IN CASE YOU MISSED IT: ETF Recipient Announces 53 Percent Staff Increase

AUSTIN – Syndiant, which received a $3.5 million investment from the Texas Emerging Technology Fund (ETF) in March, has announced that it has increased its staff by 53 percent due to explosive demand for its pico projector technology, according to Electronics World.

The ETF investment was for commercialization of its smart panel projection display technology, VueG8, which uses chip on chip parallel processing to enable the world’s smallest high resolution light modulators. The technology enhances the pico projector market for cell phones, personal computers and accessory products.

"It is well known that investment in innovative small companies is the way to grow jobs, and this serves as a prime example. Our growth reflects an increasing recognition among our customers that we have the best and most cost effective technology to address the pico projector market,” Syndiant CEO Mark Harward said. "We were able to add experienced engineering staff thanks to the $3.5 million Technology Commercialization investment by TETF."

The newly hired employees will focus on achieving mass production in the second half of 2009, as well as supporting more than 70 companies interested in using Syndiant's pico projector display technology.

To view the full article, please visit http://www.electronicsworld.co.uk/news/111634, or to view the announcement, please visit http://governor.state.tx.us/news/press-release/12041/.