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    Aventa Technologies Receives Strategic Investment from Applied Ventures to Support High Temperature Superconductor Technology

    Nachrichtenquelle: GlobeNewswire
     |  22.12.2012, 01:01  |  871 Aufrufe  |   | 


    DANVERS, MA, December 21, 2012 - Aventa Technologies, Inc., a provider of
    manufacturing equipment for emerging alternative energy markets such as high-
    temperature superconductors (HTS), announced today that Applied Ventures, LLC,
    the venture capital arm of Applied Materials, Inc., has made a strategic
    investment in its series A financing. The investment will be used to support its
    operation to commercialize the equipment the HTS industry needs to meet growing
    global demand.

    HTS technology promises to significantly improve power distribution by enabling
    the lossless transmission of electrical power over long distances. Several
    applications of HTS wires are expected to move from demonstration to large-scale
    projects in the near future. As old grid infrastructures get upgraded with more
    advanced technologies to increase efficiency, substantial adoption of
    superconducting fault current limiters and HTS cables is expected. For example,
    China plans to spend $530B in this decade to build a strong and smart grid,
    according to the China Greentech Initiative.

    Aventa Technologies offers a comprehensive set of systems for manufacturing
    advanced HTS wires. The company´s advanced vacuum deposition tools can
    accelerate the adoption of HTS solutions by increasing the productivity of HTS
    wire manufacturing.

    "Applied Materials´ core expertise will greatly benefit us as we scale our
    technology which is key to the cost-effective, high-volume manufacture of HTS
    wire, " said Piero Sferlazzo, president and CEO of Aventa Technologies. "This
    financing provides us with the capital to strengthen our product line and scale
    manufacturing capabilities to meet our customers´ requirements."

    "We are excited about Aventa´s progress in developing critical manufacturing
    technology for this emerging alternative energy sector, " said J. Christopher
    Moran, corporate vice president and general manager of Applied Ventures. "HTS
    technology has tremendous potential, and we are pleased that this investment
    will be used to make advanced grid solutions more affordable."

    About Aventa Technologies
    Aventa Technologies is a manufacturer of thin film deposition equipment for
    alternative energy markets, specializing in highly customized advanced vacuum
    deposition tools. For more information, visit www.aventatech.com.

    About Applied Ventures
    Applied Ventures, LLC, a subsidiary of Applied Materials, Inc., invests in early
    stage technology companies with high growth potential that provide a window on
    technologies that advance or complement Applied Materials´ core expertise.
    Applied Ventures´ investments help develop technologies and markets that provide
    natural extensions of Applied Materials´ businesses and can stimulate the growth
    of applications for its products and services. Applied Materials, Inc. is the
    global leader in providing innovative equipment, services and software to enable
    the manufacture of advanced semiconductor, flat panel display and solar
    photovoltaic products. Learn more at www.appliedventures.com.

    # # #

    Contact:
    Connie Duncan (editorial/media) 408.563.6209
    Michael Sullivan (financial community) 408.986.7977


    Photo: Aventa Technologies system for manufacturing HTS wires 1/2:
    http://hugin.info/143724/R/1667219/541207.jpg

    Photo: Aventa Technologies system for manufacturing HTS wires 2/2:
    http://hugin.info/143724/R/1667219/541208.jpg

    This announcement is distributed by Thomson Reuters on behalf of
    Thomson Reuters clients. The owner of this announcement warrants that:
    (i) the releases contained herein are protected by copyright and
    other applicable laws; and
    (ii) they are solely responsible for the content, accuracy and
    originality of the information contained therein.

    Source: Applied Materials via Thomson Reuters ONE
    [HUG#1667219]


    Wertpapiere des Artikels:
    US0382221051

    Wertpapier: Applied Materials


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