ClassOne completes new funding round
ClassOne Technology, manufacturer of electroplating systems for MEMS, sensors, LEDs, opto-electronics, and RF substrates, has announced the completion of a major new round of funding from Salem Investment Partners of Winston-Salem, North Carolina.
"It's evident that 2016 will be another significant growth year for ClassOne Technology," said Byron Exarcos, CEO of ClassOne. "With this new funding we will fill order backlogs and address a forecast that is strong and rapidly increasing. This surge in business is coming from the many emerging markets that build products on 200mm and smaller substrates.
"These users are looking for advanced plating performance at an affordable price - and that's precisely what Solstice systems are designed for. As a result, more and more of these companies are ordering our tools. And that now includes many of the top-tier manufacturers from around the world."
"We're delighted to see the exceptional and sustained growth that ClassOne Technology is achieving across the US, Europe and Asia," said Meredith Jolly, vice president at Salem Investment Partners.. "It's even more remarkable given that the company just introduced the Solstice system two years ago. It's great to be on a winning team and to be able to contribute to their success."
ClassOne's Solstice electroplating line is designed specifically for ≤200mm wafer processing, Solstice tools are available in three different models and can electroplate a range of metals and alloys, either on transparent or opaque substrates. The company also just announced their Plating-Plus capability which allows Solstice to perform additional processing - such as Metal Lift-Off, Resist Strip and UBM Etch - along with plating on one tool.
