Loadstar Sensors Receives $1 Million in Series A Financing

Released on = January 9, 2006, 11:07 am

Press Release Author = Phaze-9 Corporation

Industry = Computers

Press Release Summary = Sensors, Inc., a leading designer and manufacturer of
capacitive sensors, announced that it has completed a $1 million Series A financing.


Press Release Body = Key investors leading this round are Jeff Drazan - Managing
Director at Sierra Ventures, and Bill Harris - the former CEO of PayPal and Intuit.
Other investors participating in the financing include Annex Ventures, United
Investors Group and other private investors from Silicon Valley.

"Loadstar Sensors has created an innovative new technology that can address the
needs of a wide range of industries and existing multi-billion dollar markets
globally." said Jeff Drazan. "We were impressed by the passion and dedication of
the founding team and are excited to help them take their company to the next
level."

Jeff Drazan and Bill Harris have joined the Board of Directors of Loadstar Sensors.
The terms of the financing were not disclosed.

"In a short period of time, we have developed innovative products, protected our
intellectual property and generated revenue from customers who have enthusiastically
adopted our capacitive load measurement technology. We are excited to have gained
the support of such prestigious and experienced investors to help us build on this
early momentum and rapidly penetrate the marketplace.\" said Div Harish, the CEO and
Co-Founder of Loadstar Sensors, Inc.

Loadstar Sensors, Inc. plans to use the funds to hire key team members, build a
series of new products and implement significant sales and marketing activities.

About Loadstar Sensors, Inc.
Established in 2004, Loadstar Sensors, Inc. is a leader in the design and
manufacture of capacitive sensors for automotive, aerospace, medical device and
industrial applications. We currently sell capacitive load sensors that offer high
sensitivities in a easy to use, mechanically robust, low profile package at an
unprecedented price. We enable inventors and designers to incorporate our sensors
into mass market products where available load measurement solutions were neither
economically feasible nor reliable. Our strategy is to partner with leading players
in specific markets to develop and introduce innovative products that create
significant value for our customers.

For more information, please visit: http://www.loadstarsensors.com


Web Site = http://www.loadstarsensors.com

Contact Details = Loadstar Sensors, Inc., 453 Ravendale Drive, Suite F, Mountain
View, CA 94043
ph. 1-650-938-4282, www.loadstarsensors.com Press Contact: Joanna Laznicka,
Phaze-9 Corporation ph 408-448-3113 joanna@phaze-9.com.

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