Accent Optical Technologies, Inc. Closes $15.9 Million Investment
Source: Accent Optical Technologies
Bend, OR. Accent Optical Technologies, Inc., makers of process control and measurement tools for the optoelectronic, wireless, and silicon semiconductor industries, today announced the close of its second round of funding totaling $15.9 million. Robertson Stephens, Inc. acted as the sole placement agent for the financing.
Participants in this round of funding included iVisionary, MCP Global Limited, Mentmore Venture Partners, NetNet Ventures Fund, RS Coinvestment Fund, LLC, Tennyson Fund II, LLLP, and Winfield Capital Corp.
The net proceeds will be used to finance the development of the optoelectronic research and development center in Hemel Hempstead, England; to expand facilities in Korea, Taiwan and Japan; to retire debt; and as working capital.
"We are excited about having such prestigious investors onboard and their commitment to our company," stated Bruce Rhine, CEO, President and Chairman of Accent Optical Technologies, Inc.
Accent Optical Technologies, Inc. (www.accentopto.com) is a leading supplier of optoelectronic and silicon process control systems. The company s legacy dates backs over 300 years to its optical instrument manufacturing roots in York, England. It serves all leading manufacturers of VCSELs, HBTs and high electron mobility transistors and supplies optical CD measurement, thin film characterization and optical lithography feedback control systems to leading silicon device manufacturers. Accent Optical Technologies, a privately held company headquartered in Bend, Oregon, operates in 19 countries with more than 200 employees, including over 70 technologists.
Except for historical information, the matters discussed in this news release include forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements relating to our use of proceeds from the funding and our ability to reach our expansion goals and penetrate markets. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from those projected. Our business is subject to several risks, including, but not limited to, the cyclicality in the industries in which we participate, fluctuations in our operating results, rapid technological change and market acceptance of our products, as well as, general market conditions. We assume no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Contact: Bruce Rhine Accent Optical Technologies, Inc. Tel: 541 408 5185 brhine@accentopto.com or Elizabeth Jewell Director of Client Services RalstonGroup Tel: 541 388 2003 elizabeth@ralstongroup.com
Bruce Rhine
Accent Optical Technologies, Inc.
Tel: 541 408 5185
brhine@accentopto.com
or
Elizabeth Jewell
Director of Client Services
RalstonGroup
Tel: 541 388 2003
elizabeth@ralstongroup.com
E-mail: elizabeth@ralstongroup.com
Web site: http://www.accentopto.com
