Strategies In Light Investor Forum
February 12, 2013
___________

The Investor Forum provides a unique opportunity for venture capitalists and investment professionals in the clean tech sectors to learn about investment opportunities in LED and lighting. CEOs from a selection of the leading start-ups in this field, from all levels of the supply chain, will provide investors with details about their company‘s technology, business plan, and prospects for growth. The Investor Forum will conclude with a lively panel discussion with a group of venture capitalists and bankers on the challenges and rewards in investing in this industry.

Tuesday, February 12

Plenary

9:00 - 9:30 Overview of Worldwide LED Industry

Presenter:
Ella Shum
Director LED Market Research
Strategies Unlimited

Abstract
This presentation will provide a review and update of worldwide market developments in HB LEDs and SSL in 2012. Top level market growth trends will be discussed, as well as developments in each of the major application areas, including lighting. In addition, a market forecast through 2017 will be presented.

Bio
Ella Shum heads the market research in all application segments of the LED industry at Strategies Unlimited. She is also conference chair for the Strategies in Light events. Prior to joining Strategies Unlimited, Shum was General Partner at YEBY Associates, a consulting firm specialized in the LED industry. At YEBY, she was part of the initial phosphor sales team for Intematix and an early advisor to China’s SSL program. Shum was Managing Director of the R&D Lab at Emcore where she managed the development of TurboDisc reactors and epi research including LED technology. She was a marketing and sales executive for many years and she served as Vice President and Chief of Staff at BroadVision Inc. Shum received her MBA from The Wharton School, University of Pennsylvania and her B.Sc. in Computing Science from Imperial College, London.

9:30 - 9:45 Digital Lumens

Presenter:
Tom Pincince
CEO
Digital Lumens

Company Description
Digital Lumens develops patented Intelligent Lighting Systems specifically designed to maximize performance, efficiency and economics of LED lighting in industrial environments. From warehouses, manufacturing, cold storage facilities, to maintenance depots and hangars, the system is proven to reduce lighting energy use by up to 90% while improving light levels. By integrating smart LED fixtures—all with occupancy sensing and daylight harvesting —and lighting management software, the System provides light when and where needed, makes it easy to adjust lighting settings as needed, and provides accessible reports on all lighting system metrics and performance.

Bio
With a track record of entrepreneurial and corporate success, Tom is responsible for strategy and management of Digital Lumens. Previously, Tom was President, Chief Executive Officer and Founder of Brix Networks, and of New Oak Communications, a pioneering leader in Virtual Private Network (VPN) switches. Before starting New Oak, Tom was Director of Forrester Research’s Network Strategy Service. He holds a B.S. in Neural Science from Brown University.

9:45-10:00   Neofocal Systems

Presenter:
Tsutomu Shimomura
Founder & CTO
Neofocal

Company Description
Neofocal Systems is a privately held fabless semiconductor company producing chipsets for fine granularity LED lighting control. Our products are the key components for networks of individually addressable "smart LEDs" , requiring only a single-conductor serial interconnection to provide both power and control signals. Neofocal's innovative solutions enable unprecedented versatility and flexibility in lighting and display systems,  while simultaneously improving efficiency and reducing cost and complexity.

Bio
Tsutomu Shimomura is a physicist with extensive experience as an entrepreneur and technologist. His past experiences include research appointments at the Los Alamos National Laboratory and the University of California, San Diego, as well as being the founder and CTO of Geocast Network Systems. He is currently CEO and CTO of Neofocal Systems, Inc., as well as a Senior Fellow at UCSD.

10:00-10:15  Enlighted Inc.

Presenter:
Rich Green
Senior Vice President of Products and Technology
Enlighted Inc.

Company Description
Enlighted improves built environments by making them responsive to the people and functions they support. Its leading-edge sensors, analytics, and controls reduce energy costs and increase occupant comfort. Enlighted’s advanced analytics incorporate unique environmental, occupancy, and activity data, creating new applications and new opportunities for enterprise-wide efficiencies, productivity, and profitability. For building operators, Enlighted is a non-disruptive, easy-to-deploy, reliable system that makes it simple to customize and adapt workspaces according to comfort, energy savings, and space utilization goals. With the Enlighted Lighting Control application, over 35 Fortune 500 companies have reduced lighting energy costs by 50 to 75 percent for an average payback of two years.

Bio
Rich has been at the helm of some of the most innovative technologies and business models in enterprise software, develop platforms and networking. He brings extraordinary insight into how those models can be extended to serve high-performance buildings and the Internet of Things. Rich was Sun Microsystems’ chief Java advocate; he served as GM of Java, Java Developer Tools and the EVP of all of Sun’s Software. Prior to Enlighted, Rich was CTO of Nokia.

10:15-10:30 NuLEDs Inc.

Presenter:
Chris Isaacson
CEO/CTO
NuLEDs Inc.

Company Description
NuLEDs design, manufactures and markets low-voltage, energy efficient, networked LED lighting fixtures and accessories. Our products are powered, controlled, monitored and managed via standard IT network infrastructure from Cisco, HP, Netgear, Juniper and others. In partnership with these industry giants, we will lead the charge to open up a whole new world by integrating lighting into the “internet of things”. NuLEDs intelligent luminaires and software go beyond the marginal increase in energy efficiency gained by replacing existing lamps with LED types to create a system that maximizes efficiency and increases the comfort and utility of a building and its occupants simultaneously--- wherever people live work or play

Bio
Chris is the Architect of NuLEDs PoE intelligent lighting and sensor system. Inventor of NuSPICE (NuLEDs Single Packet Illumination Control Environment). Over a 28 year career, Principal Inventor on 12 issued patents (six related to LED lighting) and 6 patents pending.  Chris has 12 years experience in the LED lighting industry as General Manager of Numinus, LLC and CEO of NuLEDs, Inc.

10:30 - 10:45         Break

10:45 - 11:15       Lighting: An Industry in Disruptive Change- Impact on Industry Network and Business  Models

Presenter:
Wolfram Unold
Senior Vice President, Corporate Strategy
Osram AG

Abstract
LED technology includes a disruptive change of the lighting industry. LED technology does not only enable new ways of lighting but will also create new opportunities for fostering the convergence with other industries. This presentation explores the benefits of co-operations between a leading global, incumbent player and small ,innovative  companies.

Bio
Dr. Unold heads the Corporate Strategy and Market intelligence team of OSRAM GmgH.  Before his corporate position he lived several years in APAC with general management responsibility in OSRAM’s Specialty Lighting Business Unit. Prior to joining OSRAM Dr. Unold was a senior project manager at SIEMANS Corporate Finance M&A department, closing several transactions  in the Energy and Industry sectors.  Dr. Unold has a degree in Physics and PhD in economics.

11:15 - 11:30         Indice Ecotech

Presenters:
James Hamond
CTO & Co-Founder
Indice Ecotech

James Eccleston
Strategic Business Development & Marketing Manager
Indice Ecotech

Company Description
Indice Ecotech is a fabless semiconductor company dedicated to R&D of advanced power control technology. We have already demonstrated the ability to revolutionise products in the lighting industry, with premium power control solutions for dimmable MR16 ‘halogen replacement’ LED downlights. Our power control solutions incorporating ‘Active Temperature & Power Management’ enable high efficiency, long operational life, and broad compatibility with existing transformer and dimmer infrastructure.

Bio
James Hamond  has conducted extensive research in high tech fields including: embedded systems, robotic systems and power control. He is a collaborative inventor of the INDICE control system, a neural-node based decision algorithm which is at the heart of the company’s advanced power control solutions, including proprietary dimmable LED Driver IC’s targeting MR16, AR111 and mains voltage LED applications.

11:30-11:45  NEXT Lighting

Presenter:
Tom Katona
Vice President of Products
Next Lighting

Company Description:
NEXT Lighting was founded in San Francisco in 2009 with a vision to develop environmentally friendly lighting solutions for the mass market.  NEXT Lighting is pursuing the holy grail of solid-state lighting—the linear replacement lamp which represents 45% of all lighting.  NEXT Lighting’s proprietary thermal management system and optical design uniquely enables meeting the challenging requirements of a variety of linear lighting applications.  With its sleek design, and minimal part count, NEXT Lighting’s products offer a compelling economic value.  After three years of research and product development, NEXT Lighting has recently begun production in the United States.

Bio
Thomas Katona leads engineering and product marketing for NEXT Lighting.  He previously served in roles as Director of Business Development and Director of Marketing for Soraa Inc., helping commercialize the first GaN on GaN LED lighting lamp.  Before that, he managed R&D efforts at SET Inc., developing the first commercial deep UV LEDs.  He has a Ph.D. in Electrical Engineering from UC Santa Barbara and an MBA from the Moore School of Business.

11:45-12:00  Pacific Light Technologies

Presenter:
Ron Nelson
CEO
Pacific Light Technologies

Company Description:
Pacific Light Technologies (PLT) rare-earth free semiconductor nanocrystals enable all color-converted LEDs to operate with significantly higher color quality and higher efficiency.  While quantum dots (QDs) have been actively researched for 20 years with limited commercial success, PLT’s breakthrough designs operate in the challenging environment of high-power LEDs and will replace today’s inefficient phosphor down-converters.  The founders, previously at SpectraWatt, first worked on QD downconverters for solar applications, but realized that even greater potential existed in the SSL market.  PLT acquired the SpectraWatt IP and has assembled a team of experts in the fields of QDs, nanomaterials, polymer chemistry, and optoelectronics technology commercialization.

Bio
Ron was previously CEO of Agility Communications (acquired by JDS Uniphase), CEO of an MDV-funded energy harvesting company, and an EIR at Battery Ventures focusing on solar and SSL.  Ron began his career at Bell Labs, leading the team that developed the first widely deployed InP laser for optical communications. He was co-founder of Lytel, a manufacturer of lasers, LEDs and datacom modules acquired by Tyco and also a VP at Motorola.  Ron has a PhD from the University of Illinois where he studied under Nick Holonyak, Jr., the inventor of both the visible and the semiconductor laser.

1:00-1:30     Liquidity and Valuation Trends in LED and LED Lighting

Presenter:
Dan Coyne
Managing Director
Canaccord Genuity

Abstract
Mergers and acquisitions remain a relevant topic in the rapidly-evolving LED and LED lighting market.  Large players and smaller enterprises are all concerned about access to capital, the future outlook, financial and operational stability, particularly as the trend towards “vertical integration” persists and the difference in profitability margins across the value chain.  A senior investment banker at Canaccord Genuity, Dan Coyne, will elaborate on the valuation and consolidation trends in the LED and LED Lighting.

Bio
Dan Coyne serves as a Managing Director in Canaccord Genuity’s Investment Banking Group.  He is senior leader of the U.S. investment banking team in Sustainability & CleanTech.  Dan joined Adams Harkness (merged into Canaccord Adams in January 2006 and subsequently renamed Canaccord Genuity) in 1998 to assist in the development of the firm's semiconductor device and capital equipment franchises. During his investment banking career, Dan has worked on a variety of equity and debt financings and mergers and acquisitions assignments, participating in over 160 transactions with an aggregate value exceeding $12.0 billion.  Since 2005, Dan has sourced and closed 85 transactions, including 10 private placements, 8 IPOs, 29 follow-on offerings, and 38 M&A projects. Within the Sustainability & CleanTech sector, and in addition to diverse experience in Technology transactions, Dan has completed transactions in advanced materials, solid-state lighting, instrumentation, green building products, recycling, solar and energy-efficiency services.

1:30-1:45     LED Engin

Presenter:
David Tahmassebi
CEO
LED Engin

Company Description:
LED Engin, based in California’s Silicon Valley, develops, manufactures, and sells advanced LED emitters, optics and light engines to create uncompromised lighting experiences for a wide range of entertainment, architectural, general lighting and specialty applications.  LuxiGen™ multi-die emitter and secondary lens combinations reliably deliver industry-leading flux density, upwards of 5000 quality lumens to a target, in a wide spectrum of colors including whites, tunable whites, multi-color and UV LEDs in a unique patented compact ceramic package. Our LuxiTune^TM series of tunable white lighting modules leverage our LuxiGen emitters and lenses to deliver quality, control, freedom and high density tunable white light solutions for a broad range of new recessed and downlighting applications. The small size, yet remarkably powerful beam output and superior in-source color mixing, allows for a previously unobtainable freedom of design wherever high-flux density, directional light is required.

Bio
David Tahmassebi joined LED Engin in September 2006 as President and CEO. Prior to joining LED Engin, Mr. Tahmassebi served as entrepreneur-in-residence at WK Technology Funds.  Mr. Tahmassebi was President and CEO of two fabless semiconductor startup companies; Berkana Wireless ultimately sold to Qualcomm (QCOM), and President, CEO and co-founder of Resonext Communications, an 802.11 semiconductor company which was sold to RF Micro Devices (RFMD).   Mr. Tahmassebi received his BS in electrical engineering from University of Maryland. 

1:45-2:00     Lumenetix

Presenter:
James Kingman
CEO
Lumenetix

Company Description:
Founded in 2009, Lumenetix designs and produces  LED light engines and components and OEMs these products to lighting fixture manufacturers worldwide. Lumenetix leads the industry in developing innovative light engine modules with robust color software models that reproduce natural daylight as well as off Planckian color points and custom dimming profiles.  These radio controlled, color tunable modules introduce the true promise of what LED lighting will become. 

Bio
Mr. Kingman is founder and CEO of Lumenetix and also was the founder of the contract manufacturing company InnerStep. As CEO of InnerStep he used the company as a platform for launching various venture-backed companies over the past 15 years.   In driving the growth of these companies and now the LED light engine manufacturer Lumenetix, he has leveraged his extensive background in outsourcing services, advanced technologies, and new product introductions.   Previously Mr. Kingman worked in venture capital, and he also held several senior marketing positions with Emerson Electric, both in the US and in Europe. He holds Bachelor of Science degrees in Physics and Electrical Engineering from Bucknell University and an MBA from Stanford University.

2:00-2:15     SunSun Lighting

Presenter:
Qian Lin
Director Business Development
SunSun Lighting

Company Description
SunSun Lighting is an innovative company involved in R&D, manufacturing and popularization of LED lighting. Relying on independent and leading technologies of LED driving and system integration, powerful research and development strength and abundant international venture investment as well as low-cost advantage from vertical integration of the whole industrial chain, the company endeavors to promote revolution in solid-state lighting and truly bring the LED lighting to everyone.

Bio

Ms. Lin joined SunSun Lighting in 2012 when she helped the company to open US office. Passionate in new energy and entrepreneurship, she is responsible for developing and implementing marketing and sales strategy for SunSun Lighting in North America.  Prior to SunSun Lighting she was heading business development for Alibaba US. Before Alibaba, Ms Lin was a Director at Yahoo! Inc leading the strategic planning and development of mobile and audience product globally.

2:15-2:45     LED-Global Lighting Trends

Presenter:
Vrinda Bhandarkar
Director of Research, LED Lighting
Strategies Unlimited

Abstract
While Japan has made progress in adopting LED replacement lamps, the rest world is in the initial stages of adopting LED lighting. As the world moves to ban incandescent lamps, LEDs have seen increased acceptance in lighting applications. The presentation will be a review of LED lighting market in 2011, highlighting the factors that will drive growth.  A brief overview of the demographic, economic and technology trends together with the regulatory landscape will be presented. Considering the global factors that affect the demand and supply conditions, a preliminary forecast for LED lighting markets for major applications will highlight the opportunities and threats for the LED industry as the lighting markets transform.

Bio
Vrinda Bhandarkar joined Strategies Unlimited in 2006 to track the emerging LED lighting markets. Since then, she has written industry reports on LEDs in Lighting, LED Lighting Luminaires/Fixtures and LED Replacement Lamps, LED Outdoor Area and Street lighting and LED Driver ICs.

Vrinda is a valued participant in custom research projects for major players in the LED lighting industry. She and has presented the results of her research in the LED industry at many events, including the DOE Solid State Lighting Workshops on Market Transformation and Manufacturing and the U.S. National Research Council; conferences organized by SEMI, Semicon West, SID, ETimes, and World Green Energy Forum (2012); LEDs Magazine Webcast on “Opportunities and Challenges for LED Lighting Fixture Market in 2009”. She has authored several articles that have appeared in LED industry magazines. She has two master’s degrees- Economics and Sociology.   

2:45-3:00     Break

3:00-3:15     Heilux Optoelectronics

Presenter:
Ehssan Taghizadeh
CEO & President
Heilux, LLC

Company Description
Heilux optoelectronics is the creator of LumaFilm™, a customized LED light emitter. LumaFilm offers designers of luminaires a highly reliable, quality light delivered in an exciting new form factor at a breakthrough lower cost. Heilux believes that LumaFilm will unleash the pent-up demand for LED lighting that has accumulated as prospect buyers wait for lower prices. These breakthrough developments from Heilux are the result of patent-pending innovations in both materials science and manufacturing methods. The underlying inventions were created by an experienced team of product developers whose expertise was augmented by a diverse and talented “technology advisory group” from industry, science and academia.  LumaFilm emitters are Made in the USA.

Bio
Ehssan Taghizadeh has a unique combination of skills in semiconductor, computer software, and lighting with advanced degrees in microelectronics chip designs. For more than 20 years, he has enjoyed a successful career in ASIC design as well as engineering management. This hands-on experience prepared him for advancements into senior leadership where he has held CEO positions with computer equipment maker Comtrol Corporation; computer and network security device maker Digitiliti, then joining Heilux as CEO at the start of 2012. His education credentials include completing coursework for a PhD in Microelectronics, earning a Master of Science in Microelectronics and Microprocessor Chip Design, and a Bachelor in Electrical Engineering, all from the University of Minnesota.

3:15-3:30     EldoLED America Inc.

Presenter:
Gilles Abrahamse
CEO
eldoLED America Inc.

Company Description
eldoLED is a world leader in intelligent driver solutions for LED based lighting systems. eldoLED’s Drive, Networking and Control technologies are embedded in a complete range of efficient, fully dimmable and programmable drivers for white and full color lighting applications. Through its profound lighting focus, eldoLED enables its customers and end users lighting solutions that are smarter, sleeker, and more beautiful then ever before.

Bio
As General Manager, Gilles is responsible for executing eldoLED’s business in North America. Gilles has more than 15 years experience in the international LED business including system design, LED packaging and operations & supply chain. Prior to joining eldoLED Gilles’ held various senior management positions with Lumileds in Eindhoven, Penang, and San Jose. Gilles holds a Master’s degree in Mechanical Engineering from Eindhoven University of Technology.

3:30-4:30     Investor Panel Discussion

Moderator:
Robert Walker
CEO
Stealth start-up

Bio
Dr. Walker is CEO of an early-stage venture backed start-up in the optoelectronics space.  He was previously a partner at Sierra Ventures. He is a veteran of the solid-state lighting industry, where he was CEO of BridgeLux, Senior Advisor to the Chinese government, pioneered Intematix's phosphor sales, authored reports for Strategies Unlimited, and chaired global conferences. He held a variety of sales and marketing positions in the Pacific Rim at EMCORE (now Veeco MOCVD) from 1993 to 2001.

PANELISTS

Dipender Saluja
Capricorn  Investment Group

Bio
Dipender Saluja is Managing Director at Capricorn Investment Group, a private investment firm headquartered in Palo Alto, California, where he oversees investments and helps incubate companies in energy technology, clean tech, and IT. H is current areas of interest are solar, electrification of vehicles, energy storage, smart grid, wind and water. Dipender is also President & CEO of Automatiks Inc, a Capricorn portfolio company that is developing electronic connectivity platforms for electric & hybrid vehicles, storage and smart grids. Prior to Capricorn & Automatiks, Dipender was Chief of Staff at Cadence, a global market leader in electronic design.

Jed Dorsheimer
Principal. Sr. Equity Analyst
Canaccord Genuity

Bio
Jonathan (Jed) Dorsheimer serves as Principal, Sr. Equity Analyst at Canaccord Adams. By leveraging his knowledge of compound semiconductors and device physics, Jed has differentiated his research from the Street by identifying emerging trends such as Solid State Lighting. Through bottoms up analysis and tireless market diligence, Jed has built a franchise known for fundamental research and credited with identifying key companies within that show the greatest promise of maintaining or disrupting incumbent technologies.

Anil Tammineedi
Angeleno Group

Bio
Anil Tammineedi focuses on investments in energy efficiency, transportation, LED Lighting, smart grid and waste/recycling companies at Angeleno Group, a leading energy and natural resources sector-focused investment firm. Prior to joining Angeleno Group in 2008, Anil gained operating experience with seven years at Broadcom working on a variety of Analog/RF semiconductor products. He holds eight patents and has represented Broadcom in two next-generation IEEE Standard committees. His prior investing experience includes his work at Applied Ventures, the corporate venture arm of Applied Materials. Anil earned an MS from Iowa State University and an MBA from the UCLA Anderson School of Management, and is a Kauffman Fellow.

Pete Moran
General Partner
DCM

Bio
Pete Moran is a General Partner at Venture Capital firm DCM.  Pete anchors DCM’s investments that focus on improving energy efficiency as well as digital entertainment/education.  Pete has worked at several companies in the Electronics and Entertainment Industries including McKinsey, KLA Instruments, Hewlett-Packard, Agilent and Arrow Electronics.  Pete serves on several boards of his portfolio companies.  Pete received a B.S. and M.S. in Mechanical Engineering from Stanford University.  He also earned an M.S. in Electrical Engineering from Massachusetts Institute of Technology, where he was a Leaders for Manufacturing Fellow, and an M.B.A. from the MIT Sloan School of Management.  He lives in Los Altos with his wife and 3 children.