Nov. 13, 2006 — UTEK Corp., a specialty finance company focused on technology transfer, and Cyberlux Corp., a provider of LED lighting solutions, announced that Cyberlux has acquired SPE Technologies Inc., a wholly owned subsidiary of UTEK Corp., in a restricted stock transaction.

Prior to the Cyberlux acquisition, SPE Technologies Inc. held the worldwide exclusive license to a number of pending patents for the Scattered Photon Extraction (SPE) methodology, developed at Rensselaer Polytechnic Institute. These packages are designed to enable higher luminous efficacy with down-converted white light illuminators constructed with LEDs.

In contrast to traditional white LED packages, the SPE packages place the phosphor and/or down-conversion materials, such as quantum dots, at locations remote from the LEDs. The optic surrounding the LED’s die is shaped to extract a significant portion of the down-converted white light that is otherwise absorbed and lost as waste heat within the traditional LED packages.

“The SPE technology increases light output and efficacy of white LEDs, and could play a important role in the evolution of white LEDs for lighting in homes and offices,” said Nadarajah Narendran, director of research at Rensselaer’s Lighting Research Center, in a prepared statement.