EXCLUSIVE–Must Credit EdisonReport
Rambus, with a market cap of $1.4B, burst into our industry a few years ago with strong IP centered around their Light Guide technology, which was quickly picked up by one large conglomerate and one formerly large conglomerate. We saw the products displayed at LIGHTFAIR in 2014 and later that year at one of the large rep shows in New York. The technology was impressive as the optics were specifically designed to effectively shape light within a thin edgelit light guide while creating a uniformly lit glowing surface.
Rambus has a facility near Cleveland where they produced the light guides.
EdisonReport can confirm that the business is closing. According to their press release, Rambus states that Lighting has been “roughly break-even.”