Mancal increases Micralyne stake

Jan. 22, 2003 — Mancal Corporation Ltd., a Calgary, Alberta, diversified holding company, has increased its stake in Edmonton, Alberta-based MEMS foundry Micralyne Inc., according to Chris Lumb, Micralyne’s president and chief executive. Mancal increased its share in Micralyne to a percentage “in the teens,” Lumb said.

Lumb said he expects continued growth this year and is seeing new applications “in areas where they wouldn’t normally have been expected.” He cited environmental sensing and semiconductor manufacturing as examples. “There’s really growth in medium volume, highly customized applications.”

Micralyne is a widely held private company with no controlling shareholder. Shareholders include employees, directors, Applied Biosystems, JDS Uniphase, the University of Alberta and Mancal. Micralyne was founded in 1998.

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