Hercules Provides $16 Million of Growth Capital and Equipment Financing to Rubicon Technology, a Later Stage Materials Science Solutions Provider.Hercules' financing to Rubicon enhances its semiconductor portfolio PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. -- Hercules Technology Growth Capital, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :HTGC HTGC High Temperature Gas Chromatography (chemistry) ), a leading specialty finance company providing growth capital to venture capital and private equity backed technology and life science companies, continues to add later stage companies to its growing portfolio. The Company today announced that on April 9, 2007 it provided $16 million of growth capital and equipment financing to Rubicon Technology, Inc. Rubicon specializes in creating innovative solutions to fit the needs of opto-electronics, compound semiconductor, and semiconductor fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. customers. The company's state-of-the-art facility houses the most advanced crystal growth and sapphire processing operations, supported by the latest quality control metrology metrology Science of measurement. Measuring a quantity means establishing its ratio to another fixed quantity of the same kind, known as the unit of that kind of quantity. equipment. The company is backed by a number of leading industry investors including AH Ventures, Cross Atlantic Partners, Gazelle gazelle, name for the many species of delicate, graceful antelopes of the genus Gazella, inhabiting arid, open country. Most gazelles are found only in Africa, but several species range over N Africa and SW Asia; the Persian, or goitered, gazelle ( TechVentures, K.B. Partners and River Cities Capital Funds. "The deep domain expertise and multi-decade experience of Rubicon's management team amplified Hercules' interest in providing venture leasing funds to support Rubicon's continued organic growth while enhancing Hercules' own semiconductor portfolio," said Roy Liu, managing director at Hercules. "Hercules' debt leasing financing program provides the springboard Rubicon needs to increase the capacity and sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. of our manufacturing capabilities in order to continue to bring evolving solutions and support rapid growth for our customers," said Raja M. Parvez, chief executive officer of Rubicon. About Hercules Technology Growth Capital, Inc.: Founded in December 2003, Hercules Technology Growth Capital, Inc. is a NASDAQ traded specialty finance company providing debt and equity growth capital to technology-related companies at all stages of development. The Company primarily finances privately-held companies backed by leading venture capital and private equity firms and also may finance certain publicly-traded companies. Hercules' strategy is to evaluate and invest in a broad range of ventures active in technology and life science industries and to offer a full suite of growth capital products up and down the capital structure to prospective clients ranging from early-stage growth to expansion stage companies. The Company's investments are originated through its principal office located in Silicon Valley, as well as additional offices in the Boston, Boulder and Chicago areas. Providing capital to publicly-traded or privately-held companies backed by leading venture capital and private equity firms involves a high degree of credit risk and may result in potential losses of capital. For more information, please visit www.HTGC.com. Companies interested in learning more about financing opportunities should contact info@HTGC.com, or call 650.289.3060. About Rubicon Technology, Inc.: Rubicon Technology is a leading materials science materials science Study of the properties of solid materials and how those properties are determined by the material's composition and structure, both macroscopic and microscopic. solutions provider in research, manufacturing, marketing, and distribution of high-quality single-crystal sapphire single-crystal sapphire, n a single-crystal endosteal implant made of α-alumina oxide with a Knoop hardness number of 1.750. The implants are threaded and supplied in three sizes: 3, 4, and 5. and other advanced technology materials. Chicago manufacturing facilities house the company's crystal growth furnaces, state-of-the-art fabrication equipment, and the latest quality control methodology. Rubicon, founded in 1995, provides materials to the opto-electronics, compound semiconductor, laser semiconductor fabrication telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and optical markets. For more information, go to www.rubicon-es2.com or call 847-295-7000. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : The statements contained in this release that are not purely historical are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties and other factors we identify from time to time in our filings with the Securities and Exchange Commission. Although we believe that the assumptions on which these forward-looking statements are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" , and Hercules assumes no obligation to update the forward-looking statements for subsequent events. |
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