Aegis Semiconductor Secures $10 Million in Series C Financing; Tunable Thin Films Company Differentiates Itself with Low Cost Silicon Optics.Business Editors/High-Tech Writers WOBURN, Mass.--(BUSINESS WIRE)--May 6, 2004 Aegis Semiconductor, an emerging leader in dynamic optical components and systems, today announced that is has secured a Series C round of financing for $10 million, bringing the company's total investment to more than $27 million. The round of financing was completed with participation from all existing investors including St. Paul St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery Venture Capital, Alta Partners, YankeeTek Ventures, Technology Venture Partners, Stata Stata (Statistics/Data Analysis) is a statistical program created in 1985 by Statacorp that is used by many businesses and academic institutions around the world. Most of its users work in research, especially in the fields of economics, sociology, political science, and Venture Partners, and Megunticook Management. "Aegis' progress to date has been outstanding," said Bill Cadogan, general partner at St. Paul Venture Capital. "Aegis has moved vision to reality with flawless execution that has delivered products, established key worldwide distribution relationships, and ramped sales. This latest round of funding is testament to Aegis' ability to execute on their business plan and build significant value." The capital investment will be used to accelerate revenue growth in the communications market and to continue to develop the Active Thin Films(TM) technology platform. Aegis has become widely recognized for its innovation in tunable thin film filters that are offered in small packages at very compelling price points. The additional funding will also be used to further leverage the Active Thin Films platform in new market segments. "This additional funding is a great sign of confidence in Aegis," said Matthias Wagner Matthias Wagner (or Matze) is a German programmer who has created utilities for games made by Westwood Studios, Electronic Arts and Petroglyph. Westwood Studios FinalSun FinalSun is an advanced map editor for Tiberian Sun. , founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Aegis Semiconductor. "We are well-positioned to drive forward and continue to assemble the key ingredients for success." About Aegis Semiconductor Aegis Semiconductor is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. that builds solutions for intelligent optical systems. Based on its tunable thin film technology, Aegis is the first company to deliver low-cost dynamic optical components that are reliable and easily manufactured using well-tested methods from the semiconductor industry. Aegis has secured more than $27 Million in funding from leading investors and venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. including St. Paul Venture Capital, Alta Partners, YankeeTek Ventures, Technology Venture Partners, Stata Venture Partners, and Megunticook Management. The company is located in Woburn, Massachusetts Woburn (/'wu.bə(r)n/) is a city in Middlesex County, Massachusetts, USA. The population was 37,258 at the 2000 census. Woburn is the birthplace of Anglo-American scientist Benjamin Thompson, a.k.a. , USA. More information can be viewed at www.aegis-semi.com. |
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