|[April 11, 2012]
Tegal Corporation Becomes Industry Partner of HealthTech Capital
PETALUMA, Calif. --(Business Wire)--
Tegal Corporation (NASDAQ:TGAL) today announced that it has become an
industry partner of HealthTech Capital, one of Silicon Valley's most
prominent investing groups in emerging healthcare technology companies.
HealthTech Capital invests in a portfolio of early-stage healthcare
technology companies. HTC (News - Alert) focuses on capital efficient companies that
leverage mobility and information technologies to improve healthcare
delivery and decrease healthcare costs. HealthTech companies improve
existing providers workflow or, empower consumers to manage their
chronic conditions or improve their wellness.
Tegal expects to have an active partnership with HTC, said Thomas Mika,
the company's President and Chief Executive Officer. Tegal currently has
one portfolio company in healthcare technology, NanoVibronix Inc., a
private company that develops medical devices and products that
implement its proprietary therapeutic ultrasound technology.
"HealthTech Capital is an excellent partner for Tegal as we intensify
our investment focus on a $2-trillion market that HTC has identified for
healthcare technologies," Mr. Mika said. "Government mandates and
efficiency requirements are powerful growth drivers in this market,
which is tailor-made for Tegal and our decades of leadership in
semiconductors, MEMS and related technologies. We expect our partnership
with HealthTech Capital to produce extraordinary investment
opportunities for Tegal."
About HealthTech Capital
HealthTech Capital is a leading Silicon Valley-based angel investing
group that is pioneering the emerging HealthTech market where innovation
improves healthcare delivery, empowers patients, and lowers costs.
Founded by Anne DeGheest, Kathy La Porte, and Don Ross, HealthTech
Capital has built a membership of industry leaders - successful
entrepreneurs, executives, physicians, and venture capitalists - who
fund and mentor new companies. For more information, please visit www.HealthTechCapital.com.
Since its founding in 1972, Tegal Corporation has been dedicated to the
development and application of emerging technologies. In over 35 years
of process development and equipment design, Tegal's legacy is evident
in the most advanced consumer and industrial products that incorporate
microprocessors, magnetic memories, radio frequency ID chips, acoustic
wave devices, sensors, LEDs, and an array of other semiconductor and
MEMS devices fabricated by some of the world's leading companies,
including Tegal's one-time parent, Motorola (News - Alert). Drawing on its historic
technology leadership in manufacturing process technology that
incorporated electro-magnetics, plasma physics, radio frequency control,
and materials science, Tegal is currently engaged in the sponsorship of
other related emerging technology areas, including photovoltaic
(PV)-based solar power and medical devices. Tegal's objective is to
employ its know-how and resources to pursue these opportunities for
growth and profitability in order to enhance its value for over 6,000
public shareholders. Tegal is headquartered in Petaluma, California.
Please visit us on the web at www.tegal.com.
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