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Agilent unit invests in MEMS-based solutions provider

Posted: 14 Feb 2003 ?? ?Print Version ?Bookmark and Share

Keywords:agilent? memx? mems solution? optical product?

Agilent Technologies Inc. has announced that Agilent Ventures (AV) has participated in the series B preferred stock funding round for MEMX Inc., a privately held company that designs and commercializes MEMS-based solutions for communications and medical industries.

The AV investment was part of a series B preferred round of funding which raised more than $8 million in equity.

"Agilent Ventures' investment in MEMX is an example of Agilent's effort to invest in and partner with early-stage technology companies focused on developing innovative technologies, despite the current market condition," said Maximilian Schroeck, managing director for AV. "Both teams have already identified a number of potential areas for technical collaboration, and have commenced work toward building a mutually beneficial relationship."

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