|
Abstract:
Pixelligent Technologies, an emerging leader in developing nanotechnology applications, announced today it has closed on $2 million in new equity financing. Pixelligent is developing ground breaking applications in optical lithography and nanocomposites for the semiconductor and microelectronics markets.
Pixelligent Technologies Closes $2 Million in Equity Financing: Funding to Support Current and Pending Nanotechnology Development
College Park, MD | Posted on May 28th, 2009"To raise capital for a development stage company in the current economic environment is a true testament to the tremendous potential and importance of our technology," said Craig Bandes, CEO of Pixelligent Technologies.
The investors include sophisticated local angel investors, a well known west coast-based tech entrepreneur and the company's management team. The proceeds were used for costs related to completing the company's reorganization and will also be used to help fund current development initiatives and government programs going forward.
"We were one of the first to recognize the potential of using nanotechnology in critical optical lithography applications for the semiconductor industry and we are now expanding this technology into other related fields," said Greg Cooper, PhD, President of Pixelligent. "This funding, in combination with the support we have received from federal grant programs, has enabled us to support our world class nanotechnology team and move our technology closer to the market." #### About Pixelligent Technologies
Pixelligent Technologies LLC is an award-winning development stage nanotechnology company that is developing unique and patented materials that will improve the performance of integrated circuits, nanocomposite materials, and renewable energy systems. The company was established in 2000 and was named a Maryland Incubator Company of the year in 2006. Pixelligent has been awarded millions of dollars in federal grant funding from the National Institute of Standards and Technology (NIST) under their highly competitive Advanced Technology Program and from the National Science Foundation (NSF) through the Small Business Innovation Research (SBIR) program. The company has a team of 10 leading PhD experts in nanotechnology that have published over 200 peer reviewed papers and articles. Pixelligent is headquartered in the University of Maryland incubator building, where it has four labs and over 4,000 square feet of lab space.
For more information, please click here
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:
News and information
Innovation Days: They did build it. Will you come? February 9th, 2010
Unidym Adds Malcolm Gillis, Ph.D. to Board of Directors February 9th, 2010
Composite nanomaterials show promise for solar hydrogen generation February 9th, 2010
New JEOL Microprobe Helps Advance Research Opportunities for Students and Industry in North Carolina February 9th, 2010
VC/Funding/Angel financing/Loans/Leases
Nanostart increases its investment in promising portfolio company Curiox October 27th, 2009
Harris & Harris Group Files to Deregister Shares Not Sold in Offering October 27th, 2009
Harris & Harris Group Announces Closing Of Follow-On Public Offering October 10th, 2009
The venture capital veteran Franklin "Pitch" Johnson will take part in the Second International Nanotechnology Forum October 6th, 2009
Chip Technology
NanoRite to be used for biosensing research project February 9th, 2010
SEMATECH and ASML Form Partnership at UAlbany NanoCollege February 9th, 2010
Ultratech Receives Follow-On, Multi-System Order for Laser Spike Annealing Systems From Major Logic February 8th, 2010
Startup joins UCLA tech incubator space to develop contactless electronic connections February 6th, 2010
Materials
Nanosculptors banish brittleness in smart alloys February 9th, 2010
A greener route to photoelectrochemical PbS nanoparticles February 8th, 2010
Doped Graphane Should Superconduct at 90K February 8th, 2010
Nanomaterials - Worldwide Market Challenges & Opportunities February 8th, 2010
Announcements
Composite nanomaterials show promise for solar hydrogen generation February 9th, 2010
New JEOL Microprobe Helps Advance Research Opportunities for Students and Industry in North Carolina February 9th, 2010
SEMATECH and ASML Form Partnership at UAlbany NanoCollege February 9th, 2010
Energy from Light and Water February 9th, 2010
Energy
Four universities join on climate, energy work February 9th, 2010
Composite nanomaterials show promise for solar hydrogen generation February 9th, 2010
Energy from Light and Water February 9th, 2010
U.S. Solar Market to Double in the Next Year February 8th, 2010
| 
