Phoseon Technology

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Phoseon Technology
Private
Industry Technology
Founded 2002; 15 years ago (2002)
Headquarters Hillsboro, Oregon, USA
45°32′50″N 122°54′9″W / 45.54722°N 122.90250°W / 45.54722; -122.90250Coordinates: 45°32′50″N 122°54′9″W / 45.54722°N 122.90250°W / 45.54722; -122.90250
Key people
Bill Cortelyou, CEO
Website www.phoseon.com

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 firm.

History[edit]

Company headquarters in Hillsboro, Oregon

Phoseon was founded by Mark Owen, Francois Vlach, and Christopher O'Leary in 2002 with a single product.[1][2] Owen had helped develop the product while working for Agilent Technologies while Vlach negotiated the rights to it from the company after they declined to pursue the invention commercially.[1] The product, the FX-B, is a fluorescent inspection system that utilizes a UV LED radion module as a light source.[1] Phoseon had grown to 20 employees by October 2003 and expanded to offices in Asia and Europe.[3]

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.[4][5][6] The next year Phoseon raised another $1.3 million through a convertible debt offering, upping their total to $9.2 million in capital raised.[7] At that time the company had grown to 30 employees.[7]

Co-founder Mark Owen left the company in 2007.[2] He had been replaced as CEO in December 2006, but had remained on the company's board until 2012.[8] In 2010, Phoseon was a finalist for Rising Star of the Year for the Oregon Technology Awards.[9]

Products[edit]

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.[7][10][11] Phoseon calls their product Semiconductor Light Matrix (SLM), which does not use mercury and is a solid-state electronic technology.[10][11][12] Their UV product can also be used in DVD manufacturing.[6]

Past products have included Microelectromechanical systems (MEMS),[13][14] and a product that utilizes infrared technology for inspecting semiconductors that was sold off in 2007 to Viscom AG.[7][15]

References[edit]

  1. ^ a b c Earnshaw, Aliza (April 18, 2003). "Phoseon Technology: Shedding a new light". Portland Business Journal. Retrieved 26 March 2010. 
  2. ^ a b Siemers, Erik (October 30, 2009). "Puralytics seeks splash in $3.2 billion water business". Portland Business Journal. Retrieved 26 March 2010. 
  3. ^ Earnshaw, Aliza (October 3, 2003). "Phoseon ends year with products and investors". Portland Business Journal. Retrieved 26 March 2010. 
  4. ^ "2005 Big Deals List: Private Financings". Oregon Business. Portland, Or.: MediAmerica, Inc. April 2006. ISSN 0279-8190. 
  5. ^ Earnshaw, Aliza (January 27, 2006). "Venture capitalists loosen purse strings for startups". Portland Business Journal. Retrieved 26 March 2010. 
  6. ^ a b Aliza, Earnshaw (March 18, 2005). "Phoseon scores by sticking to its guns". Portland Business Journal. Retrieved 26 March 2010. 
  7. ^ a b c d Earnshaw, Aliza (September 29, 2006). "Phoseon takes aim at new milestones with new funds". Portland Business Journal. Retrieved 26 March 2010. 
  8. ^ "Phoseon names new CEO". Portland Business Journal. December 29, 2006. Retrieved 26 March 2010. 
  9. ^ The Oregonian (March 12, 2010). "2010 Oregon Technology Awards finalists named". The Oregonian. Retrieved 14 March 2010. 
  10. ^ a b Mills, Paul (2005). "Phoseon LEDs-Changing how UV works" (PDF). North American Automotive UV Consortium Report. 1 (1). 
  11. ^ a b Mark Spaulding, ed. (February 20, 2009). "UV-LED Printing Looks Promising". Converting Magazine. 
  12. ^ Tim Wright, ed. (April 2006). "Rad-cure Coatings Market: the Advantages of UV/EB Coating Technology Offer Coatings Manufacturers and Raw Material Suppliers Tremendous Opportunities for Growth". Coatings World. 
  13. ^ Earnshaw, Aliza (July 25, 2003). "Phoseon illuminates opportunities". Portland Business Journal. Retrieved 26 March 2010. 
  14. ^ Earnshaw, Aliza (May 23, 2003). "Phoseon grapples with typical growing pains". Portland Business Journal. Retrieved 26 March 2010. 
  15. ^ "Viscom AG Acquires MX Product Family for Inspection of Semiconductor Products from Phoseon Technology Inc.". GrowthPoint Technology Partners, LLC. August 23, 2007. Retrieved 26 March 2010. 

External links[edit]