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Cross Atlantic Capital Partners’ Initial Venture Capital Fund to Wind Down; Sell Remaining Portfolio Assets

  Cross Atlantic Capital Partners’ Initial Venture Capital Fund to Wind Down;
  Sell Remaining Portfolio Assets

Business Wire

RADNOR, Pa. -- March 22, 2013

After a number of successful exits, including three IPOs, Cross Atlantic
Capital Partners (“XACP”) has announced that it is terminating its vintage
1999 fund, Cross Atlantic Technology Fund, LP (“XATF”). As part of the
termination process, XATF is liquidating its remaining portfolio company
holdings, including its 668,572 shares of common stock in Rubicon Technology
(NASDAQ: RBCN).

XACP expects the shares of common stock in RBCN held by XATF to be fully
divested by June 30, 2013, although a specific schedule for the sales has not
yet been set.

XACP will continue to actively manage Cross Atlantic Technology Fund II and
its Co-Investment family of funds, and the salesfor XATF will not affect the
continuing ownership of the aggregate 4,985,677 shares of common stock and
warrants for common stock of RBCN held by these other funds.

About Cross Atlantic Capital Partners

Based in Radnor, Pa, Cross Atlantic Capital Partners ("XACP") is one of the
leading venture capital firms based in the mid-Atlantic region, with over $500
million under management. XACP invests primarily in technology companies in
the United States. Leveraging its deep, multi-disciplined network of global
contacts, and the operational experience of its investment team, the firm
actively assists its entrepreneurs and portfolio companies. The XACP portfolio
currently includes a diverse array of companies focusing on Enterprise
Software, SaaS, IT Services, Telecommunications, Financial Services, and other
innovative technologies. http://www.xacp.com/

Contact:

Cross Atlantic Capital Partners
Kevin Jurrens, 215-867-8600 x273
kjurrens@garfieldgroup.com
 
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