Nanotechnology Now - Press Release: "Smart Imaging Technologies Secures Venture Funding"

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Smart Imaging Technologies Secures Venture Funding by Aegis Texas Venture Fund

Houston, TX | Posted on May 02, 2006

Smart Imaging Technologies Co. (“SIT”), the provider of SIMAGIS®, “Smart Imaging Spreadsheet” software for scientific and industrial image analysis, has secured funding by Aegis Texas Venture Fund, LP (“Aegis”).

The Company, which has established the leading position in nanoscale image analysis, will use the funds to expand its sales and marketing operations to capitalize on growth opportunities in the nanotechnology, biotechnology, and material science fields.

“We are excited about our business prospects in these rapidly growing markets. Aegis’ involvement will help us realize these opportunities as we expand our Company,” said Vitali Khvatkov, Founder and CEO of Smart Imaging Technologies.

The Company’s primary product, SIMAGIS®, is a platform for automated image analysis for both science and industry. “SIMAGIS produces extremely rapid, accurate and reliable data from analyzed images, which until now, had to be analyzed manually or may not have been practical,” said Kevin Dragan, partner at Aegis. “We have been impressed with the Company’s products and its ability to secure such marquee customers as NASA, Rice University, Hewlett Packard and Seagate Technologies.”

About Smart Imaging Technologies:
Smart Imaging Technologies is a Houston-based software company that provides automated image analysis and 3D modeling solutions and services for science and industry.

For more information, please click here.

About Aegis Texas Venture Fund:
Aegis Texas Venture Fund, LP (“Aegis”) focuses on investing in early to mid-stage companies located in the State of Texas. Through these investments, Aegis supports local businesses and job creation. Aegis is an affiliate of Aegis Capital Group.

For more information, please click here.

Contact:
info@smartimtech.com
1-877-280-1100

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