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Waveland NCP Texas Ventures II Provides Series A Financing for Austin Headquartered Sensorbit Systems, Inc. (January 2010)

Waveland NCP Texas Ventures II is pleased to announce its recent Series A equity investment in Sensorbit Systems, Inc. ("Sensorbit"). Headquartered in Austin, Sensorbit is an early stage company dedicated to the development and commercialization of a revolutionary new chemical sensor microarray on a silicon chip. This technology, developed byone of the founders of the company, Dr. Ananth Dodabalapur, Professor of Electrical and Computer Engineering at the University of Texas is capable of detecting trace amounts of individual gas molecules as well as complex chemical vapors in seconds. The sensor array is compatible with standard CMOS silicon processing and is easily embedded onto circuit boards or directly into silicon chips, opening integration possibilities such as wireless communication, networking, or coupling to RFID technology. Simple integration, low cost, and the small form factor of the sensor array will allow for hand held device integration where common hazards such as toxic gases, hazardous fumes, gas leaks, solvents, and air quality can be constantly monitored.

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