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Intelligent Epitaxy Technology, Inc. Successfully Raises $25 Million in the Latest Round of Venture Funding

Source: Intelligent Epitaxy Technology

Richardson, TX. Intelligent Epitaxy Technology, Inc. (IntelliEPI), a leader in providing compound semiconductor epitaxial wafers to electronics and optoelectronics industries with its proprietary real time in-situ growth monitoring technology, today announced that it has raised financing totaling $25 million dollars. The completion of this round will allow IntelliEPI to expand its production capacity, especially in the 6 inch GaAs epi wafers production, accelerate its product roadmap, and continue financing revenue growth.

"IntelliEPI s success in the second round of fund raising is a strong vote of confidence from our investors in our ability in utilizing our proprietary real time in-growth sensor technology to make significant progress into the epi wafer foundry business and position ourselves as an industry innovator in this exciting field" said Dr. Yung-Chung Kao, the President & CEO of IntelliEPI. "As we move to the next generation of communications applications, we are seeing more complex device structures and tighter composition specifications. This means that the development time and costs will increase. IntelliEPI s in-growth sensor technology allows us to work with customers to optimize epi structures, ensure rapid product development cycle, and increase circuit/device yield from improved run-to-run wafer uniformity. I believe our technology will assist our customers in bringing their products to the market cheaper and faster."

The new funding will be used to expand IntelliEPI s manufacturing capacity including the acquisition of 22,000 square feet of properties for additional clean room space andoffices, purchasing of four additional multi-6 inch MBE systems, expansion of R&D capabilities, and hiring of additional staff.

With this new financing available, IntelliEPI will further solidify the leadership position in production volume 4-inch InP-based epi structures. IntelliEPI will also expand its services to the optoelectronics industry, providing epi laser structures for data communications and fiber optics for high-speed networking.

About Intelligent Epitaxy Technology, Inc.

Intelligent Epitaxy Technology, Inc. (IntelliEPI) is an industry leader in supplying compound semiconductor epi wafers with its proprietary real time in-situ growth monitoring technology to customers in both electronics and optoelectronics industries. Its products allow customers to efficiently manufacture production volumes of high performance electronic and optoelectronic devices. IntelliEPI is incorporated in Texas with headquarters in Richardson, Texas.

Contact: Jim Fang, Sales and Marketing Director Tel: 562-416-6691 Fax: 562-924-9416 Email: fang@intelliepi.com http://www.intelliepi.com

Jim Fang, Sales and Marketing Director
Tel: 562-416-6691
Fax: 562-924-9416
Email: fang@intelliepi.com
http://www.intelliepi.com
E-mail: fang@intelliepi.com
Web site: http://www.intelliepi.com
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