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Silecs Closes Expansion Financing Round of $7.7 Million
Additional funds for electronic materials supplier continue to fuel expansion of production and global sales
Mountian View, California, February 6, 2006 - Silecs, Inc., a manufacturer of dielectric materials for the semiconductor and flat panel display industries, announced today that it has raised a new financing round to expand its operations. The additional funding of approximately $7.7 million was provided by existing institutional investors and also includes further government backed financing.
"Silecs has been busy ramping up production to meet strong customer demand for our products," said Jaakko Kokko, CEO of Silecs. "We are pleased with the continued strong support of our customers and investors in our expansion."
"We are excited to continue backing Silecs in its growth into a major force in the electronic materials market", said Jonas Risberg, investment director of InnovationsKapital. "Silecs is the only supplier in its market that is purely dedicated to serving the dielectric needs of semiconductor and display customers, and we believe that customers are finding that focus and dedication very attractive."
About Silecs
Silecs is a global developer and manufacturer of silicon-oxygen polymers. These precision dielectrics and coatings enable production of ever-denser microelectronic devices as Moore’s Law progresses. Using nano-particles, the company tailors product performance to the most critical and demanding customer requirements, ranging from temperature to transparency. Its principal locations and customer partnerships include: China-Taiwan, Finland, Japan, Korea, Singapore, and the US. The company can be found at www.silecs.com.