|| Print ||
|Articles - July/August 2013|
|Monday, July 08, 2013|
Page 4 of 4
The office of Pacific Light Technologies in the Portland State Business Accelerator building is a hive of intensity. In a cramped room without any reception area, workstations are aligned in tight rows, and many employees don’t look up from their tasks when the office door creaks open.
One of the founders of the company, Juanita Kurtin, and current CEO Ron Nelson emerge from the back row of desks and head toward a small conference room across the hallway. Kurtin, 38, an Intel alumni and previous employee at the Intel-funded SpectraWatt solar company, started PLT after SpectraWatt went bankrupt in 2011. She felt SpectraWatt’s research in quantum dots — tiny nanocrystals that glow when stimulated by a source such as ultraviolet light — was too good to let languish.
Nelson, a seasoned veteran of at least two successful startups, is a 2010 transplant to Oregon from the Bay Area. Nelson says he was skeptical about nanotechnology. But after he saw Kurtin’s pitch on how PLT dots could make LED lighting soft, white and pleasing — and less expensive — he led the due-diligence investment team for OAF, then stepped down to become PLT’s CEO.
Another employee brings in a box, bigger than a shoebox but smaller than a breadbox, affixed with two dome-shaped lights on its top. One of the lights is a standard LED whose glass cover has a heavy-metal-based phosphor coating — the same type used in fluorescent lights. The other light, which Kurtin turns on with a small knob, is like a softer, warmer and still incredibly bright version of the first one. On the inside of this light’s small glass dome is a coating of nanocrystal quantum dots that make the second light more pleasant to the eyes than the first. PLT believes its coating will not contain expensive “rare earth” metals and will be cheaper than phosphors to produce and sell. Currently, a 100-watt LED bulb retails for more than $50.
Nelson is quick to say PLT expects to produce its quantum-dot coating in marketable amounts this year and generate revenue by 2014. PLT has surmounted quantum dots’ reliability issues for use directly on LEDs, and will “soon” begin production, he adds, without specifying where.
Oregon, Nelson says, has been good to PLT. “As a transplant from Silicon Valley, the startup climate is better than I thought it would be. Within 60 days from my first email about PLT, we managed to get the team together, get money, buy equipment for pennies on the dollar from SpectraWatt, and get going.”
Nelson and Kurtin are keenly aware that in spite of PLT’s strong patent portfolio, a good team and trade secrets, the startup is in a very crucial time. “We have three major competitors making coatings for similar applications. It is survival of the fittest,” Nelson says. “A lot of what will happen can’t be predicted. It can be a great technology and be too early or too late, miss its window or somebody just out-executes.”
Nelson doesn’t try to peer into the company’s future, keeping what he calls “necessary blinders” on to focus on the formidable challenge of getting the company’s coatings to market.
“Even with a sexy technology, you have to solve real problems and build a business based on what your customers really need. While I like the challenge of creating an economically sustainable company and making lighting better across the world, it’s also a bit like playing the roulette wheel.”
He acknowledges that venture capitalists are always nervous about having their investments far away, and he has firsthand experience trying to manage an unsuccessful Pasadena, Calif. company that was distant from its Silicon Valley investors. But ONAMI got PLT off the ground with $250K of seed money, and Nelson hopes to be in Oregon for the long run.
“Those dollars really powered this thing,” he says. “It was probably the difference right there of PLT staying in Oregon and making it or having our technology wither on the vine.”
Wednesday, August 19, 2015
BY JACOB PALMER
Live, Work, Play wit the CEO of Ruby Receptionists.
Friday, July 10, 2015
BY LINDA BAKER
Market of Choice is on a tear. In 2012 the 35-year-old Eugene-based grocery chain opened a central kitchen/distribution center in its hometown. The market opened a third Portland store in the Cedar Mill neighborhood this year; a Bend outpost broke ground in March. A fourth Portland location is slated for the inner southeast “LOCA” development, a mixed-use project featuring condos and retail. Revenues in 2014 were $175 million, a double-digit increase over 2013. CEO Rick Wright discusses growth, market trends and how he keeps new “foodie” grocery clerks happy.
Monday, August 03, 2015
BY KIM MOORE | RESEARCH EDITOR
Pushing the extreme.
Tuesday, July 14, 2015
The Big One serves as an allegory for Portland, a city that earns plaudits for lifestyle and amenities but whose infrastructure is, literally, crumbling.
Thursday, August 06, 2015
Car and ride sharing services have taken urban areas by storm. Low-income and suburban communities are left at the curb.
Wednesday, July 15, 2015
Former Governor John Kitzhaber's resignation in February prompted some soul searching in this state about ethical behavior in industry and government.
Wednesday, August 19, 2015
BY AMY MILSHTEIN
Training, from the mundane to the sublime, bolsters companies and workers in an uncertain world.
|Child care challenge|
|Is there life beyond Reed?|
|University of Oregon plans facility named after Marcus Mariota|
|Facebook doesn't need to know everything about you|
|Hackers access more than 225k Apple accounts|
|Companies offer wearables for your dog|
|Umatilla targets homeless camps|
|Obama has votes for Iran deal|
|A Bouquet of Beer in Bend|
For good or ill, gay marriage inspires many people. They have strong feelings about it. Sometimes those strong feelings are grounded in religion and sometimes they are not. When the workplace is added to the mix, emotions tend to run high. After giving an overview of two current situations, The Bullard Edge is going to outline three key points for consideration and clarity.
Yesterday, a divided National Labor Relations Board dropped another hammer on the employer community. In a long-awaited and much debated move, the Board jettisoned the decades old standard for determining when two independent businesses should be considered joint employers of an individual worker for collective bargaining purposes.
Transforming the culture of Oregon’s educational leadership.
Attendance, breakfast buffet, materials, certificate of attendance and parking are all complimentary on behalf of the firm.
New regulations are in effect and more updates are on the horizon, are you prepared?
The Oregon Entrepreneurs Network (OEN) is pleased to announce 16 finalists — from over 60 nominees — for the 2015 OEN Tom Holce Entrepreneurship Awards.