LioniX International funding news – Enschede-based LioniX International Raises €1.5Million in bridge Funding

The company said, “With Oost NL we will have a strategic partner providing a loan to bring the continuity to the business of LioniX International that it needs, and secure jobs for the region. This enables LioniX International to develop further and exploit its unique technology for new applications in the market, now and in the future,”.

The news is made at a time when a conflict among the Dutch company's shareholders is putting it in danger of going bankrupt. Nonetheless, the court for interim relief is providing assistance.

According to the FD, the judge has ordered that Magic Micro, the majority shareholder from South Korea, to approve an emergency loan of €1.5 million from Oost NL, a development business. Notably, the report notes, this does not resolve the issues surrounding the Dutch business because Magic Micro's shares will soon have to be sold.

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Designing and creating bespoke microsystem solutions for OEMs and system integrators is it's area of expertise. Through vertical integration and flexible manufacturing volumes, the Dutch company offers OEMs and system integrators tailored solutions ranging from design to completely completed modules. Integrated photonics using the unique TriPleX platform is the company's fundamental technology.

About LioniX International

LioniX International is a leading global provider of customized microsystem solutions in scalable production volumes. They can fabricate your silicon nitride chip – or even deliver your complete module. From design to device, their vertically integrated approach supports you during the whole product development cycle.