mLED, a newly-established spin-out company from the University of Strathclyde in Glasgow, has appointed Professor Nick Kuenssberg OBE as chairman and investor director. Kuenssberg's appointment has been secured by the company's founder and chief executive, Dr Jim Bonar, within weeks of the completion of a successful investment round led by Braveheart Investment Group.
Kuenssberg has wide experience of working in Europe and South America and a substantial track record with start-up and high tech businesses including chairmanships of Iomart Group and of ScotlandIS. He is currently chairman of three other private companies and has worked extensively in senior corporate roles with companies such as Coats Viyella, Dynacast International, Scottish Power and Standard Life.
The technology which mLED is commercialising, as a development platform for micro light sources, is applicable to a range of industries, including life sciences, communications and printing. Kuenssberg said: 'The attraction of this platform is demonstrated by international demand for demonstrator kits for a variety of applications from the US, China, Korea, Israel and Germany, leading to sales well ahead of plan.'