Semprius Receives the Coveted Spin-out of the Year Award

Semprius, Inc., a semiconductor technology company developing a novel transfer printing technology for the manufacture of advanced semiconductor devices, received the coveted 2007 Spin-out of the Year award given by the Council for Entrepreneurial Development at the annual Entrepreneurial Excellence Awards ceremony held in Durham, NC on June 12. The award was accepted by Semprius CEO Joe Carr.

The Spin-out of the Year award is given to the company that shows the most potential for impact in its market and success in the future. Award winners have shown completion of early milestones such as the successful license and development of their technology, traction among early customers, addition of key management, and/or other key benchmarks associated with the company. Past CED award winners include some of the region’s most recognizable names — Quintiles, Red Hat, Inspire Pharmaceuticals, Motricity, Targacept, and ChannelAdvisor.

Semprius is developing unique, patented technology that allows transfer printing of high performance semiconductors onto virtually any surface, including glass, flexible or rigid plastic, metal or other semiconductors. Semprius technology offers an unparalleled ability to create novel devices and systems by liberating the semiconductor from its traditional rigid substrate. Very tiny circuits are efficiently and cost effectively transferred by the hundreds, and even thousands at a time.

“We are truly honored to receive the Spin-out of the Year award.” said Mr. Carr. “We appreciate the CED for recognizing our potential and for the incredible support they provide entrepreneurial companies such as ours.

The CED is the largest entrepreneurial support organization in the nation with more than 4,000 members representing 1,100 entrepreneurial companies, financiers and professional firms.

“Semprius embodies the entrepreneurial spirit that fuels successful start-up companies,” said CED President Monica Doss. “It is the hard work and dedication of entrepreneurs like them that ensure North Carolina’s place on the cutting-edge of innovation.”

In April 2007, Semprius raised $4.7 million in Series A funding from Arch Venture Partners, Intersouth Partners and Illinois Ventures to expand its manufacturing processes. Last fall, the company won top honors in The Wall Street Journal’s Sixth Annual Technology Innovation Award in the semiconductor category.