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Article: Ion Optics Announces First Close on Series B Financing; Looking for Additional Investors.
- Article from:
- Business Wire
- Article date:
- June 12, 2003
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Energy Editors/Business Editors
WALTHAM, Mass.--(BUSINESS WIRE)--June 12, 2003
Ion Optics, Inc. today announced the closing of a $2.5 million investment, representing the first close of a planned $4 million series B financing. The round is being led by Ardesta, LLC, and includes other Series A investors. The second close is expected to close in the next 60 days.
Chris Mather, CEO of Ion Optics, stated. "This round of funding will get us through introduction and initial production of our SensorChip products for established market needs. The next step will be to lower costs and move into the high volume markets. SensorChip is truly breakthrough ...