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SMT & Inspection | July 24, 2006

Flyweheel Ventures acquires<br>Caltech's stake in equipment firm

Caltech has sold its stake in The Micromanipulator to Flywheel Ventures.

In addition Micromanipulator will also receive a direct $1 million cash infusion from venture capitalist Flywheel to support future growth and acquisitions.

"This investment will accelerate our development of new products, processes and services while creating our base for additional semiconductor, nanotechnology and MEMS device test solutions," he said in a statement.
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