Eden Park Illumination Receives $2,000,000 New Funding

  • Feed Type
  • Date
    2/24/2010
  • Company Name
    Eden Park Illumination
  • Mailing Address
    903 N Country Fair Drive Champaign, IL 61821
  • Company Description
    Eden Park Illumination is a young dynamic lighting technology company anchored in over fifty years of technology heritage through our affiliation with the Laboratory of Optical Physics and Engineering at the University of Illinois. We are leaders in the areas of research, development and commercialization of Microplasma. Our team includes business and technology experts from diverse backgrounds and nationalities who collaborate to innovate and achieve excellence. We are aware of the impact of today’s lighting technologies on our environment, and are continuously working to ensure that the products we develop and sell evolve with the changing needs of the environment.
  • Website
    http://www.edenpark.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $2,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Based in Champaign, Ill., the company plans to use the new money to commercialize its flagship product: a 36 square-inch panel (just a quarter inch thick) that generates 15 to 20 lumens of cool white light per watt. It consists of two pieces of glass, a phosphor, wire mesh and an emitter. It is expected to sell for $30, but distribution is still being arranged. Interestingly, the Air Force is testing it for various applications, and may sign a contract with the company pending results.
  • M&A Terms
  • Venture Investor
    Illinois Finance Authority
  • Venture Investor
    Yellowstone Capital