HELSINKI, March 13, 2013 /CNW/ - Canatu Oy, a leading edge
nanotechnology company commercializing carbon nanomaterial thin films
for the electronics, optics and energy sectors, announced today a 12
million USD investment round led by Troika Ventures with participation
from the existing investors Inventure Ltd., Infosto Ltd. and Tekes.
Canatu's first products are flexible, robust and environmentally
friendly transparent conductor films and touch sensors.
"We at Canatu are delighted to welcome Troika Ventures to our team and
to have Inventure and Infosto reinvest. All are proven and well
respected investors whose collective experience and energy will be
invaluable in driving our business", said Risto Vuohelainen, CEO of
Canatu. "Canatu is one of the world's most promising nanotechnology
companies providing disruptive technology to fast growing global touch
sensor and display markets. We believe that Canatu will play a
significant role in the future display industry", says Artyom Yukhin,
the Managing Director of Troika Ventures.
Canatu plans to use the funding to finalize its volume manufacturing
line for conductive films and touch sensors in Helsinki, Finland. The
company also plans to add significantly more resources to key business
development activities. "This funding allows us to provide our
customers the needed manufacturing capacity", CEO Vuohelainen
continues. "We can now take quick initiative to meet customer
expectations and also to add local presence near our customers. And
with the financial resources of Troika behind us, we will be ready for
fast scale-up to larger volume production when customers need us to.
This could already be the case in 2014."
Former Nokia CTO Yrjö Neuvo has been an early investor in Canatu and has
served on the company's Board of Directors since 2008. Professor Neuvo
considers companies like Canatu essential for the future of the
consumer electronics industry. "I am very excited about the innovation
opportunities Canatu's technologies offer to manufacturers of modern
digital age devices where usability, design and innovative form factors
play a crucially important role", says Neuvo.
In recent years touch user interface has been one of fastest trends to
penetrate the consumer electronics industry. Touch screens became
popular after Apple launched its first iPhone in June 2007. Today, most
mobile devices from the world's major manufacturers utilize touch
screens. MS Windows 8 driven laptops and all-in-1 devices are bringing
touch screens to even larger sizes and desktop use. The latest emerging
industry trend is wearable devices with touch.
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SOURCE: Canatu Oy
For further information:
Risto Vuohelainen, +358-40-546-1217, firstname.lastname@example.org