Energetiq Technology (Woburn, MA), developer and manufacturer of specialized short-wavelength light products for applications in biooptics and semiconductor manufacturing applications, raised additional capital in its Series C round of financing. The financing was led by a new investor, Ushio (Tokyo, Japan), and supported by existing investors including Intel Capital and Shea Ventures.
Paul Blackborow, Energetiq's CEO, said, "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 U.S. patent. We plan to adapt this new light source technology for use in life science analytical instrument applications and semiconductor manufacturing."
Tatsushi Igarashi, executive VP for Technology at Ushio, said, "We at Ushio were impressed by Energetiq's ability to rapidly develop and commercialize 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 centers across the U.S., Europe, and Asia. Using patented technology, Energetiq says its 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 nanoscale devices.
For more information, go to www.energetiq.com.