Replisaurus secures funding for clean tech
Noble Venture Finance has committed a venture finance facility of €7 million for Replisaurus, which gives the company substantial resources to draw on as it integrates its innovative metallization technology into a high-volume manufacturing solution. The financing marks another important early step in Replisaurus' transition plan, as it prepares its technology for the global market.
The financing is one of the largest commitments that Noble Venture Finance has made to a technology company, and is a further endorsement of the significant speed and cost advantages that Replisaurus' technology offers. It also acknowledges the importance of the clean technology approach that is at the heart of Replisaurus' unique metallization process.
Earlier this year Replisaurus won a EuroAsia IC Industry Cleantech award for its ElectroChemical Pattern Replication (ECPR) technology, which eliminates many steps from the traditional packaging process, and also does away with solvents, developers and strippers.
"Noble Venture Finance recognizes the game-changing opportunities our system offers to the global chip market, and given the difficult economic climate, it shows that companies with strong, forward-looking technology can still attract investments," said James Quinn, CEO of Replisaurus. "Our economical, fab-friendly, environmentally clean technology will help other companies reduce their carbon footprint, and we take great pride in that," he added.
Along with its significant environmental benefits, ECPR reduces metallization complexity, boosts production speed, and represents a genuine insight and a major step forward for the chip industry. It addresses both technical and economic issues in one clean package, and initial target markets include key growth sectors such as integrated passives, copper pillars and 3D integration.
“Noble Venture Finance is delighted to have been selected by Replisaurus to provide financing to assist in the next stage of the company’s development," said Andrew Webster, a Director of Noble Venture Finance. "Replisaurus has a strong enabling technology focused on a large and growing market and it has impeccable cleantech credentials. It has attracted investment from the top tier of Europe’s venture capital community, and the first class management team has real passion that has attracted key industry specialists to join the company.”
Earlier this month, Replisaurus announced that industry heavyweight Mike Thompson, the former deputy CTO of STMicroelectronics, has joined the company as chief operating officer. Thompson will be in charge of the integration of Replisaurus' ECPR technology into a high-volume manufacturing solution, in preparation for commercial sales.
