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August 19th, 2010
Nanosys Raises $25 million for Thin Solar Panel Development
Abstract:
Nanosys, the Palo-Alto advanced materials architect, announced it raised $25 million in Series E funding this week, as well as plans to form an alliance with Samsung in the development of thin solar panels, memory products and display technologies.
Samsung and the nanotechnology provider will co-develop commercial applications for nano-architected materials for thin film solar and electronics markets, working together to create more efficient and better cost effective models for solar, display, semiconductor, LED and memory markets. As part of the deal, Samsung will invest $15 million of that Series E funding through its Samsung Venture Investment branch.
Source:
redherring.com
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