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December 8, 2006 Crossing Automation Receives New Funding
Intel Capital, Tallwood, invest in Vacuum Wafer Handling Systems Mt. View, Calif. — November 30, 2006 — Crossing Automation, Inc. announced today that Intel Capital, the strategic investing arm of Intel Corporation, and Tallwood co-led its $6M Series A investment round. This funding has allowed Crossing Automation to develop unique technologies now being integrated into the company’s first product offering, an innovative wafer-handling concept intended for the semiconductor industry. “In a market that thrives on change, solutions are needed to heighten reliability, drive down cost and improve performance. Meeting these challenges requires the development of a stable forward-looking platform that can rapidly integrate advanced process technologies,” said Jed Keller, president and CEO of Crossing Automation. “We are very pleased that Intel Capital and Tallwood support our innovative approach to vacuum wafer handling — to utilize the best of existing infrastructure, consolidate engineering burden and deliver true cost driven performance.” “The market needs equipment companies that can enable leading semiconductor manufacturers to deliver next-generation advanced technology products,” said Keith Larson, managing director, Intel Capital, Manufacturing, Memory and Digital Health. “Crossing Automation's products will help companies standardize semiconductor manufacturing equipment platforms, increase capital efficiency, equipment utilization and reduce cost.” About Crossing Automation Crossing Automation, Inc. (www.crossinginc.com), was formed in 2004 to develop a new wafer handling system to support the growing capital equipment market. The company’s current product line delivers vacuum wafer processing that offers significant cost of ownership and process benefits for Etch, CVD, Clean, RTP and PVD market segments. Crossing Automation is a private company headquartered in Mt View, CA. About Intel Capital Intel Capital, Intel's venture capital organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software and services targeting enterprise, home, mobility, health, consumer Internet and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$6 billion in nearly 1,000 companies in more than 40 countries. In that time, about 180 portfolio companies have been acquired by other companies and another 155 have gone public on various exchanges around the world. In 2005, Intel Capital invested about US$265 million in about 140 deals with approximately 60 percent of funds invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com. About Tallwood Venture CapitalTallwood Venture Capital, a Silicon Valley venture capital firm, invests broadly in semiconductor and semiconductor-related technologies. The firm seeks out early-stage investments, passionate entrepreneurs and focuses on hard to do, disruptive technologies and products that have the potential to create a significant market impact. By offering deep semiconductor knowledge, direct operating experience and a high degree of availability, Tallwood builds close, active working relationships with their portfolio companies. Its portfolio companies include Marvell (Nasdaq: MRVL) and SiRF (Nasdaq: SIRF). For more information on Tallwood Venture Capital, visit www.tallwoodvc.com.
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