Ion Optics Announces First Close on Series B Financing; Looking for Additional Investors.Energy Editors/Business Editors WALTHAM, Mass.--(BUSINESS WIRE)--June 12, 2003 Ion Optics Ion optics involves the focusing of plasmas and ion streams, usually in mass spectrometry. Electric field manipulation
LLC - Logical Link Control , and includes other Series A investors. The second close is expected to close in the next 60 days. Chris Mather, 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. of Ion Optics, stated. "This round of funding will get us through introduction and initial production of our SensorChip products for established market needs. The next step will be to lower costs and move into the high volume markets. SensorChip is truly breakthrough technology, and the low cost IR gas sensors based on it will open up huge market spaces in building, medical and automotive markets." "Ion Optics' opportunities are very exciting," commented Steve Johns, Co-founder and Senior Vice President of Corporate and Business Development for Ardesta. "SensorChip, integrated with the new wireless networking See wireless network. and portable power technologies we have invested in, will play a huge role in enabling the 'pervasive sensing' model." Ion Optics will use this funding to complete the design and product launch of its initial SensorChip products. These initial products will be targeted at the Industrial Safety, Indoor Air Quality Indoor Air Quality (IAQ) deals with the content of interior air that could affect health and comfort of building occupants. The IAQ may be compromised by microbial contaminants (mold, bacteria), chemicals (such as carbon monoxide, radon), allergens, or any mass or energy stressor and Medical Device marketplaces. Ion Optics has developed breakthrough photonic crystal A nanostructured array of holes used as an optical semiconductor. Just as electronic bandgaps prevent electrons from passing through, photonic crystals create photonic bandgaps that confine light. technology, which allows precise wavelength control of infrared light Noun 1. infrared light - electromagnetic radiation with wavelengths longer than visible light but shorter than radio waves infrared emission, infrared radiation, infrared . The most prominent application for this photonic bandgap technology is the shrinking of IR gas sensors on to a MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s. chip, significantly lowering cost, size and power consumption. Not only will these sensors replace low cost, yet unreliable chemical reaction sensors currently in use, but they will also enable many new applications, as infrared quality gas sensors become available at mass-market pricing. Significant near-term applications for the technology include indoor air quality monitoring for schools, hospitals and commercial buildings, disposable respiration monitors for emergency medicine, sensors for hazardous gas monitoring in enclosed spaces and fuel vapor recovery. About Ardesta LLC Founded in 2000, Ardesta is the leader in bringing Small Tech products to the global marketplace. The company develops and acquires world-class intellectual property; creates and invests in young product companies; provides business and technical resources to support these companies; and develops industry-building resources. For more information, visit the company's Web site at www.ardesta.com. Ardesta companies include Small Times Media, Discera, Sensicore, Translume and HandyLab of Ann Arbor, Mich.; Ion Optics of Waltham, Mass.; Konarka Technologies of Lowell, Mass.; Sensicast Systems of Needham, Mass; Micronics of Redmond, Wash.; Sarcon Microsystems of Knoxville, Tenn.; Phoenix Bioscience of San Ramon, Calif; NeoPhotonics of Fremont, Calif.; TheraFuse of Vista, Calif.; Xcom of Long Beach, CA and MesoSystems and MesoFuel of Albuquerque, N.M. About Ion Optics- Ion Optics, Inc. (IOI IOI - International Olympiad in Informatics ) is the emerging technology and product leader in optical-based MEMS gas detection sensors and wavelength tuned infrared emitters. The Company has developed patented optical platform technology for controlling (tuning) the infrared emission and absorption wavelengths of a silicon surface. We do this by producing a two-dimensional photonic crystal - on the surface of an ordinary silicon wafer - using standard, high-volume, semiconductor manufacturing techniques. Ion Optics has applied this proprietary technology to create small, accurate, reliable, low power, and low-cost infrared gas sensors to detect toxic and combustible com·bus·ti·ble adj. Capable of igniting and burning. n. A substance that ignites and burns readily. gases in homes, automobiles, public buildings and the work environment. Ion Optics SensorChip(TM) is expected to become pervasive in the market because it will offer the performance of IR sensors in a low cost, mass-market addressable Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be package. Ion Optics has a current revenue stream with its pulsIR(R) line of tuned infrared emitters, as well as a healthy research contract business. Both of these business lines directly support the vision of SensorChip technology becoming pervasive in the marketplace. More information is available at www.ion-optics.com. |
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