Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

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

Energy-efficient spin current can be controlled by magnetic field and temperature: SCMR effect simplifies the design of fundamental spintronic components August 20th, 2018

Color effects from transparent 3D printed nanostructures: New design tool automatically creates nanostructure 3D print templates for user-given colors Scientists present work at prestigious SIGGRAPH conference August 18th, 2018

UVA multidisciplinary engineering team designs technology for smart materials: The invention could lead to devices and manufactured goods, such as fabrics, that can dynamically regulate between thermally insulating and cooling August 17th, 2018

Smallest transistor worldwide switches current with a single atom in solid electrolyte: Milestone of energy efficiency in information technology -- Publication in Advanced Materials August 17th, 2018

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

180 Degree Capital Corp. to Provide Live Remote Access to Its Annual Meeting of Shareholders on June 12, 2018 June 12th, 2018

180 Degree Capital Corp. Reports Net Asset Value per Share of $2.60 as of December 31, 2017; A Decrease of 3.0% From Prior Quarter and an Increase of 11.1% From December 31, 2016 February 27th, 2018

Nanowire LED Innovator Aledia Announces 30 ($36M) Million Series-C Financing: Intel Capital Joins Existing Investors to Commercialize Certain Nanowire-LED Technologies for Mobile Displays January 29th, 2018

180 Degree Capital Corp. Leads Investment in TheStreet, Inc.; Investment Enables Removal of Capital Structure Overhang November 14th, 2017

Sensors

CTI Materials drives nano commercialization with it's patented surfactant free nanoparticle dispersions August 15th, 2018

Optical fibers that can 'feel' the materials around them August 7th, 2018

A molecular switch at the edge of graphene July 27th, 2018

Leti & Partners Launch Pilot Program to Assess New Perception Sensors for Autonomous Vehicles July 5th, 2018

Materials/Metamaterials

CTI Materials drives nano commercialization with it's patented surfactant free nanoparticle dispersions August 15th, 2018

Flipping the switch on supramolecular electronics August 14th, 2018

Biomimetic micro/nanoscale fiber reinforced composites August 10th, 2018

Yale-NUS scientist and collaborators solve open theoretical problem on electron interactions August 10th, 2018

Announcements

Energy-efficient spin current can be controlled by magnetic field and temperature: SCMR effect simplifies the design of fundamental spintronic components August 20th, 2018

Color effects from transparent 3D printed nanostructures: New design tool automatically creates nanostructure 3D print templates for user-given colors Scientists present work at prestigious SIGGRAPH conference August 18th, 2018

UVA multidisciplinary engineering team designs technology for smart materials: The invention could lead to devices and manufactured goods, such as fabrics, that can dynamically regulate between thermally insulating and cooling August 17th, 2018

Smallest transistor worldwide switches current with a single atom in solid electrolyte: Milestone of energy efficiency in information technology -- Publication in Advanced Materials August 17th, 2018

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



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project