Eulitha wins backing from SVC - Ltd. for Risk Capital for SMEs

The funding will help Eulitha commercialize its revolutionary PHABLE technology which makes it possible to cover large areas with regular nanostructures at a much lower cost than competing technologies. Using PHABLE, device manufacturers will be able to make more efficient devices such as LEDs, LCD screens or photovoltaic cells. In addition, the technology is expected to lower manufacturing costs.

In January 2012 Eulitha AG announced a strategic partnership with the Austria based lithography equipment manufacturer EVGroup to jointly develop high volume manufacturing equipment based on Eulitha’s patented technology. The companies are on their way to introduce their first machines this year. Harun Solak, CEO of Eulitha AG said “We expect our technology to change the way LEDs are produced globally in a matter of a few years.” Eulitha AG has also been awarded a CTI project worth 280 KCHF to collaborate with the Paul Scherrer Institute on the further development of its technology.

SVC - Ltd. for Risk Capital for SMEs invests for the long term in innovative projects of SMEs and start-up businesses that strengthen Switzerland as a center of employment and create or preserve jobs. Up to CHF 100 million is available. The invested capital is preserved by making balanced investments, thus generating added value in the long term. Recovered capital from exits and realized gains are reinvested in new projects. This gives long-term support to the Swiss economy in general, and to SMEs and start-up businesses in particular.