Powerlase Limited, manufacturers of nanosecond Q-switched, diode-pumped solid state (DPSS) lasers, have announced that important investments have been secured from an investor group including MTI Partners, Deutsche Venture Capital, DJF Esprit LLP, Alice Ventures and FNI Venture Capital. The extent of the investment was not disclosed.
Powerlase hopes to use the funding injection, along with its research and development, to enhance its technology for new markets such as Photovoltaic, AMOLED displays, micromachining and laser patterning.
The company’s technology should improve manufacturing efficiencies, with its focus on high growth sectors, leading to record orders at the close of 2008. The latest investment gives Powerlase the ability to meet the growing demand for its laser systems in 2009 and afterward.
Les Lockwood, CEO at Powerlase said, “We’ve always designed our lasers and applications with the customer in mind, ensuring we can meet their specific manufacturing requirements, streamline processes and reduce costs. The changing economy has led customers to place a greater focus on efficiencies and clean technologies. This investment will ensure we can meet the increasing demand for high performance, high productivity laser technology.”