November 3, 2008
Replisaurus Secures Major Financing to Further Drive Clean Tech Commercialization Plans
Replisaurus has secured significant financing that puts the company in a strong position as it begins to commercialize its new, clean metallization technology for the chip packaging market.
Noble Venture Finance has committed a venture finance facility of EUR 7 million for Replisaurus, which gives the company substantial resources to draw on as it integrates its innovative metallization technology into a high-volume manufacturing solution. The financing marks another important early step in Replisaurus' transition plan, as it prepares its technology for the global market.
Earlier this year Replisaurus won a EuroAsia IC Industry Cleantech award for its ElectroChemical Pattern Replication (ECPR(TM)) technology, which eliminates many steps from the traditional packaging process, and also does away with solvents, developers and strippers.
"Noble Venture Finance recognizes the game-changing opportunities our system offers to the global chip market, and given the difficult economic climate, it shows that companies with strong, forward-looking technology can still attract investments," said James Quinn, CEO of Replisaurus. "Our economical, fab-friendly, environmentally clean technology will help other companies reduce their carbon footprint, and we take great pride in that," he added.
Along with its significant environmental benefits, ECPR reduces metallization complexity, boosts production speed, and represents a genuine insight and a major step forward for the chip industry. It addresses both technical and economic issues in one clean package, and initial target markets include key growth sectors such as integrated passives, copper pillars and 3D integration.
"Noble Venture Finance is delighted to have been selected by Replisaurus to provide financing to assist in the next stage of the company's development," said Andrew Webster, a Director of Noble Venture Finance. "Replisaurus has a strong enabling technology focused on a large and growing market and it has impeccable cleantech credentials. It has attracted investment from the top tier of Europe's venture capital community, and the first class management team has real passion that has attracted key industry specialists to join the company."
Earlier this month, Replisaurus announced that industry heavyweight Mike Thompson, the former deputy CTO of STMicroelectronics, has joined the company as chief operating officer. Thompson will be in charge of the integration of Replisaurus' ECPR technology into a high-volume manufacturing solution, in preparation for commercial sales.
About Replisaurus Technologies
Replisaurus Technologies, Inc. has developed a revolutionary metallization technology targeted at key growth markets such as integrated passives, copper pillars and 3D integration (TSV). The ElectroChemical Pattern Replication (ECPR(TM)) process offers a simple and cost effective integrated solution eliminating several traditional process steps thereby reducing complexity. ECPR is a fab-friendly, environmentally clean process which does not use any solvents, developers or strippers and has extremely fast plating rates. The ECPR technology is a "Design Enabling" technology for integrated passives enabling advanced designs, eliminating the need for prototyping and dummy plating patterns. The electrochemical replication principle of ECPR combines the precision and resolution of advanced lithography with the ease and efficiency of electrochemical deposition into one single integrated process solution. For more information please visit us at www.replisaurus.com.
About Noble Venture Finance
Noble Venture Finance is a GBP 100m fund managed by Noble Fund Advisers Ltd and focused exclusively on providing asset based and working capital finance facilities to fast growing privately held venture capital backed companies throughout the EU. It typically provides working capital by secured loan and/or a line of credit to finance future equipment purchases or working capital needs, thereby preserving expensive equity capital for building the business, development work, staff recruitment and marketing purposes.
Noble Venture Finance provides facilities from EUR 1m to EUR 10m and is able to syndicate larger amounts through extensive bank connections. Facilities can be provided in Sterling, Euro or US Dollars over repayment periods up to 36 months. For more information please visit us at www.nobleventurefinance.com
Noble Venture Finance is part of Noble, the research driven independent investment bank dedicated to helping small and mid-cap companies to grow.