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Nanolayers Ltd., an innovative organic semiconductor company, announced today the closing of a seed financing round. The round was led by the Millenium Materials Technology Fund. Other investors participating in this round included Intel Capital and Summit Technology. Financial details were not disclosed.
Nanolayers' ultra-thin film enabling technology constitutes an important advancement in the fields of organic materials and molecular electronics. The company has demonstrated the performance and scalability requirements necessary to enable a broad range of high-performance organic circuitry and devices. Nanolayers' organic semiconducting materials hold the potential for lowering microelectronic production costs and expanding device configurations. Initial applications may include flat-panel displays (TFT-LCD and OLED) and semiconductor ICs.
"We are very excited about this funding round and by the participation of Millenium, Intel Capital and Summit," commented Ben-Tzion Spitz, CEO of Nanolayers. "We believe that Nanolayers could provide an essential building block to facilitate progress in the microelectronics industry, and we look forward to engaging with technology partners who can utilize this development for multiple applications currently available and those we have yet to envision."
Nanolayers (www.nanolayers.com) was formed in 2001 by Yissum, the Technology Transfer Company of The Hebrew University of Jerusalem, to develop and commercialize a deposition technology developed by Dr. Shlomo Yitzchaik, Senior Lecturer of Inorganic Chemistry at The Hebrew University. The technology, known to the scientific community as Molecular Layer Epitaxy (MLE), grants engineers the ability to form highly uniform and stable organic circuitry at less than one-hundredth the size previously attainable. Dr. Yitzchaik serves as the CTO of Nanolayers.
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