News Article
Funding will accelerate refurbished deposition and etch equipment rollout
Point 35 Microstructures, a European company has announced that it has received significant initial equity funding from Close Ventures.
Point 35 Microstructures, a European company has announced that it has received significant initial equity funding from Close Ventures. Based across two sites in Livingston and Edinburgh, Point 35 Microstructures has developed the memsstar platform Etch and Deposition system The investment will allow memsstar to accelerate the roll out of its SVRTM and SPDTM systems specifically targeted at the needs of the MEMS manufacturing community. It also increases investment on additional applications development for the memsstar systems. In addition, this capital injection will provide extra service and technology products for the business which supplies full specification used equipment solutions to the semiconductor and MEMS industries. Mike Leavy, CEO of Point 35 and its memsstar Technology division, said: "Point 35 and memsstar are already proven and successful complementary businesses built upon our core competencies of etch and deposition process technology. We have consolidated an enviable reputation both for the capability and quality of our products in the MEMS and semiconductor industries. This new partnership with Close Ventures provides the basis for the worldwide roll out of our products and services along with the development of additional product capabilities. We are exceptionally pleased to have found in Close Ventures an investor with broad technological experience and extensive business development experience to help maximise the value of our proposition."
