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Major Investment in TeraView Technology to Improve the Performance and Reliability of Smartphones and Tablet Computing

Oct 20, 2015

TeraView, the pioneer and leader in Terahertz technology and solutions, is pleased to announce that its success in developing new products for the inspection of chip sets used in mobile consumer electronics has resulted in a major new investment from a consortium of Asian, US and EU institutions.

The investment will support the expansion of product and technology development at TeraView, as well as pre- and post-sales customer support across the world, maintaining TeraView’s technological and commercial lead in the growing Terahertz market. The value to consumers will be higher performance and more reliable mobile devices.

Working with its Fortune 500 customers, TeraView has identified substantial market opportunities for the use of Terahertz in the development and manufacture of advanced integrated circuits used in the mobile electronics industry. Driven by the needs of the smartphone and tablet computing markets, TeraView is deploying its inspection products in collaboration with major semiconductor companies for fault detection and quality assurance (QA) of semiconductor chipsets.

TeraView will use the new investment to enhance the performance of its proprietary technology as well as to transition current products into QA and high throughput inspection solutions optimised for the requirements of customer production lines. The funding also will allow the Company to increase its post-sales support and infrastructure in Asia and the US in order to directly assist manufacturing customers.

The development of Terahertz for high value coatings inspection in the automotive, pharmaceutical and other industries is also accelerated by the investment, as is exploration of new applications and market opportunities.

Due to the strategic importance of TeraView’s technology in integrated circuit development and production activities, the investment was sponsored by Samsung Ventures, in collaboration with financial investors who also provided follow-on and new capital.

Major Asian and US semiconductor manufacturers have been working successfully with TeraView to demonstrate the applications of TeraView’s products in a variety of development and industrial processes.

New investors include Nordson DAGE (Nordson, Nasdaq:NDSN), the leading provider of X Ray inspection systems to the semiconductor industry. Nordson views Terahertz as an important tool to address customer needs for fault detection and inspection of advanced integrated circuits, and as complementary to its own innovative X Ray products.

London-based Q Street Capital and the Low Carbon Innovation Fund, administered by Turquoise International, also participated in the funding round.

Dr. Don Arnone, TeraView’s CEO, commented “This investment was made in direct response to the progress which the Company has made in supplying customers with solutions to their needs in the development and manufacture of high value products. We can now continue to embed TeraView technology in customer manufacturing lines, as well as build up additional customer support infrastructure in the Far East and US, both of which are necessary for future growth. The funding also allows TeraView to maintain its competitive lead in the growing Terahertz market. This all comes at a critical and exciting time when applications of Terahertz light are being validated and rapidly expanded, both of which have been driven and dominated by TeraView’s work with the technology and our global customer base.”

About Terahertz

Terahertz light lies between infra red and microwaves, and as such has unique properties which enables it to pass through objects and to transmit images and compositional (spectroscopic) information that is ordinarily hidden. Terahertz is non destructive, safe and fast, making it the ideal inspection and imaging modality for many applications across a range of industries. TeraView has demonstrated the potential of terahertz technology in a number of applications including the detection of hidden weapons and explosives in security screening, monitoring the quality of pharmaceutical drugs, high value coatings used in automotive and other industries, as well as medical imaging of cancer.

About TeraView

TeraView is the world’s first and leading company solely focused upon the application of terahertz light to provide solutions to customer issues. A spin out from the Toshiba Corporation and Cambridge University, TeraView has developed its proprietary technology across a number of markets. These include fault analysis and quality assurance for semiconductor chips used in mobile computing and communications, as well as non destructive inspection of high value coatings used in the automotive, pharmaceutical, food and solar industries. With the largest number of systems in the field, as well as applications know-how made available to customers via a team of dedicated scientists using intellectual property and knowledge in peer-reviewed scientific publications, TeraView is uniquely placed to deliver the business benefits of terahertz to customers. Headquartered in Cambridge UK, sales and customer support are available throughout the Far East, North America and Europe either directly or through a network of distributors.