Laser Light Engines Secures $13 Million Series B Financing

Laser Light Engines (LLE) announced today it has closed a $13 million Series B financing round from returning investors Braemar Energy Ventures and Harris & Harris Group Inc., (Nasdaq: TINY) and from current strategic partner IMAX Corporation, (Nasdaq: IMAX).

LLE will use the Series B funds to accelerate expansion of its product development, engineering and marketing organizations. The company will also develop a custom version of its laser engine for use in IMAX digital projection systems, making IMAX the exclusive large format cinema user for up to three years. LLE will also provide outsourced research and development for IMAX, per the agreement previously announced in July, 2010.