Comlase Receives Venture Funding

STOCKHOLM, Sweden, June 22 -- Comlase, a Stockholm-based developer of process technology and equipment for the production of high-power semiconductor lasers and optoelectronic devices, announced it has completed a new round of venture funding of an additional 12 million Swedish krona (approximately $1.6 million). More than half of the funding was supplied by a new investor, Teknoinvest, and the balance was from existing shareholders.

"We’ve had a tremendously positive response to our technology for increasing performance, reliability and yield in high-power semiconductor lasers," said Comlase CEO Alfred Feitisch. "This funding will give us additional resources to capitalize on this interest and convert it into revenue."

Bjorn Bjora, a partner and managing director at Teknoinvest, said, "We envision the Comlase technology eventually having an impact in everything from high-power, kilowatt output solid-state lasers to blue lasers for next-generation DVD drives and players."

For more information, visit: www.comlase.com