Fusion Optix Closes New Investment Round to Expand its Production Capacity
Woburn, MA – January 17, 2016 – Fusion Optix, Inc. (www.fusionoptix.com) announced today that it has closed a significant internal round of financing. The investment from it’s existing shareholders reflects confidence in the performance and prospects of the company. The proceeds will be used exclusively for the purpose of expanding the company’s in-house production capacity in LED light engines and optical components.
In the decade since its inception, Fusion Optix has grown to serve over 400 customers in over 30 countries worldwide and has received awards for both growth and innovation. Driven by a desire to add real value to its customers with unique products and services, the company has received 50 patents that cover its MicroTek™ and Spektrum™ platforms of innovations and has more than 60 further patents pending.
Speaking about the investment; Fusion Optix CEO and Founder Dr. Terence Yeo remarked “the continuing support from a core group of investors in the company is testament to the shared vision we all have for the potential of our intellectual property and in-house manufacturing capabilities. These funds will be used to expand our extrusion, coating and LED light engine assembly capabilities”.
About Fusion Optix
Fusion Optix’s record of accomplishments as a leading, and trusted, supplier of enabling technologies and solutions to OEMs and product companies the world over. Fusion Optix is focused on technologies that reduce energy consumption and improve light control in markets such as lighting, displays, signage and solar energy. The value of “enabled by Fusion Optix” based upon 3 key value propositions of design leadership, performance and high quality manufacturing. Our patented MicroTek™ and Spektrum™ platforms of innovations covers materials, components and new product designs. Our customers include some of the world’s most recognizable brands and we are inside products used every day in business, industry and the home, as well as demanding scientific, medical, military and aerospace applications. Our company headquarters are in Woburn MA. We are a privately held company with international investors that include Goldman Sachs and Prudence Capital. Fusion Optix was recently recognized as one of the Top100 technology companies in the Americas by Red Herring.