News







EINDHOVEN (NETHERLANDS)- May 3rd, 2017 – Luxexcel, a fast-growing company that developed a unique technology to 3D print ophthalmic lenses today announced that it received up to 10M US$ in equity financing from a group of financial and strategic investors.

KLA-Tencor Corporation, (NASDAQ: KLAC) participates in this round both financially as well as through in-kind industrial cooperation with Luxexcel. The existing financial investors of Luxexcel, SET Ventures from the Netherlands, Germany based Munich Venture Partners and the Flemish regional investment fund PMV also participate in this round.

Business acceleration
The successful completion of this financing round marks an important milestone for Luxexcel. The company is currently preparing its 3D-Printing platform for global shipments to ophthalmic labs in the second half of 2017. The platform consisting of industrial grade 3D-printers, lens-design software and workflow integration tools was successfully introduced during Vision Expo East 2017 in New York.

Hans Streng, Chief Executive Officer of Luxexcel says: “This investment by a group of renowned investors combined with the strategic cooperation with KLA-Tencor is of key importance to our business development. It enables us to bring high quality industrial 3D printers to the ophthalmic market and it shows great confidence in our business strategy. Ever since our focus on 3D printing of ophthalmic lenses we have experienced an exponentially increasing interest and market pull both from the ophthalmic market as well as related industries such as Virtual and Augmented Reality. The cooperation with KLA-Tencor and its global track record in the semiconductor-tooling industry gives a major boost to our smart-glasses roadmap. We are now ready to scale up, deliver and disrupt…exciting times”.

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EnerTech Signs Strategic Investment and Partnership Agreement with Morgan Solar Inc. Transferring Solar Concentrated Photovoltaic Technology to Kuwait and the Middle East Region

(27 April 2014 – Kuwait)-EnerTech Holding Company KSCC, (“EnerTech”), a newly established wholly owned subsidiary of National Technology Enterprises Company (“NTEC”) with a mandate to invest and develop technologies in the clean tech sector, and transfer these technologies to Kuwait and the region, is pleased to announce that it has entered into a strategic investment and partnership agreement with Morgan Solar Inc. (“MSI”), a Canadian-based solar technology company. MSI has developed a revolutionary, low cost and high efficiency solar concentrated photovoltaic (CPV) technology and a game changing two-axis tracker, with great potential for adoption in the Middle East. Under the agreement, EnerTech will invest in MSI, and will transfer technology and know-how to Kuwait and the region by establishing local manufacturing and assembling facilities for MSI’s technologies. This transaction will help boost the fast growing solar energy projects developing in the region, through the adoption of these advanced, high efficiency and low cost technologies.

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LUXeXceL Completes A-Round Venture Funding and Commitments
Innovator of unique Digital 3D Printing process to step into Next Phase of Company's
Development and Growth.

May 31, 2013 – LUXeXceL Group, the inventor of the proprietary Printoptical Technology, announced today the completion of the A-round by a Dutch Venture Capital company Chrysalix SET and the US based Turnstone Capital Management.  The proceeds of this funding will be used to finance the Company’s growth, expand its R&D and sales operations and enhance its leadership position in the new digital way to design, prototype and manufacture optics On Demand.

LUXeXceL manufactures Optical Solutions using their patented “Printoptical” 3D printing process which does not require the use of molds, special tooling, nor post processing.  This novel one step “CAD-to-Optic” process offers optics design professionals greater design freedom and rapid prototyping and offers manufacturers of luminaries significant cost reductions and time savings.  LUXeXceL’s process allows for printing optically smooth structures and surfaces, which do not require any post-processing.

Their innovative and unique digital manufacturing technology attracted quite some attention over last year.  For example LUXeXceL received a Frost & Sullivan Award, became the Dutch FD Gazellen Winner best Start-UP of 2012, received recognition by the Wohler Report 2012 and 2013 as new Emerging Technology for the 3D Printing Industry and recently won the Rapid Pro award of the Additive Manufacturing Event in the Netherlands.

"We are delighted to be able to announce this completion," said Richard van de Vrie, Founder and Chairman of LUXeXceL.  "Attracting a lot of attention is great but with this funding our Company can accelerate the development of our manufacturing process, printing capabilities and business development.  It is important for our company’s’ growth objectives to have the additional expertise and experience on board of the Dutch Venture Capital company Chrysalix SET and the US-based team of Turnstone Capital, helping us to open new doors on both continents.

As the industry moves to digital new design options, more products concepts, enhanced configuration software, additional customizing sales activities and services come alive.  There is not much difference anymore between manufacturing 1 prototype, 100 samples or 10.000 pieces of an end product.  In addition the capital intensive pre-investments in inventory and warehousing are heavily reduced through the On Demand availability. Next to that the profit impact of writing off obsolete tools and inventories will be reduced significantly.

"The 21st Century is the Age of Digitization.  We have seen in e.g. the music industry, digital cameras, TV’s and other consumer electronics, that a new digital technology changes the way of working. It is not the big eat the small anymore but the fast eat the slow” according to Wouter Jonk,
Managing Partner of Chrysalix SET.  “LUXeXceL is a Company with unique patented additive manufacturing technologies.  The Printing of Optics means that the energy saving LED Industry can design and develop new products faster and cheaper.

Also Marc La Magna, Managing Partner of Turnstone Capital Management LLC is extremely pleased with the completion of this investment.   “We believe that LUXeXceL will change the way optics are designed, produced, and digitally stored across many different market segments.  Although the company is focused on the LED Lighting market, as the capabilities rapidly improve we expect LUXeXceL to address similar opportunities in other optical markets. We are proud to be the first investment firm that recognized the disruptive potential of LUXeXceL’s PrintOptical process and we are excited to help the company accelerate its corporate development."


About Chrysalix SET

Chrysalix SET is the Amsterdam-based management company of SET Fund I and SET Fund II.  These independent Venture Capital funds focus on and invest in European-based early growth stage technology companies that offer a unique solution impacting the energy sector going forward.  These target companies offer a technology, product or service, and/or enjoy a competitive market position with a high upside potential, while impacting the way energy is generated, distributed (including stored) or used (efficiency) .  Chrysalix SET’s current investments include, among others, AlertMe Ltd, General Fusion Ltd, MicroShade A/S, NGenTec Ltd, EnOcean GmbH and Sefaira Ltd.

Contact Chrysalix SET
Rene Savelsberg, Managing Director and CEO
Keizersgracht 756
1017 EZ Amsterdam, The Netherlands
T +31 20 3200 104; M + 31 6 22 938536


About Turnstone Capital Management LLC

Turnstone Capital Management LLC is an investment management firm founded in 2004, based in Westport, CT. Turnstone's partners and advisors have deep experience in venture capital and private equity finance, technology, and international operations which enables the firm to uncover proprietary investment opportunities in private, emerging growth companies. Turnstone partners with capable and committed management teams, to provide the financial, relationship, and strategic resources to help management achieve their goals. Turnstone’s investment focus is on industries where disruptive technology and business innovation are the driving catalysts for growth, particularly in clean energy, energy efficiency, industrial technology, and communications infrastructure.

Contact Turnstone Capital
Marc J. La Magna, Managing Partner
15 Riverside Avenue, FL1
Westport, CT 06880
Office: +1 203 416 6581
marc@turnstonecapital.com



About LUXeXceL Group BV

LUXeXceL Group BV is the exclusive provider of optics rapid prototyping and manufacturing services using its patented Printoptical Technology.  LUXeXceL is headquartered in Goes, Netherlands. 

Contact LUXeXceL Group BV
Marco de Visser (Marketing Manager)
LUXeXceL Group BV
Amundsenweg 25
4462 GP Goes (The Netherlands)
0113-224400
info@luxexcel.com