April 11, 2012 – BUSINESS WIRE — Tegal Corporation (TGAL) formed a partnership with HealthTech Capital (HTC), an investing group for emerging healthcare technology in Silicon Valley.
Micro electro mechanical systems (MEMS) power numerous new healthcare innovations. MEMS are "essential" to bringing the patient and healthcare closer together, said Philips Research Laboratories’ Hans Hofstraat at the inaugural MEMS Executive Congress Europe. MEMS can minimize the invasiveness of surgery, quickly screen for diseases (through microfluidics and lab-on-a-chip devices), and track motion.
HealthTech Capital invests in early-stage healthcare technology companies, with a focus on mobility and information technologies that improve healthcare delivery and decrease healthcare costs. Companies in its portfolio improve existing healthcare providers’ workflow or empower consumers to manage their chronic conditions or improve wellness.
Tegal 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. Tegal is intensifying its investment focus on healthcare technologies, said Thomas Mika, president and CEO, noting that government mandates and efficiency requirements can be served by semiconductor and MEMS technologies.
HealthTech Capital is a Silicon Valley-based angel investing group focused on emerging healthcare technology market where innovation improves healthcare delivery, empowers patients, and lowers costs. For more information, please visit www.HealthTechCapital.com.
Tegal Corporation develops and applies emerging technologies for microprocessors, magnetic memories, radio frequency ID chips, acoustic wave devices, sensors, LEDs, and an array of other semiconductor and MEMS devices. Internet: www.tegal.com.
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