omniture

Halation Photonics Won the Second Round Financing

2012-12-28 09:00 1632

Its product application expanding again

SUZHOU, Dec. 28, 2012 /PRNewswire/ -- Halation Photonics Corporation announced the completion of its second round of fund raising in recently. Northern Light Venture Capital Early Stage Investment Enterprise and Mitsui & Co. Global Investment Ltd. ("MGI") served as the lead investors, with follow-on investments from Softbank China Venture Capital, China-Singapore Suzhou Industrial Park Ventures Co., Ltd. and Applied Ventures. Since its establishment three years ago, Halation has successfully attracted investment and gained acceptance from renowned investment companies and Fortune 500 investment departments from both home and abroad.

With this new round of funding, Halation will accelerate  exploring the systematic application of Electronic Shelf Label (ESL) based on Whiteon® in the field of retail, warehousing, logistics and other industries. At the same time, Halation will focus on promoting its "Standardized + Customized" Total Solution System, and with this round of financing, it will facilitate the industrialization progress of privacy glass based on Halation Preview Technology and the corresponding production line.

Established in the beginning of 2009, Halation Photonics Corporation has been growing rapidly. In the past three years, Halation has continued increasing company's production and R & D investment in order to build an operation team with powerful scientific research strength, strict production management and quality supervision and efficient marketing development ability, which has laid solid foundation of Halation’s sustainable and healthy development. Before this round of financing, Halation products have successfully entered more than 20 first-tier domestic cities, such as Beijing, Shanghai, Suzhou and Tianjin, etc., including the leading hypermarket Wumart Group, and the China National Pharmaceutical Group Corporation (Sinopharm). Meanwhile, Halation has collaborated with various customers from the USA, Japan, Brazil, Mexico, Italy, Turkey, South Africa, India, etc. on the ESL development.

Given the promising situation that the domestic and foreign markets have been further developed, Halation is still increasing investment of production and research while actively exploring prospective markets, and it constantly improves product quality and keeps upgrading in order to continuously improve its market competitiveness and ensure its leading position in the home and abroad ESL market. Besides the products and technology concentration, Halation also pays great attention to customer experience. A solution team, led by the company management, has been established to learn more about encountered problems and various unexpected situations. The team also works together with Vice President Bo Yu, who has over 10-year experience of electronic product sales and several top system solution providers.

"Picture a future where your bathroom mirror can also play the role of information resource, displaying the weather forecast and your daily agenda, and where your vision can be precisely enhanced by tunable eyeglasses and windshields. This is the future that Halation Photonics aims to make realized, and Applied Ventures is excited to have added Halation to its investment portfolio. Unlike traditional displays that require a backlight and constant power source, Halation’s multi-stable LCDs do not require any power to display an image. Halation sets off to commercialize multi-stable liquid crystal technology as a potentially game-changing approach for future glass and display applications. Starting with just an idea on paper, Halation has moved quickly, producing compelling prototypes and attracting commercial partners. Halation’s first product, reflective electronic shelf label, has significantly improved product labeling and pricing accuracy, and it has  been well received by grocery store operators in China,"  Tony Chao, associate investment manager of Applied Ventures, said.

About Northern Light Venture Capital

Northern Light Venture Capital (NLVC) is a leading China-focused venture capital firm targeting early and early growth stage opportunities. We partner with select entrepreneurs with groundbreaking ideas and exceptional vision to build world-class companies. Each NLVC team member brings a strong investment track record and cross-border expertise in entrepreneurship, engineering and operations. Our work is governed by a singular goal: to provide guidance, network and resources that companies need to thrive. NLVC has emerged as a top venture capital firm along with the rapidly growing Chinese economy. To date, we’ve backed more than 70 companies. We manage approximately US$ 1 billion in committed capital with 3 US$ funds and 3 RMB funds. Our funds have attracted leading institutional investors from the United States, Europe and Asia, including sovereign funds, endowments and foundations.

About Mitsui & Co. Global Investment Ltd. ("MGI")

Mitsui & Co. Global Investment Ltd. ("MGI") is a subsidiary of Mitsui & Co., Ltd. ("Mitsui"), which provides venture capital and growth capital to startups and high growth companies.  Leveraging Mitsui’s global business network and insights, MGI provides various supports to its portfolio companies in operations as well as in financing. Headquartered in Tokyo, MGI invests and manages global portfolio companies located mainly in the U.S., China, Japan, Israel, and India, with offices in Silicon Valley, New York, Mumbai, Shanghai and Beijing. Focus investment areas vary across IT/TMT, clean-tech, healthcare, consumer retail, and agriculture.

About Applied Ventures

Applied Ventures, LLC is the venture capital fund of Applied Materials, Inc., (NASDAQ: AMAT), the global leader in nonmanufacturing technology solutions for the electronics industry with a broad portfolio of innovative equipment, service, and software products. At Applied Materials, we apply nonmanufacturing technology to improve the way people live.

Applied Ventures invests in early-stage technology companies that promise to deliver high growth and exceptional returns. Our charter is to profitably invest in companies that provide a window on technologies that advance or complement Applied Materials' core expertise. Our investments help develop technologies and markets that provide natural extensions to Applied Materials' core business and stimulate the growth of applications for semiconductors, displays, solar PV, and related products and services.

About Softbank China Venture Capital

Established in 2000, SBCVC is a leading venture capital firm in Asia, and it is headquartered in Singapore. We strive to help outstanding entrepreneurs to build world-class companies. SBCVC has successful track records of both entrepreneurship and investment. In addition to capital, our team leverages its rich experience in investment, operation global network, and China know-how, to assist its portfolios. SBCVC invests in various industries, including information technologies, healthcare, clean-tech, new materials, consumer, and retail, etc.

About China-Singapore Suzhou Industrial Park Ventures Co., Ltd.

China-Singapore Suzhou Industrial Park Ventures Co., Ltd (CSVC) was founded on 11th November 2001. CSVC is now a leading national investment corporation with registered Capital of 1.73 billion RMB. CSVC mainly focuses on direct investment in start-up and growth stage of high-tech enterprises, loan guarantee of SME high-tech projects, launch and management of related venture capital funds and venture capital management company; partly engaged in mergers and acquisitions, restructuring, listing planning, security investment, and management consulting business, international economic and technological exchanges and related business, as well as investment of other non-main business projects. From the beginning of establishment, CSVC has committed to be the investment and financing platform for the development of high-tech industries in the park; adheres to cooperate with well-known overseas venture investment institutions, makes efforts to enhance team management skills and company performance, and aims at becoming a leading venture capital firm.

Reference:

Chao, Tony. "Novel Zero-Power Display Technology from Halation Photonics", http://blog.appliedmaterials.com/novel-zero-power-display-technology-halation-photonics

Source: Halation Photonics Corporation
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