Axus Technology Lands $12.5 Million

<p><strong>CHANDLER&comma; AZ<&sol;strong> &&num;8212&semi; Axus Technology&comma; a leading global provider of chemical mechanical planarization &lpar;CMP&rpar; equipment&comma; critical for manufacturing semiconductors and compound semiconductors&comma; has received &dollar;12&period;5 million in capital funding from growth capital firm IntrinSiC Investment LLC&period; In addition&comma; the company has secured a significant revolving and term line of credit from a leading national bank&period;<&sol;p>&NewLine;<p>As an established equipment manufacturer with a strong installed base and leadership in advanced silicon carbide &lpar;SiC&rpar; semiconductor processing&comma; Axus Technology has developed a core understanding of technologies related to CMP – specifically&comma; semiconductor wafer polishing&comma; thinning and cleaning&period; As a result&comma; the company is extremely well positioned to drive toward volume sales of&comma; and enter new markets with&comma; its highly differentiated Capstone® and Aquarius™ platforms&period; The company will use the equity funds to further these efforts&comma; leveraging its strong capitalization to pursue and fulfill high-volume orders from semiconductor and compound semiconductor manufacturers around the world&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We are thrilled to partner with IntrinSiC Investment to secure funding that supports our expansion&period; With this additional funding&comma; we are strongly positioned to support our rapidly growing installed base of high-performance Capstone CMP systems&comma; particularly with our leading-edge&comma; high-volume customers&comma;” said Axus Technology CEO Dan Trojan&period; &OpenCurlyDoubleQuote;In addition to strengthening our balance sheet&comma; we expect to significantly benefit from the interaction&comma; support and contribution of IntrinSiC’s principals&comma; whose skill and experience in the semiconductor industry and impressive track record will greatly benefit Axus Technology’s continued growth and evolution&period;”<&sol;p>&NewLine;<p>Johannes Froehling&comma; general partner&comma; IntrinSiC Investment&comma; noted&comma; &OpenCurlyDoubleQuote;We have been engaged in the compound semiconductor ecosystem for more than a decade&period; Over the past two years&comma; we have made strategic investments in companies with a strong focus on SiC&comma; as well as gallium nitride&comma; or GaN&period; Our approach is to seek recommendations from leading chipmakers for companies with a solid&comma; technically differentiated product portfolio that are well positioned to move to high-volume manufacturing once capitalized&period; Axus Technology was cited across the board as a company that met or exceeded these characteristics&period; We’re excited to play a role in enabling the next phase of their success&period;”<&sol;p>&NewLine;