13 July 2022
AGIC Capital invests in UV lithography firm Eulitha
European-Asian private equity firm AGIC Capital says that an investment fund under its management has invested in Eulitha AG of Kirchdorf, Switzerland (a spin-off of the Paul Scherrer Institute founded in 2006).
Eulitha offers non-contact, high-resolution nano-UV photolithography systems and customized patterning services for applications including DFB/DBR (distributed feedback/distributed Bragg reflector) lasers, AR/VR (augmented reality and virtual reality), telecommunications, optical components and bio-sensors/chips. The firm says that its proprietary PHABLE technology is considered to be a preferable option to traditional nanoimprint technology due to lower costs, higher throughput, better consistency, longer mask lifetime and compatibility with non-flat substrates.
Eulitha says that AGIC Capital was attracted to its positioning as a unique technology provider in fast-growing markets including AR/VR industries and its promising commercialization pipeline backed by strong R&D abilities. AGIC Capital will work closely with the management team to support Eulitha’s international development (particularly the Asia Pacific region) and use resources with large industrial players to help the company increase sales and customers.
“Eulitha is well poised to gain substantially from the underlying market trends favoring its proprietary equipment and process technology solutions,” believes Heiko von Dewitz, partner of AGIC Capital in Europe. “We will work with the Eulitha management team to scale up the business and accelerate its growth across a variety of industries,” he adds.
“We are delighted to have AGIC Capital on board on our journey to become a global leader in offering lithography solutions to the growing photonics industries,” says Eulitha’s CEO & co-founder Dr Harun Solak. “With this investment Eulitha will be significantly expanding its resources, both financially and in terms of its market reach, to further develop and market its unique photolithography equipment and associated technologies.”