Nanotechnology Now - Press Release: "NanoInk Closes $65 Million Financing"

Home > Press > NanoInk Closes $65 Million Financing

Abstract:
NanoInk, parent company of the NanoGuardian, NanoFabrication, NanoProfessor and NanoBioDiscovery Divisions announces a $65 million financing to further expand commercial activities

NanoInk Closes $65 Million Financing

Skokie, IL | Posted on October 12th, 2010

NanoInk, Inc. Ž announced today a $65 million financing led by Lurie Investments.

The financing will be used to convert outstanding debt to equity and to provide working capital to expand commercial activities across the company's nanotechnology business. NanoInk currently markets and sells nine nanotechnology products across four divisions worldwide.

"This financing provides working capital to continue our commercial activities and support our growing sales base," said James M. Hussey, Chief Executive Officer of NanoInk. "This financing also provides an opportunity for the company to convert substantially all of our debt
to equity."

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About NanoInk
NanoInk, Inc. is an emerging growth technology company specializing in nanometer-scale manufacturing and applications development for the life sciences, engineering, pharmaceutical, and education industries. Using Dip Pen NanolithographyŽ (DPNŽ), a patented and proprietary nanofabrication technology, scientists are enabled to rapidly and easily create micro-and nanoscale structures from a variety of materials on a range of substrates. This low cost, easy to use and scalable technique brings sophisticated nanofabrication to the laboratory desktop.
Headquartered in the Illinois Science + Technology Park, north of Chicago, NanoInk currently has over 250 patents and applications filed worldwide and licensing agreements with Northwestern University, Stanford University, University of Strathclyde, University of Liverpool, California Institute of Technology and the University of Illinois at Urbana-Champaign. For more information on products and services offered by NanoInk, Inc., visit www.nanoink.net.

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Contacts:
Media Contacts:
David Gutierrez, Dresner Corporate Services, (312) 780-7204,

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