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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Applied Materials, Inc.    AMAT

APPLIED MATERIALS, INC.

(AMAT)
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Applied Materials : Rockley Photonics closes $50 million growth round

10/06/2020 | 09:20am EST

Oxford, UK and Pasadena, California - Rockley Photonics, a leading integrated optics solutions provider, today announced that it has closed an additional $50m of growth funding from leading deep-tech VCs, strategic investors, and institutional funds including Credit Suisse backed SIG-i Capital and Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc., as well as existing shareholders. To date, Rockley has raised over $225m of financing to develop its unique silicon photonics platform.

"It is testament to the strength of our technology and emerging market opportunities that we have attracted such a preeminent list of new investors to join many of our existing shareholders in this funding round," said Andrew Rickman, chief executive officer, Rockley Photonics. "This round provides the funding for Rockley as it moves into the next exciting growth phase and develops next generation disruptive silicon photonics powered healthcare and wellness sensors and communications products for its Tier-1 customers."

The Sunday Times recently recognized Rockley Photonics as one of the 'top 10 British tech companies to watch'.

ENDS

Editors Notes

About Rockley Photonics

Rockley Photonics is a leading integrated photonics chipset developer and module supplier for high-volume sensor and communication products. Formed in 2013, Rockley is led by Dr. Andrew Rickman, the founder of the first commercial silicon photonics company Bookham Technology.

In developing the Rockley platform, Andrew and his team recognized that existing photonics platforms suffered from two significant drawbacks. Firstly, these solutions do not offer the performance necessary to support the broad range of applications necessary to drive the economy of scale needed in the silicon industry. Secondly, they do not solve all the manufacturing issues to bring about truly cost-effective hyper-scale manufacturability. By addressing these issues, Rockley has positioned itself for hyper scale manufacture with a uniquely capable platform that can address multiple huge and emerging markets, including health monitoring in consumer devices, data communications and machine vision.

Rockley has partnered with multiple Tier-1 customers across the markets it serves to deliver the complex optical systems required for transformational product realization.

www.rockleyphotonics.com

@RockleyPhotonic

Full list of Rockley Photonics Board members and leadership team.

For further information or interview opportunities contact:

Karen Boud

PR consultant for Rockley Photonics

Resonates

Tel: 01635 898 698

Email: rockley@resonates.com

Source: RealWire

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2020 17 106 M - -
Net income 2020 3 528 M - -
Net Debt 2020 770 M - -
P/E ratio 2020 23,3x
Yield 2020 0,97%
Capitalization 81 136 M 81 136 M -
EV / Sales 2020 4,79x
EV / Sales 2021 4,10x
Nbr of Employees 24 000
Free-Float 45,4%
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Number of Analysts 29
Average target price 83,00 $
Last Close Price 88,84 $
Spread / Highest target 12,6%
Spread / Average Target -6,57%
Spread / Lowest Target -30,2%
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NameTitle
Gary E. Dickerson President, Chief Executive Officer & Director
Thomas J. Iannotti Chairman
Ginetto Addiego Senior VP-Engineering, Operations & Quality
Daniel J. Durn Chief Financial Officer & Senior Vice President
Omkaram Nalamasu Chief Technology Officer & Senior Vice President
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