Dielectric Materials Supplier Silecs Completes Expansion Funding Round; Company Appoints Industry Veteran Dr. Steve Kirtley as Chairman of the Board.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. -- Silecs, Inc., a provider of dielectric dielectric (dī'ĭlĕk`trĭk), material that does not conduct electricity readily, i.e., an insulator (see insulation). A good dielectric should also have other properties: It must resist breakdown under high voltages; it should not solutions for the semiconductor industry, announced today that it has raised a further funding round to expand its global sales and application engineering support personnel and strengthen product manufacturing capabilities. The additional funding of approximately $6 million was led by a new investor, InnovationsKapital, and also includes investments from existing investors and government-backed funding. The company also announced that it has appointed Dr. Steve v. t. 1. To pack or stow, as cargo in a ship's hold. See Steeve. Kirtley as chairman of the board. Dr. Kirtley has been involved with the dielectrics industry since 1981, when he developed and commercialized the first spin-on glass (SOG) dielectrics at Allied Signal (later merged with Honeywell In 1927, the Minneapolis Honeywell Regulator Company was formed as a merger of Alfred Butz' temperature control company (1885) and Mark Honeywell's water heater company (1906). In 1957, Honeywell, along with Ratheon, introduced one of the first computers in the U.S., the Datamatic 1000. ). Under his leadership, Allied's business grew to the world's largest supplier of spin-on dielectric products, with sales to over 100 fabs around the world. In addition to his chairman role at Silecs, Dr. Kirtley continues to serve at Thomas West Thomas West can refer to:
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "We are very excited to have Dr. Kirtley bring his vast experience to Silecs, at a time when we are seeing strong customer interest for our products on a global basis," said Jaakko Kokko, 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 co-founder of Silecs. "We will use the new funding to expand our application engineering support, product manufacturing and delivery capabilities to exploit the large market opportunity in Asia, US and Europe." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jonas Risberg, investment director of InnovationsKapital, Silecs is positioned to be a leader in its market. "Silecs provides solutions to some of the semiconductor industry's key technical problems and we believe that Silecs' dielectric technologies will have a significant impact on the semiconductor industry's development." Risberg reported that Silecs has developed a range of products that satisfy key performance and integration requirements of semiconductor manufacturers, addressing both aluminum and copper processes. "This new round of expansion capital coincides with multiple new customer requests to evaluate Silecs' materials in their production facilities," noted Edward Colby, managing director of Viventures, a Silecs investor and board member. "The new capital will enable Silecs to accelerate the delivery of its products and services to these leading semiconductor manufacturers." About Silecs, Inc. Headquartered in San Jose, Calif., Silecs, Inc. provides specialty materials for the electronics industry with a focus on advanced dielectrics for semiconductor manufacturing. Silecs has developed a range of unique materials through molecular engineering to meet the performance and integration requirements of semiconductor customers, while helping to reduce their manufacturing costs. Silecs, Inc. 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. backed by leading investors, including Kleiner Perkins Caufield & Byers, Viventures Partners and InnovationsKapital. Additional information on Silecs can be found at www.silecs.com. |
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