MKS Instruments Announces Strategic Investment in Reno Sub Systems
Andover, Mass., May 09, 2016 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ:MKSI), a global provider of technologies that enable advanced processes and improve productivity, today announced it has led a round of financing for Reno Sub Systems, investing $9.3 million as part of a $14 million series B round including participation by existing strategic investors Intel Capital and a leading OEM equipment supplier.
MKS Instruments' Chief Executive Officer and President, Gerald Colella added, "We were impressed by the technology being developed by Reno and were drawn to the opportunity to invest in a proven team of engineers and technologists, alongside two industry leaders in semiconductor process technology, to advance technology that could be an enabler in our core markets. We see exciting potential for Reno."
Bob MacKnight, CEO of Reno said "We are pleased that MKS has chosen to invest and collaborate with Reno. These funds will accelerate Reno's time to market with technologies that are critical to advancing Moore's Law and key semiconductor manufacturing processes. Our enhancements of the two most critical ingredients in a plasma process tool, radio frequency (RF) power & gas flow, enable new processes not previously attainable while at the same time increasing both yield and throughput."
About MKS Instruments
MKS Instruments, Inc. is a global provider of instruments, subsystems and process control solutions that measure, control, power, monitor, and analyze critical parameters of advanced manufacturing processes to improve process performance and productivity. Our products are derived from our core competencies in pressure measurement and control, materials delivery, gas composition analysis, control and information technology, power and reactive gas generation, vacuum technology, photonics, lasers, optics and motion control. Our primary served markets include semiconductor capital equipment, industrial manufacturing, environmental, medical, life sciences and scientific research.
About Reno Sub Systems
Reno Sub-Systems, Inc. has developed new and disruptive technologies for the semiconductor and advanced microelectronic industries. Leveraging its patented technologies, Reno has demonstrated the highest performance radio frequency (RF) matching networks, RF power generators and gas delivery systems for leading-edge nanoscale manufacturing processes. Reno has generated strong customer demand based on on-tool performance data, which has allowed the company to transition from technology and product development to high volume adoption within two years. For more information, please visit www.renosubsystems.com.