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Alps Electric Co. Ltd.

ALPS Electric And Ridgewood Capital Form Venture Partnership

Palo Alto, USA (ots)

ALPS Information Technology Fund, LP, a
core company of the Alps Electric North America, Inc affiliated group
and Ridgewood Capital today announced the formation of a venture
partnership. As part of the agreement, ALPS Information Technology
Fund, LP has made an investment in Ridgewood Capital's Venture Fund
III. The two firms will also collaborate to identify disruptive
technologies in the following sectors: optical components,
semi-conductor for wireless communications, optical and wireless
communication equipment, PC computer peripheral equipment and
automotive electronics.
Leading the team at Ridgewood Capital is Elton Sherwin, Senior
Managing Director of the Palo Alto office. Sherwin, formerly of
Motorola Ventures and author of The Silicon Valley Way said, "This is
an important new relationship for Ridgewood Capital and a partnership
that will be mutually beneficial. The team at ALPS is very
experienced and technically savvy. I look forward to working with
them and introducing them to some very exciting start-ups."
Marty Sukle, Manager at ALPS Information Technology Fund, LP
noted, "We are impressed with the expertise of the technical team at
Ridgewood. Their extensive experience in these sectors and ability to
provide ALPS with quality investment opportunities were the keys to
our decision to be part of Ridgewood's Venture Fund III."
About Alps Electric
Alps Electric Co. Ltd. (headquartered in Japan) and its global
group of companies have manufactured various electronic components
since its foundation in 1948. Based on innovative proprietary
technology and market outlook, the Company provides cutting-edge
electronic components that contribute to the advancement of
multimedia society in the four core businesses of communications and
broadcasting, components, computer peripherals and car electronics.
Based on a four-sphere business structure comprising Japan, Asia, the
United States and Europe, Alps advances global corporate activities
that strengthen partnerships with customers, countries and regions
throughout the world.
About Ridgewood Capital
Ridgewood Capital is a technology venture capital firm. Our
investment team, comprised of former executives from leading
technology companies and investment banks, brings operational,
technical and financial expertise to our portfolio companies.
Ridgewood Capital's highly focused investment strategy is to build a
diverse portfolio of premier technology companies in sectors where
the partners have direct, relevant experience and that promise the
most growth over the next several years: Communications,
Semiconductors, Software and Optical Networking. Ridgewood Capital,
part of the Ridgewood Companies founded in 1982, has a proven track
record over multiple industries for close to 20 years. We have
offices located in Ridgewood, New Jersey and Palo Alto, California.
For more information, visit
Marty Sukle
phone +1/408/361-6490


Leslie W. Golden
Ridgewood Capital
phone +1/201/447-9000