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Vancouver-based Arius Technology Secures Series A Financing and Signs Technology Licensing Agreement with NRC
Thursday, May 22, 2014Company Profile | Follow Company
Vancouver, BC, May 22, 2014--(T-Net)--Arius Technology Inc., a privately held provider of laser-based optical scanning systems for three-dimensional imaging today announced completion of its Series A financing. This round brings the total to $2 million in funding that will enable Arius to ramp up manufacturing and production of their next generation mobile color scanner, as well as fund go-to-market marketing and sales initiatives.
"The speed at which we were able to attract this round of financing is a testament to both the uniqueness of our color scanning technology and the amazing growth in the 3D scanning and printing market" said Paul Lindahl, Arius President and CEO. "This investment will accelerate our move into international markets through development of our global reseller and support networks."
The Series A funding coincides with the appointment of Aaron Davey to the position of Vice President of Marketing and Business Development where he will develop and oversee Arius product management and go-to-market programs. Mr. Davey was most recently with Autodesk in their Media and Entertainment division where he worked following the Autodesk acquisition of his previous company, GRIP Entertainment, in 2011.
Arius Technology has also signed a technology licensing agreement with the National Research Council of Canada (NRC) that will see Arius incorporate NRC patented methodology into its line of 3D colour scanning platforms. These methodologies, in combination with Arius's own extensive intellectual property, will allow the company to meet the increasing demand for high-end 3D colour scanners from online education, reverse engineering and 3D printing applications. The NRC technology, which has previously been used to digitize the Mona Lisa, is unique in its use of a light beam produced by three lasers to take individual measurements of geometry and colour, resulting in a 3D model of unparalleled fidelity.
"As display and printing technologies become better able to reproduce detailed physical geometry and a broader colour gamut, systems which can accurately capture source data are becoming increasingly important," commented Paul Lindahl, Arius President and CEO. "Our first system, designed for mobile field work, will enter production in mid-2014 with additional models already being planned."
About Arius Technology
Arius Technology is a leader in laser-based optical scanning systems for three-dimensional digitization of physical objects used in documentation, inspection and reverse engineering. Its core technology, pioneered by the National Research Council of Canada, is the only 3D scanning technology using direct laser color measurement to quantify and collect points containing both geometry and color. Arius is a privately held Canadian company headquartered in Vancouver, BC. For more information on Arius, visit: ariustechnology.com
Contact: press@ariustechnology.com
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