Columbia West Capital News
10.26.05 CWC closes $7.5 million Equity Raise for Applied Photonics

We are pleased to announce that Applied Photonics has successfully raised $7.5 million of Equity. Applied Photonics, a Scottsdale, AZ based company, is a developer, manufacturer and marketer of laser based solutions for flat panel glass cutting applications. As a result of the tremendous demand for flat screen TVs, cell phones, and laptop computers, Applied Photonics required additional equity financing to fund their growth.

The transaction consisted of interim bridge loans that were converted to common equity upon consummation of the deal. This flexible structure provided the company with critical funds to begin the product roll-out while the due diligence for the common equity was completed. The lead-investor is a Phoenix-based institutional private equity fund with significant management and advisory capabilities. "Columbia West Capital was able to locate and deliver the ideal partner for the Company. In contrast to a number of strategic partners the Company had been talking to, the interests of our new equity partners are very much in line with our long term best interests" said Brian Hoekstra, CEO of Applied Photonics.

Applied Photonics was advised by Columbia West Capital, LLC on this transaction.