Ii, Finland – Following completion of a EUR 5 million round of investment by Enso Ventures Ltd., coating technology specialist Picodeon Ltd. will accelerate the development and manufacture of its disruptive thin films and thin-film deposition tools. In addition, Picodeon recently started a new project funded by TEKES (the Finnish Funding Agency for Technology and Innovation) with a value of more than EUR 1 million. This investment will fund further research into thin-film applications and the development of new thin-film materials, as well as the production of a market-ready range of laser deposition equipment.
Picodeon's patented Coldab coating technology is an advanced ultra-short pulse laser deposition (US PLD) process that enables high quality nanometer scale thin-film coatings including materials such as metals, composites, oxides and polymers, to be deposited on a vast range of substrates.
The process is produced by Picodeon’s patented coating equipment, where material is vaporized in a laser ablation process forming a plasma plume which condenses on the substrate to form a thin film. Applications include hard optical coatings for displays, screens and other transparent products, and may vary from super-hard low-friction thin films to optical thin films with anti-finger print properties.
"Enso Ventures is an ideal investor for us as they are committed to a long-term business development plan,” said Marko Mylläri, CEO of Picodeon. “Picodeon is investing nearly EUR 2 million in the development of new automated thin-film coating equipment, which will be up and running by January 2014. This is a unique machine to demonstrate the volume manufacturing potential of PLD coatings. It will show that the PLD process is not just a laboratory research concept, but that it is scalable into industrial applications by using the company’s innovations.
“Picodeon has a large portfolio of global patents, including 18 granted patents and nearly 100 patent applications. Managing such a patent portfolio is demanding. However, the patent portfolio plays a critical role in our business model and in the value produced by the company. We believe we are an innovator in the technology pulsed laser deposition area,” concluded Mylläri.
(Image via Shutterstock)