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Lumics Raises €5.5M

Laser module manufacturer Lumics raises additional €5.5M in financing

December 19, 2005

2 Min Read

BERLIN -- Lumics a leading manufacturer of laser modules announced that it has successfully completed a round of funding for EUR5.5 million ($6.6m). The round was lead by a consortium of investors: Falk Strascheg Holding GmbH, eCAPITAL Technologies Fonds II GmbH & Co. KG, MAZ Seed Invest GmbH and VC Fonds Berlin GmbH. The new shareholders joined the first round investor Earlybird who co-invested in this financing round. The proceeds from this financing will enable Lumics to increase production capacity, further develop its innovative laser diode technology, and expand its sales activities and international market base.

Lumics is changing the economics for laser diodes by dramatically reducing the operating costs associated with the deployment of high power diode lasers due to a patented manufacturing process for highly reliable components. The Lumics solution has been globally adopted as it provides outstanding characteristics of diode laser technology. The unique combination of laser chip expertise and high quality module manufacturing strategy allows the creation and rapid deployment of a full range of laser components for communication networks, analytical instruments and industrial laser applications. During the past year, Lumics grew its customer base with the addition of several new sales partners and end customers including internationally renown telecom equipment supplier and industrial laser manufacturers.

All Lumics investors have a long, successful history investing in fast growing high technology companies. They will provide additional expertise in general management and financial planning.

"We are delighted that Strascheg Holding, eCAPITAL, MAZ Seed Invest GmbH and VC Fonds Berlin have joined our trusted investor at this exciting time in the company's history" said Karl Eberl, CEO of Lumics "This round of funding marks a major milestone for Lumics as we experience an impressive success rate in a market poised for a rising growth and demand."

Lumics GmbH

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