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Redlen Technologies

redlen.com

Founded Year

1999

Stage

Acquired | Acquired

Total Raised

$19.78M

Valuation

$0000 

About Redlen Technologies

Redlen Technologies has developed a scalable, high-volume production process for manufacturing advanced CZT semiconductor wafers with its Traveling Heater Method (THM) technology. Redlen is improving the performance, cost, and availability of CZT radiation detectors - enabling the widespread adoption of these technologies into security and medical markets. Redlen's commercially available products can be used for a variety of defense and security applications such as dirty bomb detection, cargo container inspection, nuclear isotope identification, and airport baggage scanning and security screening. Other applications include medical imaging, such as nuclear medicine cameras (SPECT, PET), CT scanners (photon counting), and X-Ray imaging.On September 8th, 2021, Redlen Technologies was acquired by Canon million.

Headquarters Location

123 – 1763 Sean Heights

Saanichton, British Columbia, V8M 0A5,

Canada

250-656-5411

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Expert Collections containing Redlen Technologies

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Redlen Technologies is included in 1 Expert Collection, including Semiconductors, Chips, and Advanced Electronics.

S

Semiconductors, Chips, and Advanced Electronics

6,168 items

Companies in this collection develop everything from microprocessors to flash memory, integrated circuits specifically for quantum computing and artificial intelligence to OLED for displays, massive production fabs to circuit design firms, and everything in between.

Redlen Technologies Patents

Redlen Technologies has filed 1 patent.

The 3 most popular patent topics include:

  • Particle detectors
  • Spectroscopy
  • Medical imaging
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/5/2021

10/18/2022

Space observatories, Spectroscopy, Ionising radiation detectors, Radiography, Medical imaging

Grant

Application Date

3/5/2021

Grant Date

10/18/2022

Title

Related Topics

Space observatories, Spectroscopy, Ionising radiation detectors, Radiography, Medical imaging

Status

Grant

Latest Redlen Technologies News

Acquisitions by foreign firms dominate top M&As

Apr 8, 2022

Most of the top five deals on BIV’s Biggest Non-Mining Mergers and Acquisitions of 2021 list (https:biv.com/lists) highlight continuing interest in B.C companies by large companies outside of the country, with four of the five transactions representing foreign acquisitions of domestic enterprises. Value: $3.3 billion Industry: Casino gambling Deal: Apollo (NYSE:APO) acquisition of Great Canadian Gaming (TSX:PL) The New York–based firm acquired the Canadian gambling company, which operates 26 casinos across Canada, including River Rock Casino Resort in Richmond among others. In a transaction that was completed nearly a year after its announcement, Apollo boosted its initial bid from $39 per share to $45 per share, a value large institutional holdout investors would support. The acquisition came after a difficult two years for Great Canadian Gaming as pandemic restrictions limited revenue, resulting in a nearly $70 million loss over the two quarters preceding the acquisition’s completion. Value: $1.25 billion (US$1 billion) Industry: Technology, application software Deal: Diligent Corp. acquisition of ACL Services Ltd. Creating one of B.C.’s most recent tech unicorns, New York-based Diligent Corp. acquired Galvanize, formerly known as ACL Services Ltd., to create the world’s largest software-as-a-service company focusing on governance risk and compliance. Originally founded in 1987, ACL underwent a renewal, bringing on new executives to help reinvent the organization. After raising US$70 million in private equity deals, it pursued more investment capital and attracted the interest of potential buyers.  Value: $831 million Industry: Forest products Deal: Drax Group PLC (LON:DRX) acquisition of Pinnacle Renewable Energy Inc. (TSX:PL) U.K.-based Drax Group PLC bought Pinnacle in one of its latest steps towards its goal of producing eight million tonnes of wood pellets by 2030. The deal has been criticized by some groups concerned that it gives Drax a monopoly in B.C.’s wood pellet sector. Post-acquisition, Drax has full or partial control over half of B.C.’s wood pellet mills. Value: $537 million Industry: Fishing Deal: FNC Holdings LP, representing a coalition of Mi’kmaq First Nations and Premium Brands Holdings (TSX:PBH) acquisition of Clearwater Seafoods FNC Holdings LP and Premium Brands Holdings acquired all of the outstanding shares of Clearwater Seafoods for approximately $537 million. FNC Holdings will become 50 per cent owners of Clearwater and will hold Clearwater’s Canadian fishing licences within a fully Mi’kmaq-owned partnership. The First Nations Finance Authority will provide funding to the coalition of Mi’kmaq First Nations in connection with the transaction. The strategic investment puts the First Nations coalition into a leading global position in the seafood industry, with the largest holdings of shellfish licences and quotas in Canadian fisheries. Value: $419,922,500 (US$419,922,500) Industry: Technology; Semiconductors Deal: Canon Inc. (TYO:7751) acquisition of  Redlen Technologies Inc. Japanese camera producer Canon acquired B.C. microchip producer Redlen, expanding its stake by 15 per cent in the company, which it first acquired in 2018. Redlen specializes in semiconductors used in medical imaging. The acquisition comes as Canon continues to raise its profile within the medical device industry with the intention of increasing revenue 40 per cent in the sector by 2040. •

Redlen Technologies Web Traffic

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Page Views per Million (PVPM)
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Redlen Technologies Rank

Redlen Technologies Frequently Asked Questions (FAQ)

  • When was Redlen Technologies founded?

    Redlen Technologies was founded in 1999.

  • Where is Redlen Technologies's headquarters?

    Redlen Technologies's headquarters is located at 123 – 1763 Sean Heights, Saanichton.

  • What is Redlen Technologies's latest funding round?

    Redlen Technologies's latest funding round is Acquired.

  • How much did Redlen Technologies raise?

    Redlen Technologies raised a total of $19.78M.

  • Who are the investors of Redlen Technologies?

    Investors of Redlen Technologies include Canon, In-Q-Tel, Pangaea Ventures, BC Advantage Funds, GrowthWorks and 5 more.

  • Who are Redlen Technologies's competitors?

    Competitors of Redlen Technologies include Dilon Technologies, Insight Imaging, ABT Molecular Imaging, M2S, Real Imaging and 13 more.

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