Crystal IS to Move to Larger Facility

Crystal IS, supplier of ultra-low defect density native aluminum nitride (AlN) single crystal substrates, has announced that it is moving to a 10,500-square-foot facility in nearby Green Island, N.Y. The company anticipates moving its operations in June 2005.

“Late last year, we received $5 million in venture capital from a pool of national investors, and we frequently work with out-of-state partners, but after weighing our many options, we decided to continue our investment in New York’s Capital Region,” said Schowalter. “Tech Valley’s unique blend of a talented workforce, collaborative opportunities with educational and research institutions such as Rensselaer Polytechnic Institute and Albany NanoTech, and a remarkable quality of life convinced us that this is where we want to stay to grow our business.”

Schowalter announced the move to a crowd of nearly 500 New York state business, community and government leaders at the Center for Economic Growth’s ninth annual Technology Awards Luncheon at The Desmond Hotel and Conference Center in Albany, N.Y. At the event, Crystal IS received the Rising Star award for being a high-tech start-up company with significant long-term promise.

Currently, Crystal IS occupies 6,000 square feet of a Rensselaer Polytechnic Institute (RPI) incubator building in Watervliet, N.Y.

"Crystal IS' move to Green Island marks another success story for the Rensselaer Polytechnic Institute's incubator program," said Ronald Kudla, executive director of the RPI Office of Intellectual Property, Technology Transfer and New Ventures. "We were delighted we were able to provide Crystal IS with space in which they could grow. We wish them the best and look forward to future collaborations."

http://www.crystal-is.com

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