SAANICHTON, British Columbia--(BUSINESS WIRE)--Redlen Technologies is pleased to announce that it has completed a $5.5 million financing led by Pangaea Ventures with participation from other major investors including In-Q-Tel. Redlen Technologies is a leading manufacturer of high resolution Cadmium Zinc Telluride (CZT) semiconductor radiation detectors. CZT detectors provide a key technological advance in radiation dose reduction, image resolution, and diagnostic accuracy across a broad range of medical and security applications. The company will use proceeds from the financing to further expand its product line and volume production capabilities for its precision radiation imaging and detection products.
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