Vancouver, WA (PRWEB) January 28, 2009
nLIGHT Corporation (nLIGHT), the emerging leader of high-power semiconductor lasers, today announced that it has received $10.7 million in the first closing of a new equity financing. nLIGHT will use the new growth capital to drive continued product development of integrated laser modules and increase sales in its core industrial, defense, and medical markets. Continued investment came from existing venture investors Oak Investment Partners, Mohr Davidow Ventures and Menlo Ventures.
"Despite the world-wide downturn, we finished 2008 with record bookings. We see multiple opportunities for continued strong growth as our industry continues to consolidate and high-power semiconductor lasers continue to expand in new applications," said Scott Keeney, CEO of nLIGHT.
About nLIGHT Corporation
nLIGHT is a leading supplier of innovative high-power semiconductor lasers and high-performance fibers for industrial, medical, defense and consumer applications. nLIGHT provides customers advantages in performance, reliability and efficiency. Global support is provided through state-of-the-art manufacturing and application centers in North America, Europe, and Asia. http://www.nlight.net