Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Palladium Equity Partners Makes $10 Million Commitment to Starfire Systems

Abstract:
Palladium Equity Partners, LLC, a New York-based private equity firm, and Starfire Systems,Inc., a leading global developer and manufacturer of nanostructured advanced ceramic materials and finished products, today announced that Palladium has committed to invest up to $10 million in Starfire through the acquisition of preferred stock in a private placement. Palladium's investment will provide growth capital for Starfire and the private equity firm will be Starfire's largest institutional investor.

Palladium Equity Partners Makes $10 Million Commitment to Starfire Systems

NEW YORK and MALTA, NY | Posted on July 11th, 2007

Peter A. Joseph, a Managing Director of Palladium, said, "Starfire's
nanostructured advanced ceramics position the Company to benefit from
trends in the aerospace, automotive, electronics, energy and other
manufacturing industries where advanced materials are central to growth and
innovation. Under the leadership of Richard Saburro, Starfire's President,
and his team, the Company has emerged as a provider of adaptable,
light-weight ceramic products that have superior strength and durability.
Starfire products offer innovative alternatives to conventional materials,
enabling customers to realize reduced costs with more flexible design
capability. We are delighted to make this commitment in support of the
growth and success of an excellent New York-based company."

Starfire Systems develops and manufactures performance materials and
products for electronics, transportation, aerospace, and other key
industries. Starfire's products are manufactured with proprietary
ceramic-forming polymers that yield nanostructured ceramics with superior
properties and lower cost compared to advanced ceramics produced with
conventional methods. Products developed by Starfire are currently used in
applications from ultra light- weight brake rotors for performance
motorcycles to the NASA Space Shuttle's heat shield repair kit.

Starfire Systems is located in the Saratoga Technology + Energy Park
(STEP), Malta, NY, a 280-acre site dedicated to the support and development
of clean energy and environmental technology companies in the heart of New
York's Tech Valley. STEP is owned and sponsored by the New York State
Energy Research and Development Authority (NYSERDA), a public benefit
corporation of the State of New York.

Starfire President and CEO, Richard Saburro, said, "Palladium brings
both capital and manufacturing experience to Starfire at a crucial time as
we expand our operations in a new facility and introduce groundbreaking new
products to the industries we serve. Palladium will be a valuable addition
to our team at STEP which, under the leadership of NYSERDA, has provided
strong support for Starfire's growth and development. We look forward to
working with Palladium, NYSERDA and STEP as we continue to develop a
leadership position in the advanced ceramics industry, worldwide."

NYSERDA President and CEO, Paul D. Tonko, said, "Starfire is a prime
example of a small company achieving growth and success through public and
private partnerships, and we at NYSERDA are extremely pleased to see
Starfire receive such great support from Palladium. The investment will
help Starfire continue to succeed and complement the Governor's efforts to
promote the manufacturing of clean energy and environmentally friendly
technologies and enhance economic development in upstate New York."

####

About Palladium Equity Partners, LLC
Starfire Systems, Inc. is the leading global developer and manufacturer
of break-through nanostructured ceramic materials and finished products.
Our patented pre-ceramic polymer technology simplifies the production of
nanostructured silicon carbide (SiC) fiber-reinforced composites,
monoliths, and coatings. For the first time, the design and cost advantages
long associated with polymer-based plastics are combined with the superior
performance properties of leading edge ceramics. This translates into new
materials options that are both light-weight and tough while critical
performance characteristics for hardness and thermal stability are
maintained. Starfire is pioneering nanostructured ceramics in key markets
for transportation, aerospace, electronics, and others. Our clients are
forward thinking companies who recognize that new materials solutions are
vital to enhance the capabilities of their products and ensure the future
success of their companies. For more information on Starfire and its
enabling technologies and products, visit http://www.starfiresystems.com/ .

About Palladium Equity Partners

Palladium Equity Partners, LLC ( http://www.palladiumequity.com ) is an
investment firm targeting companies in financial and business services,
consumer/retail, food/restaurants, healthcare, manufacturing, and media.
Palladium has a particular focus on companies that are well-positioned to
capitalize on the fast-growing U.S. Hispanic market. The principals of
Palladium have invested over $2.5 billion of equity in more than 50
portfolio companies over the last two decades. Formed in 1997, Palladium
currently has capital under management in excess of $750 million.

For more information, please click here

Contacts:
Palladium Equity Partners
David Lilly / Laura Walters
Kekst and Company
212-521-4800

Copyright © PR Newswire Association LLC.

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

Harris & Harris Group Notes the Receipt of Proceeds From the Sale of Molecular Imprints' Semiconductor Business to Canon April 22nd, 2014

Harris & Harris Group Continues Its Blog Series to Highlight Most Impactful Portfolio Companies With Champions Oncology, Inc. April 17th, 2014

Nanometrics to Announce First Quarter Financial Results on April 29, 2014 April 9th, 2014

Harris & Harris Group Notes Mersana's Collaboration Agreement With Subsidiary of Takeda Pharmaceutical Co. April 8th, 2014

Materials/Metamaterials

Guo Lab Shows Potential of RNA as Heat-resistant Polymer Material for Nanoarchitectures April 23rd, 2014

Nanomaterial Outsmarts Ions April 22nd, 2014

Thinnest feasible membrane produced April 17th, 2014

INSCX™ exchange to present Exchange trade reporting mechanism for engineered nanomaterials (NMs) to UK regulation agencies, insurers and upstream/downstream users April 17th, 2014

Announcements

Characterizing inkjet inks: Malvern Instruments presents new rheological research April 23rd, 2014

NanoSafe, Inc. announces the addition of the Labconco Protector® Glove Box to its NanoSafe Tested™ registry April 23rd, 2014

Study finds long-term survival of human neural stem cells transplanted into primate brain April 23rd, 2014

High-Performance, Low-Cost Ultracapacitors Built with Graphene and Carbon Nanotubes: Future devices based on technology could bridge gap between batteries and conventional capacitors in portable electronics and hybrid electric vehicles April 23rd, 2014

Automotive/Transportation

High-Performance, Low-Cost Ultracapacitors Built with Graphene and Carbon Nanotubes: Future devices based on technology could bridge gap between batteries and conventional capacitors in portable electronics and hybrid electric vehicles April 23rd, 2014

Relieving electric vehicle range anxiety with improved batteries: Lithium-sulfur batteries last longer with nanomaterial-packed cathode April 16th, 2014

Tiny particles could help verify goods: Chemical engineers hope smartphone-readable microparticles could crack down on counterfeiting April 15th, 2014

Nanotech Business Review 2013-2014 April 9th, 2014

Aerospace/Space

National Space Society Congratulates SpaceX on the Success of CRS-3 and the First Flight of the Falcon 9R April 22nd, 2014

Tiny particles could help verify goods: Chemical engineers hope smartphone-readable microparticles could crack down on counterfeiting April 15th, 2014

NASA Engineers Prepare Game Changing Cryotank for Testing April 9th, 2014

Space Industry Leaders Countdown To Space Tech Expo 2014 – Opening Next Week: Space Tech Expo and Conference 2014 opens its doors at the Long Beach Convention Center, Long Beach April 1 – 3 March 30th, 2014

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







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE