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BLUGLASS LIMITED — Capital/Financing Update 2020
Dec 1, 2020
64532_rns_2020-12-01_b303ee73-576b-458b-b028-1ddfec199c2a.pdf
Capital/Financing Update
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2 December 2020
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Notice of Option Expiry
Australian semiconductor technology developer, BluGlass Limited (ASX:BLG) confirms the lapse of 2,000,000 unlisted options with an exercise price of $0.28 and an expiry date of 1 December 2020.
BluGlass confirms that there are no further unlisted options currently on issue.
This announcement has been approved for release by the board.
About BluGlass
BluGlass Limited (ASX: BLG) is a global leader commercialising a breakthrough technology using Remote Plasma Chemical Vapour Deposition ( RPCVD ) for the manufacture of high-value semiconductor devices such as laser diodes , next generation LEDs and microLEDs . BluGlass has invented a new process using RPCVD to grow advanced materials such as gallium nitride (GaN) and indium gallium nitride (InGaN). These materials are crucial to the production of highefficiency devices used in next-generation devices from lighting, displays, virtual reality systems and industrial cutting and welding.
RPCVD’s unique low temperature, low hydrogen growth platform offers many potential benefits to electronics manufacturers over existing growth techniques; including higher efficiency, lower cost, greater substrate flexibility and has the potential to enable novel applications.
In 2019, BluGlass launched its direct-to-market Laser Diode business unit to exploit its unique tunnel junction technology capability in the high-value and high-margin laser diode market. BluGlass expects to launch its first laser diode commercial product in 2021. Contact : Stefanie Winwood +61 2 9334 2300 [email protected]
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