New Funding Fuels ClassOne Technology’s 2016 Growth Surge
ClassOne Technology | April 11, 2016
Kalispell, Montana – ClassOne Technology (www.classone.com), manufacturer of cost-efficient Solstice® electroplating systems, has announced the completion of a major new round of funding from Salem Investment Partners of Winston-Salem, North Carolina. The announcement was made jointly by Byron Exarcos, CEO of ClassOne and Meredith Jolly, Vice President at Salem Investment Partners.
“It’s evident that 2016 will be another significant growth year for ClassOne Technology,” said Mr. Exarcos. “With this new funding we will fill order backlogs and address a forecast that is strong and rapidly increasing. This surge in business is coming from the many emerging markets that build products on 200mm and smaller substrates. These users are looking for advanced plating performance at an affordable price — and that’s precisely what Solstice systems are designed for. As a result, more and more of these companies are ordering our tools. And that now includes many of the top-tier manufacturers from around the world.”
“We’re delighted to see the exceptional and sustained growth that ClassOne Technology is achieving across the U.S., Europe and Asia,” said Ms. Jolly. “It’s even more remarkable given that the company just introduced the Solstice system two years ago. It’s great to be on a winning team and to be able to contribute to their success.”
ClassOne’s Solstice electroplating line serves many cost-sensitive emerging markets such as MEMS, Sensors, LEDs, Opto-electronics, RF and more. Designed specifically for ≤200mm wafer processing, Solstice tools are available in three different models and can electroplate a range of metals and alloys, either on transparent or opaque substrates. The company also just announced their Plating-Plus™ capability which allows Solstice to perform additional processing — such as Metal Lift-Off, Resist Strip and UBM Etch — along with plating, all on a single tool.
In addition to plating equipment, ClassOne also provides spin rinse dryers, spray solvent tools, advanced software and more. ClassOne equipment is strategically priced at less than half of what similar tools from the larger manufacturers would cost — which is why it has been described as “Advanced Wet Processing Tools for the Rest of Us.”
About ClassOne Technology
ClassOne Technology (www.classone.com) is based in Kalispell, Montana, and produces advanced yet affordably priced new wet-chemical processing equipment especially for the cost-conscious users of smaller substrates, who traditionally have been underserved by the larger equipment manufacturers. ClassOne Technology’s products include electroplating, spin rinse drying and spray solvent tools. ClassOne Equipment (ClassOneEquipment.com), a sister company based in Atlanta, Georgia, has long been respected as the industry’s premier provider of high-quality professionally refurbished processing tools, with over 2,500 systems installed worldwide.
About Salem Investment Partners
Salem Investment Partners (www.salemip.com) is a private investment firm specializing in providing debt and equity capital for growth financings, acquisitions, buyouts, recapitalizations, and ownership transitions in middle-market companies. The firm invests in business and information services, communications and media, consumer and technology products, distribution and manufacturing, and healthcare services. Salem Investment Partners was founded in 1999 and is based in Winston-Salem, North Carolina, with an additional office in Charlotte, North Carolina.
For more information, contact:
109 Cooperative Way
Kalispell, Montana 59901
tel: +1 (678) 772-9086