Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Illuminex Corporation Closes $500k Angel Financing Round

Illuminex currently uses silicon for novel photovoltaic technology development. Silicon is a stable semiconductor with controllable properties. It is material of choice for opto-electronic device applications. Currently, silicon technologies accounts for 94% of the photovoltaic industry.
Illuminex currently uses silicon for novel photovoltaic technology development. Silicon is a stable semiconductor with controllable properties. It is material of choice for opto-electronic device applications. Currently, silicon technologies accounts for 94% of the photovoltaic industry.

Abstract:
Nanomaterial firm closes $500K angel financing round to commercialize patented nanowire array based technologies for solar cells, lithium-ion battery anodes, and thermal management materials based on the company's nanowire array technology.

Illuminex Corporation Closes $500k Angel Financing Round

Lancaster, PA | Posted on July 26th, 2010

Illuminex Corporation, based in Lancaster, PA, recently closed a $500K financing round from undisclosed investors. Combined with the Company's multiple State and Federal research grants, this funding will provide over one year of operating runway for Illuminex to accelerate the development and commercialization of functional nanomaterials for commercial devices aimed at emerging alternative energy markets. These include lithium-ion batteries, heat pipes for thermal management, and photovoltaics for producing sustainable solar electricity. The Company is seeking strategic partnerships and additional funding.

Founded by nano-physicists from MIT, Illuminex is commercializing devices based on a platform nanowire array process technology. The Company has developed novel, cost-effective methods for manufacturing nanowire arrays on low-cost substrates using aluminum in a multi-functional capacity. The nanowires resemble bristles on a toothbrush, where each "bristle" is 1/1000th the thickness of a human hair and there are 1 billion "bristles" per square centimeter. The processes Illuminex utilizes to produce the nanowire arrays are readily scalable for mass production.

Company CEO Joe Habib states, "Illuminex's capabilities and methods for engineering nanowire arrays using numerous materials on diverse substrates is what makes the company unique. We are applying these techniques to create novel materials with unique functions by leveraging the small size, uniformity, and density of the nano-structures. These functional nanomaterials could be very important in developing sustainable energy solutions."

Illuminex has begun sampling copper-silicon nanocomposites for use as high capacity lithium ion battery anodes. The nanowires will allow high energy density with very low fade rates and the production techniques are conducive to large-scale, low-cost manufacturing.

Graphite, the most commonly used anode in lithium-ion batteries, has a limited charge capacity (372 mAh/g) that is particularly problematic for applications such as electric vehicles. Silicon has the highest known charge capacity (11 times greater than graphite), making it a highly attractive anode material. However, silicon expands (up to 400%) as it reacts with lithium and disintegrates from the stress when sufficient quantities are used, thus preventing the implementation of this important technology. Illuminex Cu-Si nanocomposite anodes allow silicon to be used by imparting structural support to the silicon with copper nanowires that act analogously to rebar in concrete, while imparting highly effective electrical exchange and added thermal stability.

Another device that Illuminex is prototyping is nanowire photovoltaic (PV) cells based on a dense array of silicon diode nanowires. The PV nanowire material has a theoretical efficiency of 35%, greater than bulk crystalline silicon (typically 20% efficient). Nanowire PV-based cells also use 1/100th the amount of silicon per unit PV cell area as silicon wafer-based cells, potentially offering a much lower $/KWh cost. Illuminex can fabricate the silicon nanowires on glass, metal, threads, or virtually any surface that can be coated.

Illuminex is also developing nanowire-based heat pipes that use copper nanowires as the wick material, replacing conventional sintered copper powder. The nanowire heat pipes currently have 30% lower thermal resistance than conventional wicks and perform at input heat fluxes exceeding 350 W/cm, where sintered powder fails catastrophically. Modified Illuminex nanowire wicks could improve heat pipe efficiency by 5 times conventional sintered powder heat pipes at comparable cost. Illuminex is targeting heat pipe markets for servers/PCs, microprocessors, military and industrial use, and in broader markets for nanowire based thermal interface materials. For additional information, contact George Lauro, Member, Illuminex Board of Directors and Partner, Alteon Capital Partners.

####

About Illuminex
Illuminex was founded in 2003 by Dr. Joe Habib, an MIT Fellow active in nanotechnology ventures for over a decade. Headquartered in Lancaster, PA, Illuminex has 10 employees. Its facilities include three fully equipped research laboratories totaling 5500 square feet, including a brand new CVD facility. Illuminex fabricates nanowires made from a wide range of materials in diverse geometries on numerous substrates. Its near-term products target energy verticals, specifically silicon nanowire arrays for photovoltaics, and copper-silicon nanocomposites for lithium ion battery anodes and copper nanowires for thermal/heat pipes. Illuminex has developed significant patented intellectual property in material formulations, manufacturing methods, and device applications. It has 11 patents pending and 1 patent issued (US 7713849). For more information, visit www.illuminex.biz.

For more information, please click here

Contacts:
George Lauro
Phone: 408-688-1982

Copyright © Illuminex

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

A Tougher Tooth: A new dental restoration composite developed by UCSB scientists proves more durable than the conventional material August 22nd, 2017

Nagoya physicists resolve long-standing mystery of structure-less transition: Nagoya University-led team of physicists use a synchrotron radiation X-ray source to probe a so-called 'structure-less' transition and develop a new understanding of molecular conductors August 21st, 2017

Tokai University research: Nanomaterial wrap for improved tissue imaging August 21st, 2017

Silk could improve sensitivity, flexibility of wearable body sensors August 20th, 2017

Investments/IPO's/Splits

Nanometrics Announces Upcoming Investor Events August 3rd, 2017

Nanometrics to Participate in the 9th Annual CEO Investor Summit 2017: Accredited investor and publishing research analyst event held concurrently with SEMICON West and Intersolar 2017 in San Francisco June 27th, 2017

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Harris & Harris Group Issues Its Financial Statements as of December 31, 2016, Posts Its Annual Shareholder Letter, And Will Host a Conference Call for Shareholders on Friday, March 17, 2017 March 15th, 2017

Announcements

A Tougher Tooth: A new dental restoration composite developed by UCSB scientists proves more durable than the conventional material August 22nd, 2017

Nagoya physicists resolve long-standing mystery of structure-less transition: Nagoya University-led team of physicists use a synchrotron radiation X-ray source to probe a so-called 'structure-less' transition and develop a new understanding of molecular conductors August 21st, 2017

Tokai University research: Nanomaterial wrap for improved tissue imaging August 21st, 2017

Silk could improve sensitivity, flexibility of wearable body sensors August 20th, 2017

Energy

The power of perovskite: OIST researchers improve perovskite-based technology in the entire energy cycle, from solar cells harnessing power to LED diodes to light the screens of future electronic devices and other lighting applications August 18th, 2017

Freeze-dried foam soaks up carbon dioxide: Rice University scientists lead effort to make novel 3-D material August 16th, 2017

Two Scientists Receive Grants to Develop New Materials: Chad Mirkin and Monica Olvera de la Cruz recognized by Sherman Fairchild Foundation August 16th, 2017

Fewer defects from a 2-D approach August 15th, 2017

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

Candy cane supercapacitor could enable fast charging of mobile phones August 17th, 2017

Rice U. scientists map ways forward for lithium-ion batteries for extreme environments: Paper details developments toward high-temperature batteries July 27th, 2017

Regulation of two-dimensional nanomaterials: New driving force for lithium-ion batteries July 26th, 2017

Ultrathin device harvests electricity from human motion July 23rd, 2017

Grants/Sponsored Research/Awards/Scholarships/Gifts/Contests/Honors/Records

Two Scientists Receive Grants to Develop New Materials: Chad Mirkin and Monica Olvera de la Cruz recognized by Sherman Fairchild Foundation August 16th, 2017

2-faced 2-D material is a first at Rice: Rice University materials scientists create flat sandwich of sulfur, molybdenum and selenium August 14th, 2017

Moving at the Speed of Light: University of Arizona selected for high-impact, industrial demonstration of new integrated photonic cryogenic datalink for focal plane arrays: Program is major milestone for AIM Photonics August 10th, 2017

Landscapes give latitude to 2-D material designers: Rice University, Oak Ridge scientists show growing atom-thin sheets on cones allows control of defects August 9th, 2017

Solar/Photovoltaic

The power of perovskite: OIST researchers improve perovskite-based technology in the entire energy cycle, from solar cells harnessing power to LED diodes to light the screens of future electronic devices and other lighting applications August 18th, 2017

Fewer defects from a 2-D approach August 15th, 2017

Controlled manipulation: Scientists at FAU are investigating the properties of hybrid systems consisting of carbon nanostructures and a dye August 8th, 2017

Simultaneous Design and Nanomanufacturing Speeds Up Fabrication: Method enhances broadband light absorption in solar cells August 5th, 2017

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