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JMAR, Laurus Fund Enter Finance Agreement
Mar 2003
SAN DIEGO, March 18 -- JMAR Technologies Inc., a developer of advanced lasers, Collimated Plasma Lithography (CPL) systems and semiconductor production services, announced yesterday it has entered into a $5 million financing agreement with Laurus Fund, a New York City-based equity fund that specializes in providing financing to growing, small and mid-capitalization companies.

JMAR said it will use the funds to meet its working capital requirements and to support commercialization of its CPL technology.

JMAR's operations include its laser and laser-produced plasma Research Division in San Diego; its Systems Division in Burlington, Vt., where CPL Stepper Systems are designed and manufactured; and its Microelectronics Division, in Sacramento, where JMAR provides process integration and maintenance support for the US Department of Defense Microelectronics Activity semiconductor fabrication facility.

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