Colibrys SA finalizes second financing round

November 21, 2002--Independent MEMS manufacturer Colibrys SA announced today the successful completion of second round financing, raising a total of $10 million in venture capital funding.

Independent MEMS manufacturer Colibrys SA announced today the successful completion of second round financing, raising a total of $10 million in venture capital funding. All existing VC investors participated in the round, including aventic, Banexi Ventures, Banque Cantonale Vaudoise, Intel Capital, and TAT Investments, as well as new investor Innoventure Capital, an associate of Credit Suisse.

"We are one of the few company's worldwide that has both the established revenue, breath and maturity of experience necessary to be a leader in the worldwide markets for silicon MEMS components," contends Sean Neylon, chief executive officer of Colibrys. "We have made progress in recent years to establish ourselves as one of Europe's leading MEMS manufacturer and our objective is to establish a similar market position in North American and Asian markets."

For more information about Colibrys SA (Neuchatel, Switzerland), visit the company's Web site at www.colibrys.com.


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