NoblePeak Vision Raises $12.0 Million in Series B FinancingThursday March 6 1:00 AMThe Series B funding will provide growth capital as the company launches it's new, TriWave(R) night vision technology into key commercial, government and military markets. The company is currently taking orders for its high-resolution NPV700 evaluation camera platform and developing a camera core product that will be supplied to camera OEM partners in the third quarter of 2008. "Our Series B round was oversubscribed," said Mike Decelle, president and CEO of NoblePeak. "This infusion of capital enables us to add key hires to our camera core design, development and manufacturing teams, plus build out our business development and customer support organizations. Our decision to work with Chart was strategic and based on their deep experience and relationships within the government and military markets." "NoblePeak stands out in the industry as a company with a technology platform perfectly suited to achieving the vision of low-cost high-performance night vision imaging," said Cole Van Nice, partner at Chart Venture Partners. "Our team at Chart is well aware of the limitations of existing technologies and we understand the need for night vision solutions that provide world-class night image quality but at a price point that enables broad deployment in the commercial and military/government markets. We believe NoblePeak has the answer to this need." About Chart Venture Partners Chart Venture Partners is a venture capital fund focused on investments in breakthrough defense and security technologies that have dual use application in large-scale commercial markets. For more information on Chart, visit http://www.chartventure.com. About NoblePeak Vision Corporation: NoblePeak Vision (www.noblepeak.com) provides imaging products that are sensitive over the visible to short-wave infrared (SWIR) spectrum and which enable breakthrough night vision performance with applications in the commercial security, transportation, and defense markets. At the heart of these components is TriWave(R), a revolutionary germanium-enhanced monolithic CMOS image sensor technology. This integrated approach allows the entire infrared image sensor to be manufactured in a standard silicon process line, enabling unprecedented resolution, performance, and cost. NoblePeak Vision was recently named the winner of the 2007 Global Security Challenge for the world's most promising security technology start up company. Founded in 2002, NoblePeak Vision is a private company headquartered in Wakefield, Massachusetts. Contact: NoblePeak Vision Corporation Phil Davies, 781-224-9740 xt 13 phil.davies@noblepeak.com |
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