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Beneq closes first funding round to enable international growth.


19 June 2006: Holtron and a group of private investors have carried out a EUR 1.0 million venture capital investment into nanotechnology developer Beneq (www.beneq.com).

Main products of Beneq are equipment and technology for nHALO (Hot Aerosol Layering Operation) and ALD (Atomic Layer Deposition). nHALO is a flame spray technology, used mainly for applying functional coatings on glass and ceramic tiles as well as specific metals. It is also used for multicomponent nanoparticle synthesis. ALD technology is a thin film coating method which was first developed in Finland and widely used in semiconductor industry. ALD systems are used to produce accurate, pinhole-free and conformal thin-film coatings on various substrates.

With this investment round Beneq will speed up its international growth and strengthen the organization. A substantial part of the investment will be directed to sales development and market expansion activities.

'The financing deal with Holtron enables us the planned development and growth of Beneq', says Sampo Ahonen, CEO and one of the founding shareholders of Beneq. 'We have chosen Holtron as a venture capital partner because they have strong experience on investing in early stage growth companies. We also believe that Holtron and its syndicate investors bring expertise and professionalism to the board function of the company.'

Holtron, a well known Finnish early stage venture capital investor who’s previous investments include MySQL, sees that Beneq has a great opportunity to benefit from fast growing nanotechnology market and a very experienced team.

'Beneq fits well into Holtron’s investment portfolio as we seek for companies that have an experienced management with excellent industrial background, high growth potential and international business model', says Timo Tirkkonen, partner of Holtron.

Additional information:

CEO, Sampo Ahonen, Beneq Oy,
mobile. 040 520 1090, sampo.ahonen@beneq.com
www.beneq.com

Partner Timo Tirkkonen, Holtron,
mobile. 040 575 1553, timo.tirkkonen@holtron.com
www.holtron.com

Beneq Oy, Vantaa, Finland, is a supplier of industrial equipment for global markets. Beneq is addressing the market of industrial equipment for producing functional surfaces with latest technology, typically utilizing nanosize materials. Beneq acts as a business facilitator adding value for high-tech partner companies by converting proven innovations into industrial equipment. Beneq was founded 2005, and employs currently seventeen persons.


Publisher Contact Information:

Beneq Oy
+358405200190
sampo.ahonen@beneq.com

Company profile of Beneq Oy
Past press releases of Beneq Oy.

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