News Article
Energetiq Technology secures series C financing
The company proceeds to advance development of novel short wavelength light sources.
Energetiq Technology, a developer and manufacturer of specialised short wavelength light products for advanced technology applications, announced that it has raised additional capital in its Series C round of financing. The financing was led by a new investor, Ushio and supported by existing investors including Intel Capital and Shea Ventures.
Paul Blackborow, Energetiq's CEO stated, "We are extremely pleased to have the strong support of these investment partners as we grow our sales and advance our R&D efforts in short wavelength light source technology. This funding will enable us to aggressively pursue the development of our latest light source innovation, the Laser Drive Light Source (LDLS), for which we were recently granted a US patent. We plan to adapt this new light source technology for use in life science analytical instrument applications and semiconductor manufacturing."
Tatsushi Igarashi, executive vice president for Technology at Ushio commented, "We at Ushio were impressed by Energetiq's ability to rapidly develop and commercialise valuable new technologies in the advanced light source area. We are pleased to participate in Energetiq's growth."
Since its beginnings in 2004, Energetiq has achieved significant success with customer adoption of its Extreme Ultraviolet (EUV) and Deep Ultraviolet (DUV) light source products in major research and manufacturing centres across the United States, Europe and Asia. Using patented technology, the Energetiq products have proven to be highly repeatable, reliable and cost effective sources of short wavelength light necessary in the production of the world's next generation nano scale devices.
Paul Blackborow, Energetiq's CEO stated, "We are extremely pleased to have the strong support of these investment partners as we grow our sales and advance our R&D efforts in short wavelength light source technology. This funding will enable us to aggressively pursue the development of our latest light source innovation, the Laser Drive Light Source (LDLS), for which we were recently granted a US patent. We plan to adapt this new light source technology for use in life science analytical instrument applications and semiconductor manufacturing."
Tatsushi Igarashi, executive vice president for Technology at Ushio commented, "We at Ushio were impressed by Energetiq's ability to rapidly develop and commercialise valuable new technologies in the advanced light source area. We are pleased to participate in Energetiq's growth."
Since its beginnings in 2004, Energetiq has achieved significant success with customer adoption of its Extreme Ultraviolet (EUV) and Deep Ultraviolet (DUV) light source products in major research and manufacturing centres across the United States, Europe and Asia. Using patented technology, the Energetiq products have proven to be highly repeatable, reliable and cost effective sources of short wavelength light necessary in the production of the world's next generation nano scale devices.
