Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Powermetal Technologies raises $10 million in financing

Powermetal Technologies raises $10 million in financing

Carlsbad, CA | October 20, 2005

PowerMetal Technologies, Inc. a leading nanotechnology applications company, announced today that its equity financing round has been closed at its goal of $10 million. PowerMetal Technologies is financed by a combination of venture capital, private investors and the management team.

The new investment is earmarked for expansion in order to meet customer demand for PowerMetal’s innovative nanometals technology. The advanced materials nanotechnology applications company believes that it is now fully capitalized to meet its needs and hence closed the round. PowerMetal’s unique nanotechnology allows our customers to create and market products that surpass previous levels of performance.

“With customer agreements from market-leading players in hand, we are now transitioning from designing and prototyping of nanometal components, to ramping up full-scale production to meet our volume commitments,” said Edward Hughes, PowerMetal President and CEO. “The funding also allows us to open the new PowerMetal Technologies NanoCenter, thus tripling our prototyping and pilot run capacity. I am delighted with the caliber of investors that have chosen to support PowerMetal Technologies, including venture funding from Toronto-based, Mosaic Capital Partners.”

PowerMetal’s ultra-strong nanometals and alloys provide sporting goods and consumer products manufacturers with a tremendous opportunity to create game-changing products. PowerMetal’s technology allows its customers to create structural layers of nanometal with revolutionary performance properties that enable unprecedented design flexibility and cost effective volume production. The company is currently working with many of the leading sporting goods companies in the major sports categories.

“The level of investor interest and the speed with which this financing was completed is a testimony to the quality of the PowerMetal investment opportunity,” said Ron Farmer, a Managing Director of Mosaic Capital Partners. “This is one of the few companies in the nanotech space that is currently producing and selling nanostructured products. A seasoned management team, extensive, market-tested IP, proven business model and significant customer commitments, made this a unique and compelling deal.”

####
Contact:
Douglas Raggio
UMA, Inc.
562-546-6006
draggio@umainc.net

Copyright © PowerMetal Technologies

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Investments/IPO's/Splits

Industrial Nanotech, Inc. Provides Shareholder Update August 22nd, 2016

Carbodeon Ltd Oy Closes EUR 1.5 million Funding Round From Straightforward Capital: Carbodeon will accelerate its nanodiamonds business and expand manufacturing capacity August 21st, 2016

Leading Advanced Materials Manufacturer Pixelligent Closes $10.4 Million in Funding: Capital Will Boost Capacity for North American Manufacturing, Drive Asian Expansion, and Continue Innovation in Solid State Lighting and OLED Display Applications August 16th, 2016

Harris & Harris Group to Host a Shareholder Update Call, Including a Presentation by One of Its Precision Health and Medicine Portfolio Companies, Muses Labs, Inc., on August 23, 2016 August 16th, 2016

Materials/Metamaterials

A promising route to the scalable production of highly crystalline graphene films August 26th, 2016

Graphene under pressure August 26th, 2016

Unraveling the crystal structure of a -70° Celsius superconductor, a world first: Significant advancement in the realization of room-temperature superconductors August 25th, 2016

Semblant to Present at China Mobile Manufacturing Forum 2016 August 25th, 2016

Announcements

Forces of nature: Interview with microscopy innovators Gerd Binnig and Christoph Gerber August 26th, 2016

A promising route to the scalable production of highly crystalline graphene films August 26th, 2016

Graphene under pressure August 26th, 2016

New electrical energy storage material shows its power: Nanomaterial combines attributes of both batteries and supercapacitors August 25th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic