Lisa Bergson, CEO of Tiger Optics, LLC, announces that the company has taken in additional financing, led by Expansion Capital Partners, LLC, of New York and San Francisco, on behalf of Clean Technology Fund II, LP, and also including the addition of new funder Georgieff Capital of Germany. This financing completes the companys Series B round.
Tiger Optics designs and manufactures Continuous Wave Cavity Ring-Down Spectroscopy (CW-CRDS) instruments for exceptionally fast, accurate, and highly sensitive detection of trace contaminants in gases. Tiger Optics exclusive worldwide rights to patented technology from Princeton University allows the company to market instruments known for accurate measurement of gaseous molecules in a variety of applications.
Tiger Optics continues to add customers in diverse markets, particularly for process gases used in semiconductor fabrication. Among its over 200 buyers, Tiger Optics counts Samsung, TI, IBM, BASF, Air Liquide, Air Products, Praxair, Linde, GM, and the National Institute of Standards and Technology (N.I.S.T.), along with other leading national laboratories, semiconductor fabricators, and gas companies. Going forward, Tiger Optics will continue its expansion into automotive testing and numerous other applications, including process control analytics, environmental sensing, and medical diagnostics.
Ms. Bergson said, The completion of this financing is an important step in continuing Tiger Optics strong growth and expansion into new markets with our award-winning products. We are also extremely pleased to welcome Georgieff Capital as new investors. Their European presence, network and expertise make them valuable partners for our continued international growth. Tiger Optics products are positioned to replace a vast installed base of mature, labor intensive, less accurate, and more expensive gas chromatographs, mass spectrometers, and IR spectrometers. Trace contaminant sensing with CRDS is already widely used to reduce waste and to improve process efficiencies. In semiconductor manufacturing, for instance, even minute amounts of moisture contamination can exact hundreds of thousands of dollars in lost wafer production.
Diana Propper, General Partner of Expansion Capital Partners said, We continue to be encouraged by the strong progress made by Lisa Bergson and the entire Tiger Optics team. Sensors are an increasingly important enabler of a broad set of Clean Technologies, and Tiger Optics superior, proprietary platform technology positions the company to continue their rapid expansion into new markets and applications. Tiger Optics products remain unparalleled in terms of their performance, reliability, accuracy, and ease of use.
Nicholas Atkins, Partner of Georgieff Capital, said We are excited about our involvement with Tiger Optics. Lisa and her team have done an impressive job in developing the business, and we are confident this round of financing will enable the company to reach the next level of its development. We look forward to working with the company to help achieve its global growth plans.
About Tiger Optics
Based in Warrington, PA., Tiger Optics, LLC is a world leader in laser-based technology for molecular gas analysis. With expertise in the design, development, marketing and servicing of electro-optic analyzers and components worldwide, Tiger Optics meets customer requirements for rapid and precise diagnostic and analytical devices, as well as process controls. Its research and development efforts focus on laser-based technology, with particular emphasis on Continuous Wave Cavity Ring-Down Spectroscopy (CW-CRDS). Tiger Optics devices address a wide array of markets, from semiconductor manufacturing to petrochemical production and environmental monitoring, among others.
For more information, visit http://www.tigeroptics.com or call:
Jerry Riddle
Tiger Optics, LLC
250 Titus Ave.
Warrington, PA 18976
(800) 641-6478 ext 147
About Expansion Capital Partners, LLC
Expansion Capital Partners is a venture capital firm that invests in expansion-stage clean technology companies. Investment focus areas include: energy, advanced materials, water and wastewater, manufacturing and transportation.
For more information, visit http://www.expansioncapital.com or call:
Bernardo Llovera
Expansion Capital Partners, LLC
90 Park Ave.
New York, NY 10016
(212) 786-7407
About Georgieff Capital
Georgieff Capital is a corporate finance and investment advisory firm with offices in Frankfurt, Munich and London. Georgieff Capital Advisors provides strategic financial advisory services to corporate and investor clients, as well as entrepreneurs. Georgieff Capital Management provides an exclusive platform for sophisticated individual investors and family offices to share information and research, to review and adjust investment strategies and, through Georgieff Capital Investors, to access proprietary private equity investment opportunities.
For more information, visit http://www.georgieffcapital.com or call:
Nicholas Atkins, Frank Bretag
Georgieff Capital
Reuterweg 49
60323 Frankfurt am Main
Germany
+49-69-172893-10
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