Longueuil (Quebec), January 8, 2004 - SolVision Inc. announced today that Entrepia Ventures, CDP Capital - Technology Ventures, the Business Development Bank of Canada and Innovatech Montreal had jointly invested a total of US$4.7 million in the company. SolVision develops, manufactures and markets innovative visual inspection systems for the semiconductor industry.
The investment will enable SolVision to establish a leadership position, especially in Asia's emerging markets for advanced assembly and test technologies. This investment will also allow the company to complete its development of the Nano 3D, a product which is capable of high precision and full throughput inspection of next generation of semi-conductor devices. A recent Gartner Group study has indicated that visual inspection of new, emerging electronic packages is one of the highest growth areas in the turnaround in the semiconductor capital equipment market.
SolVision, which was founded in 1994, offers products that permit automated 2D/3D visual defect inspection, while providing manufacturers with information that enables them to increase their output and reduce their costs. The products' main advantages are superior measurement speed enabling greater productivity, superior precision and the ability to measure several characteristics. For more information visit: www.solvision.net.
About Entrepia Ventures
Entrepia Ventures invests in private, technology-based, expansion-stage companies that stand to benefit from market or technology affiliation with Japan. Operating out of offices in New York, San Jose, Montreal and Tokyo, and increasingly recognized as the "go to Japan" fund, Entrepia helps its portfolio companies generate incremental top-line growth to become more competitive, successful and valuable. Anchored on access, relationships, a hands-on approach, and on-the-ground presence, Entrepia's "Japan link" strategy is directed towards investment opportunities worldwide in IT, communications, electronics and core technologies. For more information: www.entrepia.com.
About CDP Capital - Technology Ventures
CDP Capital - Technology Ventures, a member of CDP Capital, invests in innovative companies with promising leading-edge technologies. It also develops partnerships with venture capital funds in Canada, the United States and Europe. Through its portfolios I and II, CDP Capital - Technology Ventures has invested, in 2002, in about 53 companies and investment funds in biotechnology and life sciences, information technologies and energy technologies. The market value of the total assets under management by CDP Capital - Technology Ventures is almost CA$1 billion (US$0.63 billion). For more information: www.cdpcapital.com/technologyventures.
About Business Development Bank of Canada
BDC Venture Capital is a large investor in the venture capital sector in Canada. Present at each stage of development of the business, from prestartup to expansion, BDC Venture Capital favours companies with a strong technological focus which demonstrate a high growth potential and which are on their way to becoming leading players in their markets. BDC Venture Capital has been operating in the venture capital sector since 1975, and has invested in more than 400 companies. Its venture capital investment portfolio presently totals $450 million, concentrated in the biotechnology, medical technology / health care, telecommunications, information technology and electronic sectors. Internet site: www.bdc.ca.
About Innovatech Montreal
Founded in 1992, Innovatech Montreal was one of Quebec's first venture capital companies dedicated to technological innovation, and ranks among the most experienced in Canada. Today, Innovatech Montreal manages a $350-million portfolio, and primarily targets three strategic sectors: Health sciences; Advanced technology and Telecommunications; and Information technology. With more than 220 investments and 80 divestitures to its credit, Innovatech Montreal is both a pioneer in innovation financing and one of Canada's leaders in venture capital. Innovatech Montreal is an equity-based company whose shares are held by the government of Quebec. Internet site: www.innovatech.qc.ca.