Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > NanoGram Corporation Raises $32M to Extend Solar Technology and Advanced Materials Solutions to Commercial Scale

Abstract:
Names Executive Timothy H. Starkey to Lead Solar Module Pilot Plant Build-Out; Adds Benoit Pouliquen as Independent Director

NanoGram Corporation Raises $32M to Extend Solar Technology and Advanced Materials Solutions to Commercial Scale

MILPITAS, CA | Posted on January 15th, 2008

NanoGram Corporation, a leading developer and licensor of core process technology for the manufacture of unique nanostructured materials for optical, electronic and energy applications, today announced that it has closed on a third equity round of $32M to date to expand its solar technology and nanomaterials solutions businesses.

In addition to follow-on investments from existing investors ATA Ventures, Bay Partners, Harris & Harris, Institutional Venture Partners, Nth Power, Rockport Capital Partners, SBV Venture Partners, and Technology Partners, NanoGram adds Global Cleantech Capital, Masdar Clean Tech Fund, Mitsui Ventures, Nagase & Co., Nanostart AG, TEL Venture Capital, and Yasuda Enterprise Development as new investors.

The new funding will be used to accelerate development of NanoGram's proprietary silicon solar technology and its advanced nanomaterials solutions for flat panel displays, solid state lighting, lithium-ion batteries, and printed electronics.

"NanoGram is an agile company creating new market opportunities by understanding the needs of our customers and partners," said NanoGram President and CEO Dr. Kieran Drain. "Our expansion into the solar market and strong customer interest in our core nanomaterials solutions proves our technology has the potential to generate game-changing products. These new funds allow us to increase momentum."

Ira Ehrenpreis, General Partner at Technology Partners, concurs stating, "NanoGram has already seen the successful spinouts of NeoPhotonics and NanoGram Devices, and is now pursuing additional exciting Cleantech opportunities in new large markets with their energy and advanced materials technologies. Managed by seasoned executives, the company continues to execute towards their vision of being a leading provider of nano-enabled materials solutions to their customers and partners."

"The application of NanoGram's nanomaterials solution to the solar sector opens up an extremely exciting frontier in the development of cost-effective solar technology," remarked Alex O'Cinneide, Partner at the Masdar Clean Tech Fund, a part of the Government of Abu Dhabi's multi-billion dollar initiative in advanced energy technologies and sustainable development. "We believe that this application combined with the deep experience of their management team and their clearly articulated market strategy will achieve both near term successes and deliver on long term potential. Given the enormous promise of their technology, we are more than pleased to have a technology leader such as NanoGram in our portfolio."

Dr. Paul Kloppenborg, CEO of Global Cleantech Capital and an experienced solar investor who was one of the early active investors in Renewable Energy Corporation (REC) and Q-Cells, states, "We believe that by helping NanoGram to commercialize their proprietary solar knowledge we accelerate our own solar investment program to deliver the high efficiencies of crystalline silicon with the cost savings of thin film. I believe NanoGram's solar technology has the potential to contribute to the cost breakthrough in next generation photovoltaic technologies."

The NanoGram Solutions business unit, which serves customers and partners in the optical, electronic, and energy arenas, will use the new funds to hasten the commercial realization of advanced nanomaterials solutions currently in development. These solutions, when coupled with NanoGram's complete licensing package and production-scale Nanoparticle Manufacturing (NPM™) equipment, offer customers and partners the ability to secure competitive advantages for their applications through higher levels of performance and innovative cost-saving processing routes.

NanoGram today also announced the addition of Timothy H. Starkey as vice president of Solar Manufacturing and Benoit Pouliquen as independent director. Mr. Starkey joins the NanoGram Solar business unit and will oversee the team responsible for the design, integration and operation of a solar module pilot plant. Mr. Starkey brings over 30 years of industry experience including executive management roles at Miasolé, JDSU, SpectraSwitch, and Komag.

Mr. Pouliquen joins the board of directors having most recently served as president and CEO of Sheldahl, a manufacturer of flexible circuits and technical materials which he successfully took private and sold to Flextronics in 2004. Prior to Sheldahl, Mr. Pouliquen was president and COO of BMC Industries and president of the electronics division of Johnson Matthey where he completed the successful sale of the division to Allied Signal, Inc. in 2000.

####

About NanoGram Corporation
NanoGram Corporation develops and licenses core process technology that enables the manufacture of unique nanoscale compositions for optical, electronic and energy products. The company has developed an extensive intellectual property portfolio that is expanding the boundaries of nanomaterials technologies and enabling the development and manufacture of new generations of materials, devices, components and applications across a broad range of industries. The NanoGram KK office in Shinjuku, Tokyo supports its growing presence in Japan, while the NanoGram Korea office in Seoul serves local customers in that country. NanoGram has established a strategic development and manufacturing supply relationship with Nagase & Co., Ltd. / Nagase ChemteX Corporation. Additional information about NanoGram is available at www.nanogram.com.

For more information, please click here

Contacts:
NanoGram Corporation
Missy Bindseil
+1 830-237-9527 (US)


Koichi Miyamoto
+81 3 5366 2431 (Japan)


Pete Han
+82 2 548 4760 (Korea)

Copyright © Business Wire 2008

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

News and information

When mediated by superconductivity, light pushes matter million times more April 28th, 2015

Chemists strike nano-gold: 4 new atomic structures for gold nanoparticle clusters: Research builds upon work by Nobel Prize-winning team from Stanford University April 28th, 2015

More is less in novel electronic material: Adding electrons actually shrinks the system April 27th, 2015

Two-dimensional semiconductor comes clean April 27th, 2015

Display technology/LEDs/SS Lighting/OLEDs

QD Vision Wins 2015 Bronze Edison Award for Color IQ™ Quantum Dot Technology April 26th, 2015

Nature: Low-reflection wings make butterflies nearly invisible: Irregular nanostructures on the transparent wing of the glasswing butterfly prevent the reflection of light -- publication in Nature Communications -- researchers plan applications April 23rd, 2015

Whiteboards of the future: New electronic paper could make inexpensive electronic displays: A simple structure of bi-colored balls made of tough, inexpensive materials is well suited for large handwriting-enabled e-paper displays April 21st, 2015

QD Vision Expands Product Line with Two-Millimeter Color LCD Display Optic: Color IQ™ Optic Enables Full-Color Gamut for Ultra-Thin Displays and All-in-One Computers April 16th, 2015

Light in a spin: Researchers demonstrate angular accelerating light April 15th, 2015

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Harris & Harris Group Sponsors NYC American Heart Association's Health Sciences Innovation Investment Forum: Co-founder of Harris & Harris Group Portfolio Company TARA Biosystems to Speak About the Value of Tissue Engineering Technology April 21st, 2015

Long Island Capital Alliance Announces Participants for Brookhaven National Laboratory Technology Transfer Capital Forum on May 8: Keynote Speaker Dr. Doon Gibbs, Director of Brookhaven National Laboratory April 16th, 2015

Announcements

When mediated by superconductivity, light pushes matter million times more April 28th, 2015

Chemists strike nano-gold: 4 new atomic structures for gold nanoparticle clusters: Research builds upon work by Nobel Prize-winning team from Stanford University April 28th, 2015

Graphenea celebrates fifth anniversary April 27th, 2015

Sensor Designed in Iran Able to Remove Formaldehyde Gas from Environment April 27th, 2015

Patents/IP/Tech Transfer/Licensing

Long Island Capital Alliance Announces Participants for Brookhaven National Laboratory Technology Transfer Capital Forum on May 8: Keynote Speaker Dr. Doon Gibbs, Director of Brookhaven National Laboratory April 16th, 2015

MIT sensor detects spoiled meat: Tiny device could be incorporated into 'smart packaging' to improve food safety April 15th, 2015

Heat-Converting Material Patents Licensed April 8th, 2015

From tobacco to cyberwood March 31st, 2015

Appointments/Promotions/New hires/Resignations/Deaths

Dais Analytic Corporation Appoints Eliza Wang to Board of Directors: Company's Newest Director Brings Expertise in Commercial and Legal Matters Both in the United States and China; Joins on the Heels of Successful Business Development Trade Mission to China April 18th, 2015

Nanion Technologies Appoints James Costantin as Director of Customer Relations: Nanion is pleased to announce the appointment of Dr. James Costantin as Director of Customer Relations at Nanion Technologies Inc. March 31st, 2015

Nanofilm Appoints Senior Sales/Marketing Executives: Don Tecco, Director of Optical Sales, North America and Rex Talbott, Business Director Optical Products March 23rd, 2015

KIT Increases Commitment in Asia: DAAD Funds Two New Projects: Strategic Partnerships with Chinese Universities and Communi-cation Technologies Network February 22nd, 2015

Energy

Pseudoparticles travel through photoactive material: KIT scientists measure important process in the conversion of light energy -- publication in Nature Communications April 24th, 2015

Scientists Use Nanoscale Building Blocks and DNA 'Glue' to Shape 3D Superlattices: New approach to designing ordered composite materials for possible energy applications April 23rd, 2015

'Holey' graphene for energy storage: Charged holes in graphene increase energy storage capacity April 22nd, 2015

Expanding the reach of metallic glass April 22nd, 2015

Solar/Photovoltaic

Pseudoparticles travel through photoactive material: KIT scientists measure important process in the conversion of light energy -- publication in Nature Communications April 24th, 2015

Printing Silicon on Paper, with Lasers April 21st, 2015

Better battery imaging paves way for renewable energy future April 20th, 2015

The microscopic topography of ink on paper: Researchers have analyzed the varying thickness of printed toner in unprecedented 3-D detail, yielding insights that could lead to higher quality, less expensive and more environmentally-friendly glossy and non-glossy papers April 14th, 2015

Printing/Lithography/Inkjet/Inks

Northwestern scientists develop first liquid nanolaser: Technology could lead to new way of doing 'lab on a chip' medical diagnostics April 25th, 2015

New class of 3D-printed aerogels improve energy storage April 22nd, 2015

Printing Silicon on Paper, with Lasers April 21st, 2015

Advances in molecular electronics: Lights on -- molecule on: Researchers from Dresden and Konstanz succeed in light-controlled molecule switching April 20th, 2015

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