Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Pixelligent Technologies Closes $2 Million in Equity Financing: Funding to Support Current and Pending Nanotechnology Development

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:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

University of Akron researchers find thin layers of water can become ice-like at room temperature: Results could lead to an assortment of anti-friction solutions August 30th, 2016

Nanocatalysis for organic chemistry: This research article by Dr. Qien Xu et al. is published in Current Organic Chemistry, Volume 20, Issue 19, 2016 August 30th, 2016

Continuous roll-process technology for transferring and packaging flexible LSI August 29th, 2016

Meteorite impact on a nano scale August 29th, 2016

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

Carbodeon Ltd Oy Closes EUR 1.5 million Funding Round From Straightforward Capital: Carbodeon will accelerate its nanodiamonds business and expand manufacturing capacity August 21st, 2016

Leading Advanced Materials Manufacturer Pixelligent Closes $10.4 Million in Funding: Capital Will Boost Capacity for North American Manufacturing, Drive Asian Expansion, and Continue Innovation in Solid State Lighting and OLED Display Applications August 16th, 2016

Harris & Harris Group to Host a Shareholder Update Call, Including a Presentation by One of Its Precision Health and Medicine Portfolio Companies, Muses Labs, Inc., on August 23, 2016 August 16th, 2016

NanoLabNL boosts quality of research facilities as Dutch Toekomstfonds invests firmly June 10th, 2016

Chip Technology

Continuous roll-process technology for transferring and packaging flexible LSI August 29th, 2016

A nanoscale wireless communication system via plasmonic antennas: Greater control affords 'in-plane' transmission of waves at or near visible light August 27th, 2016

A promising route to the scalable production of highly crystalline graphene films August 26th, 2016

Analog DNA circuit does math in a test tube: DNA computers could one day be programmed to diagnose and treat disease August 25th, 2016

Materials/Metamaterials

A promising route to the scalable production of highly crystalline graphene films August 26th, 2016

Graphene under pressure August 26th, 2016

Unraveling the crystal structure of a -70 Celsius superconductor, a world first: Significant advancement in the realization of room-temperature superconductors August 25th, 2016

Semblant to Present at China Mobile Manufacturing Forum 2016 August 25th, 2016

Announcements

University of Akron researchers find thin layers of water can become ice-like at room temperature: Results could lead to an assortment of anti-friction solutions August 30th, 2016

Nanocatalysis for organic chemistry: This research article by Dr. Qien Xu et al. is published in Current Organic Chemistry, Volume 20, Issue 19, 2016 August 30th, 2016

Continuous roll-process technology for transferring and packaging flexible LSI August 29th, 2016

Meteorite impact on a nano scale August 29th, 2016

Energy

New electrical energy storage material shows its power: Nanomaterial combines attributes of both batteries and supercapacitors August 25th, 2016

Lehigh engineer discovers a high-speed nano-avalanche: New findings published in the Journal of Electrochemical Society about the process involving transformations in glass that occur under intense electrical and thermal conditions could lead the way to more energy-efficient glas August 24th, 2016

New flexible material can make any window 'smart' August 23rd, 2016

Researchers reduce expensive noble metals for fuel cell reactions August 22nd, 2016

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







Car Brands
Buy website traffic