Jetmask Investment
November 24 2000 - 2:00AM
UK Regulatory
RNS Number:6054U
Oxford Technology 2 VCT PLC
23 November 2000
22nd November 2000
Jetmask Ltd
#250,000
Oxford Technology VCT has invested #250,000 for ordinary shares in
Jetmask Ltd representing about 10.4% of the equity. The investment is
part of a larger round with other investors.
Jetmask is a spin out from Patterning Technologies Ltd, a company which
was formed in 1997, funded by business angels, to develop methods for
creating electronic circuits directly by ink-jet printing inks which
conduct, insulate, semiconduct or emit light. PTL is making progress
towards this ultimate goal, but, along the way, has developed a method of
printing and baking the etch and solder mask and ident directly onto a
PCB (Printed Circuit Board) blank in a single step. This replaces several
steps in the conventional production process.
The Jetmask product will be a machine capable of doing this, and first
sales are expected in 2000. The prototype which has performed well in
trials produces 150 micron tracks, but it is expected that the production
units will be capable of 100 micron tracks.
The world market for ident, etch and solder masking systems is estimated
to be worth $700m per annum. The costs of operating the Jetmask system
will be slightly less than conventional means, but the capital cost for
the Jetmask system will be $185,000, which is approximately 1/3 of the
cost of the conventional equipment to do the same task.
For further information, please contact Oxford Technology 2 VCT
on 01865 784466.
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