Leeds, December 1, 2009 /PRNews Asia / --
Diamond Microwave Devices (DMD), a spin-off of the EleMEnt Six TechnologiES (E6) diamond electronics team, has secured a £1.3 million capital investment from a consortium. The consortium includes OXFord Technology Management, YFM (Partnership Investment Fund), The ERA Foundation and two private investors.
During 2009, DMD achieved several performance breakthroughs in its diamond-based transistor technology. This round of investment will be used to develop and build power amplifier modules that will be commissioned for customers in 2010. DMD diamond transistor technology will enable low-cost, lightweight solid-state amplifiers for high-frequency, high-power applications such as radar, communications, SATCOMS, and electronic warfare.
Brendon Grunewald, head of E6 Ventures, said: "This new investment marks the next step for DMD. It will enable our company to move forward with its breakthrough technology business promotion plan."
David Denny, a partner at Oxford Technology ECF, a major investment institution, said: “By carefully selecting partners, DMD has concentrated an experienced and fast-growing team inside and outside the company to develop as much as possible to meet key customer requirements. Products. DMD customers will get a step change in performance per kilogram or dollar - which will play a significant role in bringing significant performance benefits. DMD has all the necessary conditions for a high-growth company. ""
Element Six is ​​the world's leading supplier of industrial diamond supermaterials. It is a global company with a headquarters in Luxembourg and manufacturing and production facilities in Germany, Ireland, the United Kingdom, the Netherlands, Sweden, South Africa and China. The company consists of four business units: oil and gas, advanced materials, hard materials and technology. The company uses high temperature and high pressure (HPHT) synthesis and chemical vapor deposition (CVD) technology to produce diamond.
Introduction to the consortium
Oxford Technology Management manages £30 million from the Oxford University Technology Enterprise Capital Fund (OTECF). OTECF is a professional fund focused on start-up technology companies. Founded in 1983, Oxford Technology Management manages a range of start-up technology funds. Among its many portfolios is a portfolio of more than 80 of these start-ups and early-stage companies.
YFM is the UK's most active investment institution for SMEs, dating back to 1982. As a group, YFM's many funds manage up to 300 million pounds of funds. These funds are supported by The European Investment Fund, High Street Banks, large corporations, pension funds, private individuals, public sector agencies and European, UK government and local development agencies.
The ERA Foundation aims to promote innovation in electrical technology to enhance the economic vitality of the UK. To this end, ERAF funds the initial project of the commercialization project and injects capital into young technology companies in an effort to improve the overall look of the engineering industry and to help young people as they enter their careers.
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