Soraa readies LED light to replace halogen lamps
Fremont-based LED startup Soraa is ready to launch its first product, a lamp that will replace conventional halogen bulbs. Halogen lights are commonly deployed as recessed ceiling lights and spot lights on products in stores.
Soraa's new LED light uses about 75 percent less energy than incandescent and halogen bulbs, and lasts 25 times longer than halogen bulbs.
Founded in 2008, Soraa has received more than $100 million in venture funding. The company is preparing to launch volume production at its Fremont factory.
FormFactor says sales slump and losses deepen
Livermore-based FormFactor suffered a deeper loss and a slump in sales for its fourth quarter that ended Dec. 31, the maker of devices to test semiconductors said.