Swedish Touch Screen Pioneer FlatFrog Closes €20 Million Funding Round Led by Intel Capital

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Swedish Touch Screen Pioneer FlatFrog

Closes €20 Million Funding Round Led by Intel

Capital

PR Newswire

LUND, Sweden, June 20, 2012

LUND, Sweden

,

June 20, 2012

/PRNewswire/ --

FlatFrog Laboratories AB, a Swedish developer of

disruptive touch screen technologies, announced

today that it has closed a €20 million funding round led

by Intel Capital, with the strong backing by Invus. Intel

Capital joins the existing investors Invus and Sunstone

Capital. FlatFrog intends to use the funds to expand its

world-class team during 2012 in order to accelerate the

development and commercialization of its multi-touch

technologies for consumer electronics products in the

personal computing ecosystem.

"Since we began developing our unique multi-touch technology more than five

years ago, our goal has been to bring supreme multi-touch technologies to the

mass market by providing flawless user experiences at affordable prices",

states Christer Fåhraeus, CEO/Chairman and Founder at FlatFrog. "At the right

price-points and with the right technology, we believe every screen in the world

will be touch-enabled. This new investment round, and the collaboration

opportunities created by teaming with Intel Capital, will allow us to run even

faster to reach our goal."

By using sophisticated algorithms to track light travelling inside the cover glass

of a screen, FlatFrog's Planar Scatter Detection technology provides instant and

perfect detection of up to hundreds of simultaneous touches and drags.

FlatFrog's PSD technology is based on optics instead of the traditional

capacitive electronic fields used in the vast majority of today's high-end touch-

enabled mobile devices. As a result, touch screens based on PSD detect not

only input from bare fingers, but also from gloved fingers, passive styli and

many other common objects such as pencil erasers.

"Creating a perfect touch experience at very low price-points, in a way that is

easy to manufacture and that can scale from small to very large sizes, is

extremely complicated", adds Christer Fåhraeus. "We literally have had best-in-

class scientists working for years on our algorithms, opto-electronics and opto-

mechanics. This new financing round will take us to a new level. We're very

excited to have Intel Capital join the FlatFrog investor base."

Flatfrog was founded in 2007 by serial entrepreneurs Ola Wassvik and Christer

Fåhraeus. The company holds more than 60 patent families in optical wave-

guide touch technology. Recently, FlatFrog began shipping the first product

based on its technology, the 32" FlatFrog Multitouch 3200, the slimmest high-

performance 32" multi-touch screen in the market.

FlatFrog Laboratories AB

is based in

Lund

, in the technologically expansive

Öresund region. It was co-founded in 2007 by optics expert Ola Wassvik and

inventor Christer Fåhraeus, serial entrepreneur and now chairman of the

Board. FlatFrog develops advanced opto-electronic hardware, revolutionizing

the touch industry with its patented optical in-glass PSD technology providing

true multi-touch systems that allow a superior user experience at low cost.

FlatFrog offers a uniquely smooth and precise touch control with 40

simultaneous touch points in screen formats ranging from 5" to 100"+. The slim

form factor favours easy mounting in any environment. Flatfrogs technology is

covered by more than 60 patent families. Applications, developed by a

multitude of VAR partners, include multi-touch table-tops, digital signage,

interactive whiteboards, point-of-sale, gaming and medical displays, and also

consumer electronics such as tablets, Ultrabooks and All-In-One computers.

FlatFrog investors include Invus, Promethean, Sunstone Capital and Fårö

Capital. (http://www.flatfrog.com)

Invus

is Invus is an international long-term equity investor with offices in

New

York

,

Paris

,

London

and

Hong Kong

. With more than

$4 bn

of capital under

management, Invus invests in a variety of equity transactions, including

buyouts, long-term public equity investments, venture capital and expansion

financings. Invus manages interests in a broad range of industries, including

consumer goods and services, education, software, biotechnology, medical

devices and renewable energies. The Invus team draws on its broad experience

in partnering with management teams and boards to help formulate and

execute strategies that maximize long-term value. (http://www.invus.com)

Sunstone Capital

is a

Copenhagen

based early-stage venture capital investor.

With approximately €700 million in funds under management, Sunstone Capital

focuses on developing and expanding early-stage technology and life science

companies with strong potential to achieve global success in their markets.

(http://www.sunstonecapital.com)

For further information, visit http://www.flatfrog.com

or contact:

Name Christer Fåhraeus

E-mail [e-mail]

Telephone

[phone]