June 24, 2014
ATEL Ventures Inc. ("ATEL") is proud to announce a new partnership with LED module producer Xicato, Inc. ATEL has provided Xicato with a multimillion dollar equipment financing facility to help bolster the company's production of a new line of LED modules at its San Jose, California, facility.
"Xicato goes above and beyond the original equipment manufacturer's already stringent processes by tuning each LED module so that it provides the best "quality of light", said Steve Rea, Executive Vice President of ATEL Ventures. “ATEL is pleased to be supporting Xicato in their efforts to push the LED industry to higher quality standards. We look forward to continuing our symbiotic relationship as they continue their prominent rise in the lighting industry."
Xicato is based in Silicon Valley and the company has offices in China, Japan, and Europe as well as throughout the U.S. Founded in 2007, Xicato's focus on high quality light and reliability has won praise from the lighting community and end-users alike and was recently recognized as "Best Industrial Partner by the Professional Lighting Design Conference. Installations using Xicato range from retail and museums to restaurants and hotels.