XenICs wins further funding for InGaAs detectors
This second round of funding worth EUR 1.5 million ($1.75 million) will allow the company to fully deploy new sales networks and attract international partners, while continuing to develop state-of-the-art infrared image sensors based on advanced infrared technologies.
Investors include XenICs current shareholders, Fortis Private Equity, IMEC, XenICs staff, and a group of business angels. An important new investor is Software Holding & Finance.
XenICs is ready to introduce a range of new products and is now working on the expansion of its sales networks. "This capital increase demonstrates investors confidence in the future of our company as an innovator in infrared detection," said Bob Grietens, the company s CEO.
IMEC, Europe s largest independent microelectronics and nanotechnology research center, continues to invest in its spin-off. XenICs closely collaborates with the research center on developing new technologies to remain at the forefront of state-of-the-art infrared imaging.
"The continuous support of IMEC is crucial for our company, and allows us to position ourselves with a long-term vision on the future of infrared technology," said Grietens.
XenICs designs, manufactures and sells infrared detectors, both linear and 2D arrays, covering the infrared wavelength ranges from 1 to 14 microns. In addition, XenICs delivers custom detectors according to the agreed specification and planning.
