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Ziebel rated as a top company to watch

Ziebel rated as a top company to watch

A sharp plunge in oil prices has shifted the focus from drilling new tight oil wells to optimizing dismal recovery rates of less than 10%, says Lux Research. Lux Research analysts evaluated the short-term impact of falling oil prices and emerging technologies that can potentially raise recovery rates. Among their findings is that despite spending cuts, tight oil production will rise. In this picture the Viking Venture portfolio company Ziebel emerge as a top company to watch, says Lux Research. A thorough understanding of the reservoir is key to improving recovery, and Ziebel allow operators to determine the productivity of different sections of the well. Lux Research is an independent research and advisory firm, providing strategic advice and ongoing intelligence on emerging technologies. Read the full story in Lux Research’s press release. Visit ziebel.com...
poLight® secures financing for commercialisation and strengthens shareholder base

poLight® secures financing for commercialisation and strengthens shareholder base

  Viking Venture portfolio company poLight® AS has raised NOK 146 millions in a private placement of shares directed towards new and existing investors. The funds provide financing for the next steps towards commercialization and public listing. In the news: PoLight raises $19m to take forward volume production (MWP Advanced Manufacturing) 150 miljoner till norskt mobilobjektiv (Elektronik Tidningen – in Swedish only) poLight closes oversubscribed funding round (optics.org) Investorene ville mer, ga 146 millioner (Gjengangeren – read as pdf, in Norwegian only)   Read Press release: Horten Norway, February 3 2015: poLight® AS has raised NOK 146 million in a private placement of shares directed towards new and existing investors. The funds provide financing for the next steps towards commercialization of poLight®’s leading autofocus actuators for mobile phone cameras and represents a next step in the announced plan for a public listing. Stiftelsen Industrifonden, one of Sweden’s largest and most experienced investors in growth companies, is the leading new shareholder participating in the placement and will nominate one representative to the poLight® Board of directors. The capital injection is supported by existing investors led by Investinor, Viking Venture and Alliance Venture. Furthermore the Norwegian investment company TD Veen and existing investors have participated in the equity issue. “poLight® is on track for commercialisation of our unique technology and is committed to the ambition of taking a leading role in the market for auto focus lenses used in mobile cameras”, says Øyvind Isaksen, CEO of poLight®. “Industrifonden becoming a leading shareholder with its vast experience will enable us to further strengthen our position”. poLight® offers the fastest autofocus (AF) actuator...