News Article
Sp3 receives major investment from Seki Technotron
sp3 Inc., supplier of diamond film products, equipment and services, announced a major capital investment from existing partner Seki Technotron Corporation, Japanese sales and marketing company specialising in high technology industries.
sp3 Inc., supplier of diamond film products, equipment and services, announced a major capital investment from existing partner Seki Technotron Corporation, Japanese sales and marketing company specialising in high technology industries. The investment which gives Seki more than 10 percent ownership, will allow sp3 to further develop the use of diamond in advanced technology applications as well as expand the penetration of sp3 Diamond Technologies’ CVD diamond products into advanced technology markets.
“Seki’s decision to expand its participation in sp3 as an investor speaks volumes about the growing markets for the use of diamond. While Seki’s willingness to invest in the development of sp3’s products and technology highlights our leadership position in the diamond deposition market,” said Jim Herlinger, chairman and CEO of sp3, Inc. “This investment will allow us to bring to market additional thin-film and free standing diamond products. As well as applications that can be implemented across the spectrum of advanced technologies, including MEMS, wafer scale diamond and other semiconductor electrochemical applications.”
Seki and sp3 entered into a business relationship in August 2004. Since that time Seki has served as the worldwide distributor for sp3’s Hot Filament CVD Diamond Deposition Systems. Seki also offers sales and service of its own AX Series microwave plasma CVD systems. The company maintains sales and services operations in Asia and the US, including Japan, China, Taiwan, Singapore, Korea, and California.
“As long time distributor of CVD diamond equipment, we’ve seen first hand the quality of sp3’s products and their path to broad, cost effective commercialisation of CVD diamond. Since this enhances the value of CVD diamond to manufacturers across a broad range of industries. Making an investment in sp3 is a logical extension of our existing relationship with the company,” stated Makoto Seki, President of Seki Technotron Corp.
“As a material diamond is poised, especially in technology and electronics applications, to move front and centre because of its unique, cost-effective thermal properties. sp3 has the materials knowledge and product base to bring diamond to the manufacturing mainstream.”
“Seki’s decision to expand its participation in sp3 as an investor speaks volumes about the growing markets for the use of diamond. While Seki’s willingness to invest in the development of sp3’s products and technology highlights our leadership position in the diamond deposition market,” said Jim Herlinger, chairman and CEO of sp3, Inc. “This investment will allow us to bring to market additional thin-film and free standing diamond products. As well as applications that can be implemented across the spectrum of advanced technologies, including MEMS, wafer scale diamond and other semiconductor electrochemical applications.”
Seki and sp3 entered into a business relationship in August 2004. Since that time Seki has served as the worldwide distributor for sp3’s Hot Filament CVD Diamond Deposition Systems. Seki also offers sales and service of its own AX Series microwave plasma CVD systems. The company maintains sales and services operations in Asia and the US, including Japan, China, Taiwan, Singapore, Korea, and California.
“As long time distributor of CVD diamond equipment, we’ve seen first hand the quality of sp3’s products and their path to broad, cost effective commercialisation of CVD diamond. Since this enhances the value of CVD diamond to manufacturers across a broad range of industries. Making an investment in sp3 is a logical extension of our existing relationship with the company,” stated Makoto Seki, President of Seki Technotron Corp.
“As a material diamond is poised, especially in technology and electronics applications, to move front and centre because of its unique, cost-effective thermal properties. sp3 has the materials knowledge and product base to bring diamond to the manufacturing mainstream.”
