BlueShift Technologies Secures Series B Investment from Intel Capital; Intel Capital joins Atlas Venture and North Bridge Venture Partners in BlueShift's $12 Million Series B Financing Round.ANDOVER, Mass. -- BlueShift blue·shift n. A decrease in the wavelength of radiation emitted by an approaching celestial body as a consequence of the Doppler effect. [ (TM) Technologies, manufacturer of the QuickLink(TM) wafer processing platform with innovative linkable linear geometry, today announced securing an investment from Intel Capital. Intel Capital joins North Bridge Venture Partners and Atlas Venture Atlas Venture is an international early-stage venture capital firm that invests in communications, information technology, and life sciences companies. Atlas Venture has investing offices in Boston, London, Munich, and Paris, and its investments are evenly divided between the to complete BlueShift Technologies' Series B financing round totaling $12 million. BlueShift's QuickLink platform has the potential to increase semiconductor manufacturing efficiency in the current 300mm geometry as well as in future 450mm wafer production, with inherent adaptability to migrate from 300mm to 450mm in a cost effective manner. "Innovative companies that bring additional flexibility and cost improvements to semiconductor manufacturing further enable the industry as a whole." said Dylan Steeg, Investment Manager, Intel Capital. "This substantial funding by major investors reinforces our contention that BlueShift's wafer handling system represents the future of semiconductor vacuum processing, providing significant advantages over current fab systems," said BlueShift president 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. Peter van der Meulen. "The series B investment will accelerate our product launch activities and fuel our expansion in international markets." About Intel Capital Intel Capital, Intel's venture capital organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software and services targeting enterprise, home, mobility, health, consumer Internet and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$4 billion in more than 1,000 companies spanning more than 30 countries. During this time, about 160 portfolio companies have been acquired and another 150 have gone public on exchanges around the world. In 2005, Intel Capital invested about US$265 million in about 140 deals with approximately 60 percent of funds invested outside the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com. About Atlas Venture Atlas Venture is a leading early-stage international venture capital firm that invests in technology and life sciences businesses in the U.S. and Europe. Since its inception in 1980, its Partners have helped build over 300 companies in more than 15 different countries. In the past decade, 25 portfolio companies have been acquired and 37 are now public companies with an aggregate market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of over $12 billion. Atlas Venture is currently investing from its seventh fund and manages over $2 billion in capital through offices in Boston, London, Munich, and Paris. For more information, visit www.atlasventure.com. About North Bridge Venture Partners North Bridge Venture Partners is an active, early-stage venture capital firm based in the Boston area. With approximately $1.3 billion under management, North Bridge focuses on investments in the communications, software and other technology markets. Working closely with entrepreneurs, North Bridge adds value by providing strategic guidance, specific industry knowledge, team-building skills and an in-depth understanding of both private and public financings. Past investments include ArrowPoint Communications, Cascade Communications Cascade Communications was a Westford, Massachusetts based manufacturer of communications equipment. Founding Cascade was founded by Desh Deshpande in 1990, and was led by CEO Dan Smith. Product Cascade made a compact Frame Relay system. , eRoom Technology, Phase Forward, Solidworks, Sonus Networks, Sycamore sycamore: see plane tree. sycamore Any of several distinct trees called by the same name though in different genera and families. In the U.S. the term refers to the American plane tree or buttonwood (Platanus occidentalis), a hardy street tree. Networks and Wellfleet Communications Wellfleet Communications was an Internet router company based in Billerica, Massachusetts. In an attempt to more effectively compete with Cisco Systems, it's chief rival, it merged in October, 1994 with SynOptics Communications of Santa Clara, Calif to form Bay Networks in a deal . For more information about the company, please visit http://www.nbvp.com. About BlueShift Technologies BlueShift Technologies, Inc. develops and markets linkable and highly adaptable vacuum automation products for semiconductor manufacturing. BlueShift's QuickLink platform features an innovative linear geometry that offers significant benefits over current cluster tool equipmenta compact, efficient and flexible design with smaller system footprint and increased throughput at substantially lower cost. QuickLink empowers OEMs to cost-effectively adapt PVD PVD abbr. peripheral vascular disease PVD Peripheral vascular disease, see there , CVD CVD Cardiovascular disease, see there , Etch To create a design in a material by digging out the material. The circuit designs on printed circuit boards and chips are etched by acid. See chip and printed circuit board. and other advanced processes to evolving nano-manufacturing requirements. For more information visit www.blueshifttech.com or email marketing@blueshifttech.com. Copyright 2006 BlueShift Technologies, Inc. BlueShift and QuickLink are trademarks of BlueShift Technologies, Inc. |
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