SpectraSensors, Inc. Announces Completion of $14 Million C Round Investment

SpectraSensors recently announced it has secured $14 Million in Series C Venture Capital financing. The $14 million C-Round of a funding was led by Nomura’s New Energy & Clean Technology Ventures. Nomura, one of Asia”s leading investment banks, was joined in this round by SpectraSensors three current investors, American River Ventures, Blueprint Ventures and Nth Power LLC; and by CTTV Investments LLC, the venture capital arm of Chevron Technology Ventures, as a new investor.

SpectraSensors has grown rapidly to become the supplier of choice for a variety of gas analyzer products. The latest round of funding will enable it to accelerate growth and continue to introduce superior products and services to its established customer base, which includes leading oil and gas companies.

”Having recently announced the acquisition of Integrated Information Technologies, and several major new product announcements, the addition of Nomura and Chevron as investors will greatly enhance our market strategies,” SpectraSensors CEO, George Balogh stated. “The investment will expand SpectraSensors endeavors to develop superior analytical technologies, expand worldwide distribution channels and strengthen its brand as a premier solutions provider for hydrocarbon processing and natural gas industries”

”This company has experienced exceptional growth over the past four years and has attracted blue chip North American energy customers,” said Russell Pullan, Director of Nomura”s New Energy & Clean Technology Ventures. “Our decision to lead this round of financing demonstrates our confidence in SpectraSensors seasoned management team. There is a lot of excitement in the industry over the company’s recent launch of new products such as an innovative hydrogen sulphide analyzer and a unit to measure the energy content of gas. With its novel laser technology and real-time measurement, we believe they are well on their way to becoming an industry leader and the number one global supplier for gas-quality measurement.”

New Energy & Clean Technology Ventures is a division of Nomura’s merchant banking business in Europe launched in late 2006.

SpectraSensors, Inc., headquartered in Rancho Cucamonga, California with sales and customer support in Houston, Texas, was incorporated in 1999 as a technology spin-off of the NASA/Caltech Jet Propulsion Laboratory. The company is a leading manufacturer of optically based gas analyzers for the analytical process and natural gas markets. Typical applications include energy measurement, moisture analyzers, hydrogen sulfide analyzers, and other analytical products for natural gas pipelines, refineries, petrochemical processing plants, and airborne water vapor and other atmospheric measurements from commercial aircraft for the U.S. and International Weather Services.

For more information, please visit www.spectrasensors.com