Atlantis Components, Inc. Secures $12.5 Million in Series C Equity Financing.CAMBRIDGE, Mass. -- Syndicate Includes New Investor Danaher Corporation Atlantis Components, Inc., an innovator in the dental implant dental implant n. An artificial tooth that is anchored in the gums or jawbone to replace a missing tooth. dental implant market, today announced it has successfully completed its $12.5 million Series C Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". financing. This financing included new investor Danaher Corporation (Washington, DC). Present shareholders VIMAC VIMAC Venture Investment Management Company LLC (Boston, MA) VIMAC Visually Impaired Media Access Consultants Ventures, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (Boston, MA) and American Bailey Ventures LLC (Stamford, CT) also participated in the Series C financing. Proceeds of the financing will be used to increase global market penetration of Atlantis' line of high quality dental components. The company designs and produces state-of-the-art, patient-specific components using advanced optical methods, expert system-based design software and computer-aided manufacturing technologies. These patented capabilities enable Atlantis to create products that are highly customized to the needs of each patient and clinician. Atlantis' innovative restorative products provide significant clinical, esthetic es·thet·ic adj. Variant of aesthetic. and economic advantages to both patient and dental practitioner. Danaher Corporation (NYSE NYSE See: New York Stock Exchange :DHR DHR De Heer (Dutch: Mister) DHR Department of Human Resources DHR Department of Historic Resources (Virginia) DHR Dihydrorhodamine DHR Device History Record DHR Director of Human Resources ) is a leading industrial company that designs, manufactures and markets innovative products, services and technologies with strong brand names, proprietary technology and significant market positions (www.danaher.com). It has two principal businesses, Process Environmental Controls and Tools & Components, across six strategic platforms, its newest platform being Medical Technology. In May 2004, Danaher completed the acquisition of Kaltenbach & Voigt GmbH (KaVo), headquartered in Biberach, Germany. KaVo is a worldwide leader in the design, manufacture and sale of dental equipment, including handpieces, treatment units and diagnostic systems and laboratory equipment (www.kavo.com/en). "Our participation in this financing confirms our belief that Atlantis has a unique proprietary technology and an advanced product leadership position," said Daniel A. Pryor, vice president - strategic development for Danaher Corporation. "Collaboration between Atlantis and KaVo offers the prospect to transform restorative dentistry restorative dentistry n. The branch of dentistry that deals with the restoration of diseased, injured, or abnormal teeth to normal function, as by crowns. and achieve significant growth for both companies." Upon the closing of the financing, Douglas G. Bailey, chief executive officer of Atlantis Components stated, "We are pleased to commence this strategic relationship with Danaher, which has a remarkable record of success and will be a valued partner. Each company shares the same vision regarding the role of technology in simplifying procedures for dental practitioners and laboratories, while achieving improved clinical and esthetic results for patients. The combination of KaVo's technological expertise with Atlantis' patient-specific design capability represents a complementary and logical progression in the continued evolution of computer-aided dentistry." About Atlantis Components, Inc. Atlantis Components, Inc. uses a patented process that employs 3D optical scanning, automated design software and integrated machining to manufacture individualized in·di·vid·u·al·ize tr.v. in·di·vid·u·al·ized, in·di·vid·u·al·iz·ing, in·di·vid·u·al·iz·es 1. To give individuality to. 2. To consider or treat individually; particularize. 3. components for the dental implant market that simplify the restorative procedure and improve outcomes for patients and practitioners. Atlantis is a privately held, venture capital funded, growth-stage company located in Cambridge, MA. For more information about Atlantis, please visit www.atlantiscomp.com. |
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