Date Announced: 14 Dec 2009 Hangzhou, China -– Inventronics, a technology leader in the development of high efficiency power solutions for solid-state lighting applications announced today that it has secured a second round of financing led by Sinowisdom Capital. Sinowisdom was joined in the financing by Vangoo Investment Partners. Terms of the financing were not disclosed.Inventronics will use the investment to fund the expansion of its operations as demand for the company’s products continues to grow. The company will further accelerate its product development activities in this rapidly developing industry while it ramps up its sales activities in targeted markets. Inventronics’ products provide high efficiency power solutions for solid-state lighting applications such as LED street and area lights, signage, general purpose and architectural lighting. “We are very pleased to be expanding our partnership with Sinowisdom as we seek to meet our capital needs,” said Dr. Gary Hua, CEO and founder of Inventronics. “While we were able to achieve profitability in the second half of 2009, this investment will provide the cash necessary to continue our very rapid growth.”About InventronicsInventronics, headquartered in Hangzhou, China, is a technology leader in the design of high power, high-efficiency LED power supplies. The company was founded in 2007 by Dr. Gary Hua, a renowned expert in the global power electronics arena. The company focuses on the development of small footprint, high reliability, ultra-high efficiency power supplies for a variety of solid state lighting applications. Inventronics also develops custom power products for computing, communications, medical and industrial applications. Visit Inventronics on the web at www.inventronics-co.com for detailed corporate information. About Sinowisdom Sinowisdom Capital is a leading Chinese venture capital firm with over $600 million of assets currently under management which is ranked one of top 10 domestic VCs. It is one of the fastest growing venture capital firms in China and its investing partners include some of China’s largest private industry groups. Sinowisdom has invested in a number of emerging fields including renewable energy, IT, telecom, industrial equipment and consumer products. With substantial access to industry resources, capital, professional management and financial expertise, Sinowisdom Capital is helping domestic companies to become global leaders. About VangooVangoo is the subsidiary of Ant Capital Partners which is the best one of the top-class PE/VC firm in Japan, and the group manage the investment funds of US$ 1.4 billion. Investors of the fund under the Ant Capital Partners Group include major financial institutions, pension funds, renowned entities and consortiums in Japan and worldwide.
Contact
Inventronics 3rd Fl, Bldg B. Eastcom City, 66 Dongxin Road Binjiang District Hangzhou, Zhejiang 310053 P.R. China Dr. Gary Hua Tel: 86-571-86632260 Fax: 86-571-86601139
E-mail:[email protected]
Web Site:www.inventronics-co.com
