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ATEL Ventures, a provider of secured financing to emerging growth companies, has committed $3.0 million in equipment lease financing to Cambrios Technologies Corporation, a privately-held company whose cutting edge technology utilizes nanostructures to develop electronic materials and processes for a variety of industries.
The Mountain View, California-based Cambrios is helping drive a revolutionary shift to the use of nano-engineered inorganic material in the creation of electronic components. ATEL Venture's financing package will support Cambrios' rapid development of tangible manifestations of the technology and find commercialization partners with which to bring them to market.
"Cambrios has created an amazing framework of technology," said Steve Rea, Executive Vice President at ATEL Ventures, a division of ATEL Capital Group. "This framework is the key to their amazing potential to provide better, more cost-effective solutions for the electronics industry and is also the reason why ATEL felt this was an excellent, as well as timely, investment."
"We are about to launch our first products and they will come out of the equipment and infrastructure that ATEL financing is helping us build," said Michael Knapp, President & CEO of Cambrios. "We are very grateful for ATEL's support in this endeavor."
Cambrios is an electronic materials company that develops proprietary, competitive products. Cambrios implements its novel technology to simplify electronics manufacturing processes, improve end-product performance and identify ways to satisfy unmet industry needs. Cambrios is also developing solution phase chemistries that will replace more complicated and expensive manufacturing processes.
About ATEL Ventures
ATEL Capital Group formed ATEL Ventures, Inc. to provide working capital and equipment financing term loans to emerging growth companies in information technology, life sciences, specialty retail and alternative energy. Since its founding in 1977, San Francisco-based ATEL Capital Group has become the largest private and closely held independent leasing company in the United States, with approximately $2 billion in asset-secured transactions under management. For information about ATEL Ventures, contact Steven Rea, executive vice president, or visit their website at www.atel.com/ventures.
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ATEL Ventures, Inc.
Executive Vice President
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