Daylight Solutions Closes $7,500,000 Series `A' Financing.POWAY, Calif. -- Daylight Solutions today announced the closing of $7.5 million in Series `A' financing. The round was led by San Diego-based HamiltonTech Capital Partners, and included investments from Masters Capital Nanotechnology and strategic partner Magnecomp International Limited. Daylight Solutions is a manufacturer of miniaturized, molecular detection and imaging devices, with applications in non-invasive medical diagnostics, homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States , and a variety of industrial markets. The company's products are based on its intellectual property in miniaturized, broadly tunable, mid-infrared lasers. Advantages of mid-infrared lasers for use in molecular detection and imaging have been known for decades. Daylight Solutions' innovative technology pulls this science out of the laboratories, and creates commercially viable products that allow integration into portable, mainstream applications. "We are especially excited by the wide variety of commercial as well as military applications for this platform technology. The markets for miniature, tunable, low-cost laser engines will be very large and sustainable. Dr. Day and his team have the innovative IP, as well as the industry and business experience to grow this company into a major `engine' and subsystem A unit or device that is part of a larger system. For example, a disk subsystem is a part of a computer system. A bus is a part of the computer. A subsystem usually refers to hardware, but it may be used to describe software. player," said HamiltonTech Senior Managing Director Paul Bouchard. Daylight Solutions recently received the PHAST/LFW "2006 Most Innovative Product of the Year" award for its tunable, mid-infrared light engine that targets both scientific and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and applications. "We have excellent IP and strong capabilities in the areas of miniaturizing and manufacturing molecular detection and imaging engines. These products enable applications in a variety of commercially important areas, and we are thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to be working with our investors to bring these solutions into volume markets," said Dr. Timothy Day, Chairman, 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. and CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. for Daylight Solutions. "This investment will allow us to fully execute on our manufacturing and business development plans, and further secures the company's position as the world leader in mid-infrared technology," said company President and COO (Cell Of Origin) See mobile positioning. Paul Larson Paul Larson (Per-Åke Larson) is a computer scientist. He is most famous for inventing the linear hashing algorithm with Witold Litwin. Paul Larson is currently a senior researcher in the Database Group of Microsoft Research. . About Daylight Solutions Daylight Solutions was founded in January 2005 by industry veterans Dr. Timothy Day, Paul Larson, and Salvatore Crivello. The company is a developer of molecular detection and imaging instruments for both scientific and mainstream applications in multiple markets. Daylight Solutions' platform technology consists of miniature, mid-infrared laser engines that are broadly tunable and operate at room temperatures. This enables small, hand-held, portable devices, which are extremely sensitive to the presence of very small amounts of molecules in real-world environments. |
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