Zia secures more funding for quantum dot lasers
The funding is led by Prism Venture Partners and RWI Group, Zia’s original backers in 2001, and will enable the company to launch commercial volume QD manufacturing and sales. “The investment is a validation of our innovative technology and ability to execute in a time when raising capital is extremely challenging. Our business strategy and continued low burn rate are critical to the longevity of the company,” commented Tom Brennan, president and CEO of Zia Laser.
The company has already begun sampling small quantities of its laser technology to customers and recently received ISO 9001:2000 National Quality Assurance certification. “Series B financing was essential for enhancing our ability to manufacture high volume QD material, strengthen our partnerships with outsourced vendors and meet the needs of our customers,” said Joseph Dixon, Zia’s COO. “Zia prides itself on providing high-performance 1310nm uncooled DFB lasers that exceed the performance currently available in QW technology.”
