Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > E6 Ventures Wins Investment for Spin Out Company, Diamond Detectors

Abstract:
Diamond Detectors Ltd, a subsidiary company set up by Element Six to manufacture innovative diamond detectors and sensors for radiation monitoring applications, today announces that BAE Systems is to take a 50% holding in Diamond Detectors Ltd, investing up to GBP2 million.

E6 Ventures Wins Investment for Spin Out Company, Diamond Detectors

ASCOT, UK | Posted on November 18th, 2008

The second round investment will offer Diamond Detectors strategic support and a significant potential market for its production.

"We welcome on board a strategic investor that has a requirement for the products under development at Diamond Detectors Ltd," says Brendon Grunewald, Head of E6 Ventures. "This second round of funding will support the company as it moves into full product commercialisation."

Diamond Detectors Ltd was set up in 2007 with the aim of incorporating synthetic diamond made by chemical vapour deposition developed by Element Six into novel detectors for a range of markets. It is one of the first companies to be included in the growing investment portfolio of Element Six's venture capital fund, E6 Ventures.

The company is focusing on the development of customised detector solutions and will initially target four main markets: high energy physics, nuclear monitoring, radiotherapy dosimetry and deep-UV detection.

Diamond has long been recognised as a semiconductor material that can detect many types of radiation from UV and X-rays to particle detection. The ability to make diamond material of the size, quality and consistency required for advanced detection applications opens up significant new potential markets for novel detectors in a wide range of industries. It also enables designers to overcome the inherent problems associated with the selection of appropriate natural diamonds in existing detector applications where diamond is used.

Diamond Detectors Ltd offers a range of fully packaged polycrystalline and single crystal detectors and plates as well as custom design services. The initial products under development cover applications in high energy physics research such as the Large Hadron Collider (LHC) project at CERN, the new Facility for Antiproton and Ion Research (FAIR) under development at GSI in Germany as well as the Diamond Light Source, the largest UK funded scientific facility to be built for over 30 years.

Industrial applications include detectors for use in medical dosimetry, data logging in oil well exploration, UV applications such as photolithography and cleaning for semiconductor manufacturing. "Diamond Detectors is already working closely with a number of industrial partners on the future commercialisation of these potential products," says Kevin Oliver, General Manager of Diamond Detectors Ltd.

####

About E6 Ventures
E6 Ventures is a US$100m fund operated by Element Six open to a broad range of investment opportunities across industry, provided they meet its investment criteria. The aim is to be recognised as an active investor in new applications, new markets, new technologies and new companies with investments that range from seed / early stage start-ups, to growth and late stage investments with the primary aim of bringing a strong return on investment.

About Element Six

Element Six is the world's leading supplier of supermaterials used throughout manufacturing industry for a wide range of applications. It is the frontrunner in the development of synthetic diamond and novel engineering materials that are being used in industrial applications that span, for example optical, mechanical, thermal, electronic, automotive, telecommunications and medical industries. With a turnover approaching US$500m and almost 4,000 employees, Element Six has established production and processing plants in China, Germany, Ireland, Sweden, South Africa, Ukraine and the UK, supported by a global distribution network.

About BAE Systems

BAE Systems is the premier global defence and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. With approximately 100,000 employees worldwide, BAE Systems' sales exceeded GBP15.7 billion (US$ $31.4 billion) in 2007.

Contacts:
Christopher Ogilvie Thompson
Element Six Ventures
+44-7776-178690
+44-1344-638-229

Copyright © PR Newswire Association LLC.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Oregon researchers glimpse pathway of sunlight to electricity: Collaboration with Lund University uses modified UO spectroscopy equipment to study 'maze' of connections in photoactive quantum dots December 19th, 2014

Instant-start computers possible with new breakthrough December 19th, 2014

Aculon Hires New Business Development Director December 19th, 2014

Iranian Scientists Use Nanotechnology to Increase Power, Energy of Supercapacitors December 18th, 2014

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Pixelligent Closes $5.5 Million in Funding: Capital Will Be Used to Support Global Customer Growth December 12th, 2014

Eight19 secures 1m funding: Investment to develop production technology, and expand commercial activities for organic photovoltaics November 19th, 2014

Harris & Harris Group Reports Financial Statements as of September 30, 2014 November 11th, 2014

Harris & Harris Group to Host Conference Call on Third Quarter 2014 Financial Results on November 12, 2014 November 3rd, 2014

Sensors

Promising new method for rapidly screening cancer drugs: UMass Amherst researchers invent fast, accurate new nanoparticle-based sensor system December 15th, 2014

Graphene Applied in Production of Recyclable Electrodes December 13th, 2014

Detecting gases wirelessly and cheaply: New sensor can transmit information on hazardous chemicals or food spoilage to a smartphone December 8th, 2014

Nanosensor to Detect Naproxen Drug Produced in Iran December 6th, 2014

Materials/Metamaterials

Aculon Hires New Business Development Director December 19th, 2014

ORNL microscopy pencils patterns in polymers at the nanoscale December 17th, 2014

Pb islands in a sea of graphene magnetise the material of the future December 16th, 2014

Graphene Applied in Production of Recyclable Electrodes December 13th, 2014

Announcements

Oregon researchers glimpse pathway of sunlight to electricity: Collaboration with Lund University uses modified UO spectroscopy equipment to study 'maze' of connections in photoactive quantum dots December 19th, 2014

Instant-start computers possible with new breakthrough December 19th, 2014

Aculon Hires New Business Development Director December 19th, 2014

Iranian Scientists Use Nanotechnology to Increase Power, Energy of Supercapacitors December 18th, 2014

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE