Laser TV News &Laser Television 29 Oct 2011 09:14 am
Laser Phosphor Display Gets Huge Funding
It’s being widely published, Prysm, a San Jose-based developer of digital display technology, said it has landed $100 million in new funding to begin volume production of its Laser Phosphor Display (LPD) technology, which allows for life-size digital experiences from any viewing angle. The identities of the investors were not disclosed.
The company, which now has attracted more than $135 million since its inception, said its displays are already in use by brands such as American Eagle Outfitters and People’s United Bank in Boston, as well as CNBC’s Mad Money with Jim Cramer and Dubai Sports TV. Prysm’s laser technology is based on their patented method of using lasers reflected off a bank of micromirrors to excite pixels on the television screen in a similar way to cathode ray tubes.
“We are now in volume production and investing in training and support for our solutions in major markets around the world,” said founder and CEO Amit Jain. Prysm’s vice president of panel development and manufacturing, Patrick Tan, pointed out the fact that its technology has almost no requirement for new components gives the company a great advantage. All components, including the phosphors, mirrors and lasers are widely available, which makes development time short and reduces the time before production can be ramped up.
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