University students is moving forward with plans to produce low-cost, energy efficient light-emitting diode (LED) chips. Team member Carlos Kemeny says the plan is to develop the technology at Purdue's Birck Nanotechnology Center in Discovery Park and begin production by the fourth quarter of 2010 at the Purdue Research Park. The team recently won $25,000 at a competition at Oak Ridge National Laboratory in Tennessee. They will be leaving today for Rice University to present their plan.

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Source: Inside INdiana Business

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The students are preparing to incorporate their company currently known as SiMetal.

Kemeny says the team is comprised of students and advisors from the university's business and engineering schools, highlighting the importance of interdisciplinary collaboration in order to successfully bring new technologies to market.

Source: Inside INdiana Business

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Press Release

Oak Ridge, Tenn. -- A Purdue University students' business plan for making low-cost, energy efficient lights has won first place in the Global Venture Challenge Idea to Product Competition at Oak Ridge National Laboratory.

The winning team took home the grand prize of $25,000 for a presentation on their company, SiMetal, which specializes in fabrication of low-cost, light-emitting diode, or LED, chips. The Purdue team members are James Cruse, Carlos Kemeny, Matthew Lynall and Isaac Wildeson.

Second place and a $10,000 prize went to the Clark Atlanta University-Morehouse College team for a presentation on their company, Apex Plastics. The Clark-Morehouse team members are Donald Hylton, Kamau Sewell, and Yemaya Stallworth-Bordain.

Third place and $5,000 went to the Duke University team and their company, CPS Biofuels. Duke team members are Jacqueline Coates, Lauren Knish, Hosoon Lim, Takayuki Yamazaki, and Gerry Grune.

The teams were judged by panels of energy executives, venture capitalists, technologists, entrepreneurs and legal experts.

ORNL Director Thom Mason and Tom Ballard, director of ORNL Partnerships Directorate, presented the team prizes.

The Global Venture Challenge, now in its third year, is an educational contest featuring entrepreneurial and technology-based business proposals presented by students from around the world.

This year's challenge, supported by the Department of Energy's Office of Industrial Technologies and UT-Battelle, also included an Energy Venture Showcase of energy efficiency products and services from several participating companies.

ORNL is managed by UT-Battelle for the Department of Energy.

Source: Oak Ridge National Laboratory

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