May 18, 2019 – Metal Life Inc. (KOSDAQ: 327260) announced its $2.17M USD investment from Korea Investment Partners, South Korea’s leading venture capital and private equity firm.
Metal Life Inc is a manufacturer of hermetic packages for various compound semiconductor applications. According to Metal Life Inc., Korea Investment Partners recently acquired $2.17M in convertible bonds (CB) issued by Metal Life Inc. and an additional investment of $0.43M (old) worth of stocks.
Metal Life Inc’s Parent Company, RFHIC Corporation (23,800▲300 +1.28%) also invested $0.87M worth of stock (new) and Korea Investment & Securities invested $0.43M worth of stocks (old) with a total investment of$3.91M USD.
Korean Investment Partner’s Representative stated, “Metal Life Inc’s broad product portfolio of packaging materials can be used for various industrial applications. By working closely with RFHIC (Parent Company) Metal Life Inc could bring significant growth in ceramic packages used for 5G and Defense applications.”
Reporter Kim So Hyun, firstname.lastname@example.org
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RFHIC Corporation provides innovative GaN solutions that transform how the world operates, communicates, and protects. Our cutting edge GaN technology is the core foundation of all our inventions for creating a better, faster, and more efficient world. As a global leader in designing and manufacturing GaN RF & Microwave components, we envision spurring a new era of high-powered and reliable devices for the next big change in industrial, cellular, and defense technology. Headquartered in Anyang, South Korea. RFHIC has a US sales office in Morrisville, North Carolina, and sales distributors throughout North America, Europe, and Asia. RFHIC is an ISO9001 (International quality standard) and ISO14001 (Environmental management standard) certified company, providing reliable and dependable products worldwide.