Chart Venture Partners
Physical Sciences Inc. (PSI: Andover, MA) Announces The Acquisition of Maxion Technologies (Maxion: College Park, MD)
Press Release 09/01/2009
Physical Science Inc
PSI provides contract research and development services to U.S. Government and industrial customers in optical materials, lasers, photonic devices, and electro-optic systems. PSI also produces specialty electro-optic components and systems for sale to these customers. Maxion is a world leader in the development and production of quantum cascade lasers (QCLs), interband cascade lasers (ICLs), and related systems. According to PSI’s President and CEO, B. David Green, “The acquisition of Maxion allows PSI to provide vertically-integrated QCL/ICL solutions to our customers, as well as continuing to provide QCL/ICL devices and R&D support to Maxion’s existing OEM and research customers. Furthermore, the combination of PSI’s extensive capabilities and system solutions with Maxion’s design, fabrication, and processing capabilities will provide synergistic advantages to our customers in general infra-red electro-optic materials,devices, and components.”
Cole Van Nice, Maxion’s Chairman of the Board and Partner at Chart Venture Partners added, “Maxion is proud to team with PSI, a market leader in developing next generation electro-optic systems. This transaction facilitates the maturing of Maxion’s mid-infrared technologies and will propel and support PSI in becoming a global leader in QCL and ICL based solutions”. Further terms of the acquisition have not been disclosed.
For additional information, please contact:
Dr. Mark Allen
Vice President of Photonics at PSI and
Vice President of Maxion
allen@psicorp.com
(978) 689-0003
|