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News and Information Article
REDWOOD CITY, Calif., Feb. 8 // -- EoPlex Technologies, the
advanced materials company that manufactures miniature devices that
generate, harvest, and manage energy, closed an $8 million Series C round
on February 7, 2007. ATA Ventures led the financing with investments from
existing investors: Draper Fisher Jurvetson, Labrador Ventures and
Draper-Richards.
"This funding allows EoPlex to expand our design and manufacturing
capabilities to deliver unique, 3-D components to the multinational
corporations who are our customers and to expand our customer base," said
Arthur L. Chait, CEO of EoPlex. "We are extremely pleased to have ATA
Ventures lead this round and to have all of our current investors
returning. ATA brings not only financial backing but strategic and market
capability that will be critical to our success."
"ATA Ventures has a passion for companies with the power to change the
structure of markets," said Michio Fujimura, Managing Director of ATA
Ventures. We believe that EoPlex is one of those companies. In the two
years since their B round, they have made excellent progress. The
technology has been scaled from laboratory to commercial size and technical
milestones and commercial standards have been achieved. The company is now
working on a portfolio of high value projects for multinational customers
and the pipeline for new customers is strong. We are looking forward to
working with them on this next phase in their development."
Sean Foote, Managing Director of Labrador Ventures, and the lead on the
prior Series B round said "EoPlex makes high tech components for energy and
thermal products that are impossible to make efficiently by any other
means. They are currently working with major OEMs on components that will
enable some really remarkable advances in self-powered sensors and fuel
cells. Art Chait and his management team are the doing a terrific job
delivering truly unique products for these high growth market segments."
EoPlex produces components in layers using custom printing equipment
and proprietary "inks" that carry ceramic, metallic or polymer materials to
millions of locations. This allows the manufacture of components with
integrated chambers, channels, sensors, circuits, reactors, energy
scavengers, and other features. Many parts are created simultaneously in
large panels and the only tooling required is low-cost printing masks. As a
result, there is great flexibility to change designs quickly, allowing fast
time to market and even modifications during full production runs.
The EoPlex Board of Directors includes: Michio Fujimura, ATA Ventures;
Sean Foote, Labrador Ventures; Warren Packard, Draper Fisher Jurvetson;
Charles Taylor, EoPlex Founder; and Arthur L. Chait, EoPlex President and
CEO. EoPlex Technologies Inc. is located in Redwood City, CA. For more
information visit http://www.eoplex.com.
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