TeraView clinches loan to help commercialisation bid
TeraView Limited, world leader in terahertz technology, have been successful in gaining a £200,000 loan from the Regional Growth Loan Scheme (RGLS), managed by Finance East and financed by the East of England Development Agency.
The loan will be used to increase production of the Electro Optical Terahertz Pulse Reflectometry (EOTPR) machine, developed in conjunction with Intel, who have earmarked the technology as ‘a revolutionary concept’ with ‘innovative design and superior performance’.
Terahertz light is electromagnetic radiation sitting in between microwaves and infrared.
Cambridge based TeraView, which spun-out from Cambridge Toshiba Labs and Cavendish Labs, is the first company to develop technologies which commercially exploit terahertz. Current applications include pharmaceutical, medical, defense and electronics markets.
The EOTPR machine uses this technology to perform Failure Analysis (FA) on semiconductor packages, i.e. the electronic components contained within everyday gadgets such as mobile phones and other electronic devices.
Failure Analysis is an essential part of the process of developing these items. As such, TeraView’s tool provides a unique capability which aids in the design and production of current and future generations of advanced packages, including complex wire-bonded, flip chip, and 3D packages as well as those using new techniques such as Through Silicon Vias (TSVs).
With a total market estimated at $300 million and a significant sales pipeline, TeraView believes it is poised for significant growth over the next five years.
Dr Don Arnone, TeraView CEO said: “The production of two machines will enable us to expand into new markets, particularly allowing us to take the product to clients in the Far East, which will provide us with exciting opportunities.
“It’s extremely pleasing that despite the general lack of availability of finance around at this time, Finance East delivered the loan within a short turn-around period, allowing us to focus on operational activities.”