Phoseon Technology
Encyclopedia
Phoseon Technology is a privately owned electronic manufacturing company based in Hillsboro
in the U.S. state of Oregon
. Founded in 2002, the company makes products that use ultraviolet
light produced by light emitting diodes (LED) that are used for curing products in industrial settings. Phoseon is located in the Portland metropolitan area
and has offices in Europe and Asia. Bill Cortelyou is the chief executive officer
and president of the approximately 80 employee firm.
, but bought all the rights to it from the company after they declined to pursue the invention commercially. The product, the FX-B, is a fluorescent inspection system that utilizes a radion module. A radion module is a type of light source. Phoseon had grown to 20 employees by October 2003 and expanded to offices in Asia and Europe.
The company raised US$6.4 million in capital in March 2005 by selling preferred stock to a group of investors that included SmartForest Ventures and PacRim Venture Partners. The next year Phoseon raised another $1.3 million through a convertible debt offering, upping their total to $9.2 million in capital raised. At that time the company had grown to 30 employees.
Co-founder Mark Owen left the company in 2007 and founded Puralytics that also uses ultraviolet LEDs, but to purify water. He had been replaced as CEO in December 2006, but had remained on the company's board. In 2010, Phoseon was a finalist for Rising Star of the Year for the Oregon Technology Awards.
Past products have included Microelectromechanical systems
(MEMS), and a product that utilizes infrared
technology for inspecting semiconductors that was sold off in 2007 to Viscom AG.
Hillsboro, Oregon
Hillsboro is the fifth-largest city in the U.S. state of Oregon and is the county seat of Washington County. Lying in the Tualatin Valley on the west side of the Portland metropolitan area, the city is home to many high-technology companies, such as Intel, that compose what has become known as the...
in the U.S. state of Oregon
Oregon
Oregon is a state in the Pacific Northwest region of the United States. It is located on the Pacific coast, with Washington to the north, California to the south, Nevada on the southeast and Idaho to the east. The Columbia and Snake rivers delineate much of Oregon's northern and eastern...
. Founded in 2002, the company makes products that use ultraviolet
Ultraviolet
Ultraviolet light is electromagnetic radiation with a wavelength shorter than that of visible light, but longer than X-rays, in the range 10 nm to 400 nm, and energies from 3 eV to 124 eV...
light produced by light emitting diodes (LED) that are used for curing products in industrial settings. Phoseon is located in the Portland metropolitan area
Portland metropolitan area
The Portland-Vancouver-Hillsboro, OR-WA Metropolitan Statistical Area , also known as the Portland metropolitan area or Greater Portland, is an urban area in the U.S. states of Oregon and Washington centered around the city of Portland, Oregon. The U.S...
and has offices in Europe and Asia. Bill Cortelyou is the chief executive officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
and president of the approximately 80 employee firm.
History
Phoseon was founded by Mark Owen, Francois Vlach, and Christopher O'Leary in 2002 with a single product. Owen had helped develop the product while working for Agilent TechnologiesAgilent Technologies
Agilent Technologies , or Agilent, is a company that designs and manufactures electronic and bio-analytical measurement instruments and equipment for measurement and evaluation...
, but bought all the rights to it from the company after they declined to pursue the invention commercially. The product, the FX-B, is a fluorescent inspection system that utilizes a radion module. A radion module is a type of light source. Phoseon had grown to 20 employees by October 2003 and expanded to offices in Asia and Europe.
The company raised US$6.4 million in capital in March 2005 by selling preferred stock to a group of investors that included SmartForest Ventures and PacRim Venture Partners. The next year Phoseon raised another $1.3 million through a convertible debt offering, upping their total to $9.2 million in capital raised. At that time the company had grown to 30 employees.
Co-founder Mark Owen left the company in 2007 and founded Puralytics that also uses ultraviolet LEDs, but to purify water. He had been replaced as CEO in December 2006, but had remained on the company's board. In 2010, Phoseon was a finalist for Rising Star of the Year for the Oregon Technology Awards.
Products
Phoseon has several products. Their main product uses ultraviolet light produced by light emitting diodes (LEDs) in industrial applications, specifically for curing adhesives, coatings, and ink. Phoseon calls their product Semiconductor Light Matrix (SLM), which does not use mercury and is a solid-state electronic technology. Their UV product can also be used in DVD manufacturing.Past products have included Microelectromechanical systems
Microelectromechanical systems
Microelectromechanical systems is the technology of very small mechanical devices driven by electricity; it merges at the nano-scale into nanoelectromechanical systems and nanotechnology...
(MEMS), and a product that utilizes infrared
Infrared
Infrared light is electromagnetic radiation with a wavelength longer than that of visible light, measured from the nominal edge of visible red light at 0.74 micrometres , and extending conventionally to 300 µm...
technology for inspecting semiconductors that was sold off in 2007 to Viscom AG.