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3/4/2004

Applied Films acquires Helix flat-panel-display division

The Daily Times-Call

LONGMONT — Applied Films Corp. this week announced that it had acquired the In-Line Systems division of Helix Technology Inc. for $12.5 million in cash and $2 million worth of Applied Films common stock.

The In-Line division, based in Taiwan, will operate as a wholly-owned subsidiary of Applied Films. The Helix division, like Applied itself, produces equipment for the

flat-panel display industry, technology used in a variety of consumer products including cellular phones, televisions, and building and car windows.

Applied currently holds about 45 percent of the flat-panel market, according to Investor’s Business Daily.

During its most recent quarter, Applied reported net income of $3.5 million, or 24 cents per fully diluted share. The company has said it expects net revenues of $57 million to $59 million for the current quarter, translating to 24 cents to 26 cents per diluted share.

InPhase announces funding

LONGMONT — InPhase Technologies this week announced that it had closed on $8.7 million in funding, completing its $15 million, second round of funding.

InPhase, a holographic data storage company, secured the first part of its second funding round in December 2002.

New Venture Partners LLC and Hitachi Maxwell Ltd. were two of the investing companies.

According to a company press release, the company will use the new funds to bring its holographic storage drive, the Tapestry HDS, to market.

In December, the company was awarded an $800,000 contract by the National Technology Alliance to develop system electronics, data formats and electronic and logical interfaces for the Tapestry.

Based in Longmont, InPhase was founded in 2000 as a Lucent Technologies venture.