Laser Light Engines announced on Tuesday that it has raised $13 million in its second round of financing, from investors including IMAX Corporation(NASD: IMAX) and previous backers Braemar Energy Ventures and Harris & Harris Group.
New Hampshire-based Laser Light Engines said it will develop a custom version of its laser engine for use in IMAX digital projection systems.
“The explosion of 3D and Digital Cinema worldwide has projector manufacturers and, ultimately, exhibitors looking at our high-brightness light source to replace traditional Xenon arc lamps and solve the brightness issues associated with 3D presentation,” said Laser Light Engines CEO Doug Darrow.
The company will also use the funds to accelerate product development, engineering and marketing efforts.
Authored by Mark Hefflinger on September 21, 2010 – 6:10am.
link to original post: http://www.dmwmedia.com/news/2010/09/21/laser-light-engines-raises-13-million-pacts-imax