Applied MicroStructures Secures $8.5 Million in Series B Funding

Sierra Ventures Leads Investment Round for Nanotechnology Pioneer

Apr 07, 2005, 01:00 ET from Applied MicroStructures, Inc.

    SAN JOSE, Calif., April 7 /PRNewswire/ -- Applied MicroStructures, Inc.
 (AMST), the leading provider of tools, technologies and expertise that enable
 the vapor deposition of molecular-level films for nanotechnology applications,
 today announced the closure of its Series B financing round with an investment
 of $8.5 million.  California-based Sierra Ventures led the round, with
 existing investors Compass Technology Partners and Horizon Ventures also
 participating.  The funding will bolster the company's infrastructure, keeping
 it on course to accelerate product development efforts and support order
     Under the terms of the agreement, AMST's board composition will change,
 with Sierra's venture partner, Ben Yu, rounding out a line-up that includes
 Doug Tsui of Horizon Ventures and Alain Harrus of Compass Technology Partners,
 along with AMST's chief executive officer, Jeff Chinn.
     The new funding comes at a time of significant momentum for AMST.  The
 company's innovative Molecular Vapor Deposition(TM) (MVD) technology is
 gaining strong traction in the microsystems, life sciences and research areas.
 Considered by customers as a critical enabler of highly optimized films and
 surfaces, AMST's MVD delivers compelling ROI advantages in the form of
 increased yields and reduced costs.
     Commenting on the funding, Yu credited AMST's solid technology and
 business execution as key factors in sealing the round.  "We see significant
 potential in multiple nano-related market areas for AMST's unique MVD
 technology.  We are impressed with the accomplishment of the team to date, and
 we look forward to working with them as they continue to grow the company."
     Said AMST's Chinn, "This round represents a significant vote of confidence
 in our company and our core technology.  We've made great strides since our
 founding in 2003, and we're confident that this new investment will help us
 refine our product line, expand our markets and help us better serve our
     About Applied MicroStructures
     Silicon Valley-based Applied MicroStructures is the leading provider of
 tools, technologies and expertise that enables the deposition of
 molecular-level films for a broad range of nanotech applications in
 microsystems, life sciences and research arenas.  The company's Molecular
 Vapor Deposition (MVD(TM)) technology represents a radical new technique that
 enables the controlled deposition of films.  These self-aligned, highly
 uniform and customizable ultra-thin films can be deposited across a broad
 spectrum of substrate types and sizes, and are deployed in diverse nano-
 applications, including microsensors, life-sciences and nano-technology
 research.  For more information about the company, please visit
    NOTE:  Molecular Vapor Deposition (MVD) is a trademark of Applied
 MicroStructures, Inc.

SOURCE Applied MicroStructures, Inc.