Home > Press > Five Star Technologies Inc. Secures US$2.0 Million Financing From MMV Financial Inc.
Five Star Technologies, Inc. ("Five Star"), a leading developer of advanced electronics materials, announces the completion of a US$2MM venture loan from Toronto-based MMV Financial Inc. Five Star is a supplier of high-performance inks and dispersions for use in electronics packaging and assembly operations. Five Star dispersions of conductive, sub-micron and nanoscale particles offer unparalleled stability and uniformity that helps customers significantly improve electrical and thermal performance.
Five Star Technologies Inc. Secures US$2.0 Million Financing From MMV Financial Inc.
Cleveland, OH | Posted on October 30th, 2007
"These funds will be used by Five Star to continue development and commercialization of advanced materials, such as specialty dispersions and high performance inks. Our customers will see immediate returns as they integrate these new materials into their production lines," said Gerry Weimann, Chief Executive Officer of Five Star. "MMV quickly saw the value of our innovative technology and we are pleased to have them as a financial partner."
"We are very impressed with both the unique technology Five Star has developed and the numerous commercial applications underway," said Greg Dimmer, Senior Vice President, MMV Financial Inc. "Five Star represents an opportunity for us to invest in a well managed, well supported advanced materials company with significant commercial opportunity."
Five Star Technologies Inc. is a privately held company based in Cleveland, Ohio, with investment from Morgenthaler Ventures, Industrial Technology Ventures, Early Stage Partners, CTTV Investments and Reservoir Venture Partners.
About Five Star Technologies Inc.
Five Star Technologies is a supplier of high-performance dispersions, inks and pastes used in semiconductor and microelectronic packaging, displays, photovoltaics and ceramic component applications. Combining its patented hydrodynamic cavitation process with innovative chemistry, Five Star creates precision dispersions of a wide range of materials, enabling the printing of finer circuit features with enhanced performance profiles. The ElectroSperse(TM) line of inks and pastes features a range of products with excellent printability, high levels of conductivity, strong adhesion to a variety of substrates, and RoHS compliance. For more information, please visit Five Star Technologies website at http://www.fivestartech.com/ .
About MMV Financial Inc.
MMV Financial is a Toronto-based specialty finance company providing creative debt solutions to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de depot et placement du Quebec, NewStar Financial Inc, and Wells Fargo Company.
For more information visit: http://www.mmvf.com
For more information, please click here
Senior Vice President
MMV Financial Inc.
Gerard R. Weimann
Five Star Technologies, Inc.
Copyright © PR Newswire Association LLC.
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Eight19 secures £1m funding: Investment to develop production technology, and expand commercial activities for organic photovoltaics November 19th, 2014
Harris & Harris Group Reports Financial Statements as of September 30, 2014 November 11th, 2014
Harris & Harris Group to Host Conference Call on Third Quarter 2014 Financial Results on November 12, 2014 November 3rd, 2014
TARA Biosystems and Harris & Harris Group Form Company to Improve Safety and Efficacy of New Therapies October 22nd, 2014
New research project supports internationalisation in nano-research: Launch of new “Baltic Sea Network” November 22nd, 2014
3rd Iran-Proposed Nano Standard Approved by International Standard Organization November 22nd, 2014
NMTI announces breakthrough solutions for HAMR nanoantenna for next-generation ultra-high density magnetic storage November 21st, 2014
Nano Sorbents Able to Remove Pollutions Caused by Oil Derivatives November 20th, 2014
Canatu Launches CNB In-Mold Film for Transparent Touch on 3D Surfaces –in Cars, Household Appliances, Wearables, Portables November 20th, 2014
SouthWest NanoTechnologies to Demonstrate 3D Capacitive Touch Sensor Featuring Transparent, Thermoformed Carbon Nanotube Ink at Printed Electronics USA 2014 (Booth J25) -- “Conductive and Semiconducting Single-Wall Carbon Nanotube Inks” will be Topic of Company Presentation November 10th, 2014
Longhorn beetle inspires ink to fight counterfeiting November 5th, 2014
'Nanomotor lithography' answers call for affordable, simpler device manufacturing October 31st, 2014