Applied Ventures Broadens Portfolio with UV LED Solutions Investment
(Thomson Reuters ONE) -
* RayVio Corporation develops semiconductor-based technology to commercialize
solid state UV LED solutions for industrial, consumer and digital health
applications
* Investment extends Applied Materials' expertise in precision materials
engineering to new applications for silicon and related growth opportunities
in UV LED solutions
SANTA CLARA, Calif., March 16, 2015 - Applied Ventures, LLC, the venture capital
arm of Applied Materials, Inc. and a leading corporate venture firm, announced
today that it has participated in a Series B financing round for RayVio
Corporation, an advanced UV light emitting diode (LED) solutions company
developing proprietary semiconductor-based technology for manufacturing solid
state ultraviolet (SSUV) LED products and applications. RayVio's patented
technology is intended to enable large-scale adoption of UV LEDs for the
industrial, digital health and consumer sectors, with a variety of applications
to benefit society. The funds provided by Applied Ventures will be used to
accelerate product development and to enable RayVio to provide next-generation
UV LED light sources with improved efficiency, yield and cost. The investment
also presents an opportunity for Applied Materials to apply its expertise in
precision materials engineering to cutting-edge and potentially disruptive
applications in existing and new markets.
"Applied Ventures' strategic investment in RayVio reflects our mission to
identify and accelerate innovation around the globe, with an eye for emerging
technologies where our leadership in precision materials engineering adds value
to new growth markets," said Dr. Om Nalamasu, president of Applied Ventures and
chief technology officer for Applied Materials. "We are pleased to expand our
portfolio to further develop UV LEDs for promising new medical and industrial
applications and beyond."
RayVio's unique, power-dense UV LED technology and materials are compact,
instantly available, robust, mercury-free, energy-efficient and long-lasting.
Potential applications include improving the effectiveness and accessibility of
disinfection techniques for water, food, air and surfaces. This includes
industrial and consumer applications to extend food shelf life via enhanced
refrigerator systems, and printing and coating applications to conserve energy
by avoiding the need for always-on mercury lamps or heat curing. The
differentiated solution is of particular relevance to developing countries where
access to clean drinking water is scarce, as well as for medical practitioners
using UV devices to treat health ailments ranging from vitamin D deficiency to
Multiple Sclerosis.
"We look forward to working with Applied Ventures in furthering the UV LED
technology roadmap to enable cost-effective solutions to improve our world -
from purifying drinking water, to treating major illnesses, to instantly
disinfecting surfaces anytime, anywhere," said Dr. Robert Walker, CEO of RayVio.
"Applied Ventures brings invaluable resources as a financial and strategic
investment partner with critical precision materials engineering expertise that
can help commercialize our first products for introduction later this year."
Since forming in 2005, Applied Ventures has invested over $190 million in more
than 62 portfolio companies spanning equipment, materials, device and process
providers in the clean energy, semiconductor, display, lighting and energy
storage sectors. In 2014 alone, the group made four new investments in early
stage technology companies.
About Applied Ventures
Applied Ventures, LLC, a subsidiary of Applied Materials, Inc., invests in early
and later-stage technology companies with high growth and long-term potential
that provide a window into technologies that advance or complement Applied
Materials' core expertise in precision materials engineering. Applied Ventures'
investments help develop technologies and markets that provide natural
extensions of Applied Materials' businesses and can stimulate the growth of
applications for its products and services. Applied Materials, Inc. is the
global leader in precision materials engineering solutions for the
semiconductor, flat panel display and solar photovoltaic industries. Learn more
at www.appliedventures.com.
# # #
Contact:
Kevin Winston (editorial/media) 408.235.4498
Michael Sullivan (financial community) 408.986.7977
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Source: Applied Materials via GlobeNewswire
[HUG#1903583]
Unternehmensinformation / Kurzprofil:
Datum: 16.03.2015 - 12:30 Uhr
Sprache: Deutsch
News-ID 378765
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contact information:
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