ProPhotonix designs and manufactures laser modules and LED systems and light engines predominantly for the machine vision market with operations in Ireland and the U.K.

The Company has significant expertise, know-how and proprietary technology in the LED array and light engine space. Utilizing the Company's chip-on-board LED technology, its expertise in thermal management, electronics and optical systems, the Company produces high powered LED arrays. The Directors believe that this technology and know-how can be applied to significant and growing markets such as the general illumination and medical markets. The Directors believe that the Company can repeat the success it has had in securing customers in the area of medical applications in these new markets.

The Company has proven ability to produce products for highly demanding applications and supply customers with critical components. The Directors believe that the quality of its customer base can act as an endorsement for its products and capabilities and can assist in attracting new customers.

The Company's area of focus, High Brightness LED applications, is projected to exhibit strong growth in the medium-term across a wide range of markets, notably the general illumination market where the transition from traditional incandescent and fluorescent mediums to more energy efficient LED technology is just beginning. The increased application of LED technologies in these markets is supported by government mandates in many countries to improve energy efficiency. The Company plans to address a number of specific markets in the general illumination sector, including architecture, entertainment, industrial and commercial lighting.

Listing exchange: AIM

Expected first day of trading: 2010-09-30

Expected money raised: £5-10M