LAUSANNE, Switzerland -- Synova has secured financing of $ 8.1 million, put up largely by Swiss banks, to develop micromachining centers (MMCs) in key high-tech regions worldwide.
 
The MMCs are designed to fuel adoption of Synova's Laser MicroJet technology. With over 50 full-production machines at 30 different customer sites, the company is committed to developing localized centers to allow quick customer support. With the technology already qualified in the electronics market, the new financing will allow the company to delve into other industries and application areas.
 
"This funding comes at a pivotal time for Synova," said its chief executive, Bernold Richerzhagen.  "Laser MicroJet has experienced phenomenal traction in recent years, and our global expansion efforts are aligned with the market's demand for innovative cutting technology. Our MMCs will allow us to effectively anticipate and serve the needs of our global customer base as we further penetrate not only the semiconductor market, but also burgeoning, precision-centric sectors such as inkjet print-head MEMS, hard disk drives and organic light-emitting diodes."
 
Last month, Synova announced that its first MMC, located in the Silicon Valley, will open in January 2007. It will feature an applications lab and the most recent Laser MicroJet tool -- the LDS 300 A. Future MMCs, planned to open throughout 2007 and 2008, will house similar tools.

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