Element Six Ventures Opens Representative Office in Silicon Valley
World's Leading Synthetic Diamond Innovator and Producer establishes Venture Group Capital Fund to Expand Portfolio
SANTA CLARA, Calif. – October 10, 2011. Element Six Ventures Group, the global leader in the design, development and production of synthetic diamond supermaterials, is pleased to announce the recent opening of its new Ventures representative office in Silicon Valley. Located in Santa Clara at a planned Element Six production site, the company will focus on broadening its portfolio of early-stage emerging-technology investments in the region.
“Synthetic diamond’s extreme properties enhance performance in new technology applications to levels not otherwise possible,” said Susie Wheeler, Managing Director, Element Six Ventures Group. “Locating the Ventures’ office in Silicon Valley allows us to connect with new partners who, like us, want to develop these emerging technology investments.”
An active investor worldwide since 2006, Element Six Ventures specializes in seed to late-stage technology ventures which utilize synthetic diamond and other supermaterials demonstrating scalable and commercial potential. To date, the firm has invested in seven portfolio companies operating within the clean-tech, semiconductor and electronics sectors.
Wheeler added, “As well as capital, our team are able to leverage over 60 years of synthetic diamond material innovation, technological and commercial expertize. This know-how will enable our new capital partners to mitigate risk, and our portfolio companies to successfully accelerate market entry and profitability.”
Element Six Ventures Group portfolio companies have developed a range of innovative and commercialized technology that harness the power of supermaterials. Some of these portfolio companies include: California-based Group4 Labs, which develops Gallium Nitride-on-diamond semiconductor wafers for high frequency communication applications; Massachusetts-based EOI, which harnesses synthetic diamond-enabled electrodes to generate ozone for chemical free sterilization and sanitization of water; and UK-based Diamond Detectors, which manufactures synthetic diamond radiation detectors which are used on the Large Hadron Collider at CERN (European Organisation for Nuclear Research).
ENDS
About Element Six Ventures Group
Element Six Ventures Group (www.e6ventures.com) partners with innovative companies developing products that enable new markets and new applications using synthetic diamond or other supermaterials. Element Six Ventures Group makes investments in technologies that not only have the potential to provide both a strong return on investment, but also provide strategic growth options for Element Six.
About Element Six
Element Six (www.e6.com) is an independently managed synthetic diamond supermaterials group, and part of the De Beers Group. Element Six is a global leader in the design, development and production of synthetic diamond supermaterials, and operates globally with its head office registered in Luxembourg, and primary manufacturing facilities in China, Germany, Ireland, the Netherlands, Sweden, South Africa and the UK.
Element Six supermaterial solutions are used in applications such as cutting, grinding, drilling, shearing and polishing, while the extreme properties of synthetic diamond beyond hardness are already opening up new applications in a wide array of industries such as optics, power transmission, water treatment, semi-conductors and sensors.
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