Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > JMAR Completes $750,000 New Financing

Abstract:
Supports Working Capital and Product Development Activity

JMAR Completes $750,000 New Financing

San Diego, CA | Posted on April 18th, 2007

JMAR Technologies, Inc. (OTCBB:JMAR), a leading developer of advanced laser and photonics technologies, announced today the receipt of $750,000 in new financing from its financial partner, Laurus Master Fund, Ltd. (Laurus). The Company issued Laurus a secured note and ten-year warrants to purchase JMAR common stock. The Company will use these funds for working capital, to support ongoing technology development efforts, and to establish strategic business alliances.

"This additional financing reflects our financial partner's appreciation of our determination to demonstrate technical accomplishment throughout our portfolio of technology products," said Dr. Neil Beer, president and chief executive officer of JMAR Technologies. "We are confident in the progress JMAR is making in developing leading-edge products that attract strong market interest, and we hold fast to our vision of being widely recognized as an R&D center of excellence."

####

About JMAR Technologies, Inc.
JMAR Technologies, Inc. is a leading innovator in the development of laser-based technology and x-ray processes for nano-scale imaging, analysis and fabrication. The Company is leveraging more than a decade of laser and photonics research to develop a portfolio of nanotech products with commercial applications in rapidly growing industries, while continuing to carry out research and development for the U.S. Government.

JMAR’s lead commercialized product, BioSentry™, is a contamination warning system for waterborne microorganisms, using laser-based, multi-angle light scattering technology to provide continuous, on-line, real-time monitoring for harmful microorganisms. JMAR’s pursuit of cutting-edge products includes its BriteLight™ laser, a stand-alone product as well as the x-ray light source in nanolithography systems, and the x-ray NanoProbe for enabling nano-scale interaction, analysis and materials modification. In addition, JMAR maintains key strategic alliances for the prototyping and production of an organic chemical sensor and a nanoparticle ultra-thin coating system.

This news release contains certain “forward-looking statements.” Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, and many of which are beyond the Company’s control. Actual results could differ materially from these forward-looking statements as a result of a number of factors, including the following risks: the risk that the Company is unable to raise sufficient additional funds to support its operations and ongoing product developments, the effects of significant dilution from the sale of its securities in order to raise funds, the risk that the Company’s BioSentry product does not perform as anticipated or the expected market for such product does not materialize as expected, delays in completion of the X-ray Nano Probe prototypes and transition to production units, the failure of JMAR’s development partner to commercialize and sell the X-Ray Microscope as expected, the failure of the Company’s technology to perform as predicted, competition from alternative technologies, uncertainties as to the size of the markets, cost and margins for JMAR’s products, failure to obtain market acceptance, current or future government regulations affecting the use of JMAR’s products, the lack of availability of critical components, the degree of protection from future patents, other risks associated with the development or acquisition of new products or technologies, and those risks detailed in the Company’s Form 10-K for the year ended December 31, 2006, filed with the SEC. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved. JMAR Technologies, Inc. does not assume any duty to publicly update or revise the material contained herein.

For more information, please click here

Contacts:
JMAR Technologies, Inc.
Neil Beer, Chief Executive Officer,
or
CEOcast, Inc.
Andrew Hellman, Investor Relations, 212-732-4300

Copyright © Business Wire 2007

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

ORIG3N Added to Companies Presenting at Harris & Harris Group's Annual Meeting, Tuesday June 7, 2016, the New York Genome Center April 27th, 2016

Aspen Aerogels to Present at the 28th Annual ROTH Conference March 14th, 2016

Harris & Harris Group Announces Formation of Co-Investment Fund for Accredited Investors March 9th, 2016

Arrowhead to Present at Upcoming March Conferences March 1st, 2016

Announcements

Hybrid nanoantennas -- next-generation platform for ultradense data recording April 28th, 2016

Superfast light source made from artificial atom April 28th, 2016

Arrowhead Pharmaceuticals Files for Regulatory Clearance to Begin Phase 1/2 Study of ARC-521 April 28th, 2016

The Translational Research Center at the University Hospital of Erlangen in Germany uses the ZetaView from Particle Metrix to quantify extracellular vesicles such as exosomes April 28th, 2016

Photonics/Optics/Lasers

Researchers create a first frequency comb of time-bin entangled qubits: Discovery is a significant step toward multi-channel quantum communication and higher capacity quantum computers April 28th, 2016

Hybrid nanoantennas -- next-generation platform for ultradense data recording April 28th, 2016

NREL theory establishes a path to high-performance 2-D semiconductor devices April 27th, 2016

Physicists detect the enigmatic spin momentum of light April 26th, 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