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FOR IMMEDIATE RELEASE
Burlington, Massachusetts – December 09, 2003 – EM4,
Inc., an emerging force in contract design and manufacturing services
for photonics and integrated optics, today announced that it has
raised $8 million in a Series B private equity financing round
led by Baker Capital of New York. Other investors include Rustic
Canyon of Santa Monica, California, and CapMan Ventures of Helsinki.
“This investment is a significant affirmation of EM4 and
our vision for outsourced manufacturing,” said Basil Garabet,
CEO of EM4. “The proceeds will be used to fund the expansion
of operations in plant, equipment and overall capabilities. Outsourced
manufacturing is clearly here to stay. Backed by this new financing,
EM4 will continue to lead this critical sector by providing innovative
design and development services and an increased production capacity.”
EM4's core capabilities include the design, development, full-scale
production and reliability testing of integrated active devices
including directly modulated lasers, photodiode receivers, transceivers,
pump lasers and amplifiers. By partnering with EM4, companies can
focus valuable resources on product innovation, marketing, and
distribution with confidence that the supply of the most critical
optoelectronic components in their systems and networks is reliable
and cost-effective.
“
EM4 combines a powerful team with a compelling business model,” said
Simon Lee, General Partner of Baker Capital. “They have taken
their core competencies in sub-micron assembly technologies and
successfully applied these to critical applications in areas stretching
from defense and communications to biotechnology and industrial
materials processing. We are very excited to be a part of EM4’s
growth and future successes.”
About EM4, Inc.
EM4, Inc., an emerging force in Optical Design Services (ODS) and
Optical Manufacturing Services (OMS), provides active optoelectronic
component and submicron assembly design and manufacturing services.
Core capabilities include the design, development, production
and reliability testing of highly integrated photonic components
and modules. End-to-end packaging solutions make EM4 a premier
outsourcing partner for optical networking, defense, life sciences
and industrial photonics applications. For further information,
please visit the EM4 Web site at www.em4inc.com.
About Baker Capital
Baker Capital, founded in 1995, is a New York based private equity
firm with $1.5 billion under management. Baker Capital makes
investments in technology and communications focused companies
at all stages of development. The partners of Baker Capital have
extensive private equity and operational experience allowing
the firm to provide its portfolio companies with not only capital,
but also global strategic thinking and relationships.
CONTACT:
Winn Gatewood
Marketing Communications
781-275-7501 ext 257
wgatewood@em4inc.com
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