Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Pixelligent closes $5.1 million in funding; far surpassing funding goals - Innovative NanoAdditive Company Moves to New State-of-the-Art Pilot Manufacturing Facility in Baltimore

Abstract:
Pixelligent, LLC, an innovator in manufacturing nanocrystal additives for the electronics, industrial and military markets, announced today that it has closed $5.1 million in funding. The round was six times over-subscribed and the board significantly upsized the round to make room for the increased demand.

Pixelligent closes $5.1 million in funding; far surpassing funding goals - Innovative NanoAdditive Company Moves to New State-of-the-Art Pilot Manufacturing Facility in Baltimore

Baltimore, MD | Posted on September 26th, 2011

This round included participation from both new and existing investors. The new investors include the Abell Foundation, WISE LLC, and a Baltimore-based Angel group. An additional $300,000 came from the Baltimore Development Corporation (BDC) and the Maryland Department of Business and Economic Development (DBED), $200,000 and $100,000 respectively. The funds will be used for purchasing production equipment, installing new systems and hiring employees.

"The Abell Foundation is committed to supporting Baltimore-based high-tech companies that are creating jobs and developing technology that will benefit society at large," commented Robert Embry, President of the Abell Foundation. "From what we have seen, Pixelligent has demonstrated tremendous progress during the past 24 months and is well positioned for continued growth in the coming years."

"We are proud to support a nanotechnology company that is developing cutting-edge solutions that solve critical challenges in the electronics, industrial, and lubricants fields," commented Lisa Gordon-Hagerty of WISE LLC. "We see tremendous long-term potential for Pixelligent and are thrilled to be involved in this phase of the company's development."

The funding round comes on the heels of Pixelligent moving into a new 10,500 sq. ft. state-of-the-art pilot manufacturing facility in Baltimore, MD. The new facility will meet Pixelligent's current production needs, but also offers plenty of room for expansion as the company continues to grow. Pixelligent is actively recruiting for a number of senior manufacturing, sales, and finance roles and a grand opening ceremony is scheduled for early fall.

"The closing of this round marks a major turning point for Pixelligent as these funds will enable us to significantly increase our manufacturing capacity to both meet current customer demand and accelerate the introduction of our NanoAdditives to a broader market," commented Craig Bandies, CEO Pixelligent Technologies. "We continue to attract world-class investors that believe in our business model and have been impressed by our proven ability to execute on our plan. We are grateful for all of their confidence and support."

Pixelligent has raised nearly $9M in equity and has been awarded more than $9M in Government grant programs during the past 30 months. The Pixelligent nanocrystal additive technology has commercialization potential in many market areas including, electronics, lubricants, energy, transportation, and building and construction.

####

About Pixelligent, LLC
Pixelligent Technologies is a leading supplier of nanocrystal additives for the electronics, industrial and military markets. After over a decade of research development, Pixelligent is the first company to supply commercially available quantities of the highest quality Zirconium and Hafnium nanocrystals for numerous mission critical applications.

For more information, please click here

Contacts:
Michele Tomlinson
Warschawski
(201)744-4497


Denea Curry
Warschawski
(410) 367-2700, ext. 30

Copyright © Pixelligent, 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

Nanoscience makes your wine better September 17th, 2014

Carbon Sciences Developing Breakthrough Technology to Mass-Produce Graphene -- the New Miracle Material: Company Enters Into an Agreement With the University of California, Santa Barbara (UCSB) to Fund the Further Development of a New Graphene Process September 16th, 2014

Nanoribbon film keeps glass ice-free: Rice University lab refines deicing film that allows radio frequencies to pass September 16th, 2014

Effective Nanotechnology Innovations to Receive Mustafa Prize September 16th, 2014

Openings/New facilities/Groundbreaking/Expansion

Nanophase Opens New Polishing Applications Support Laboratory September 9th, 2014

RMIT delivers $30m boost to micro and nano-tech August 26th, 2014

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

Harris & Harris Group Letter to Shareholders on Website August 19th, 2014

Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 August 12th, 2014

SouthWest NanoTechnologies Inc. Announces $2.7 Million in New Financing to Fund Growth, Plant Expansion and Technical Personnel August 11th, 2014

Harris & Harris Group Reports Financial Statements as of June 30, 2014 August 10th, 2014

Chip Technology

‘Small’ transformation yields big changes September 16th, 2014

UT Arlington research uses nanotechnology to help cool electrons with no external sources September 11th, 2014

Excitonic Dark States Shed Light on TMDC Atomic Layers: Berkeley Lab Discovery Holds Promise for Nanoelectronic and Photonic Applications September 11th, 2014

Researchers Create World’s Largest DNA Origami September 11th, 2014

Nanoelectronics

Rice rolls 'neat' nanotube fibers: Rice University researchers' acid-free approach leads to strong conductive carbon threads September 15th, 2014

Excitonic Dark States Shed Light on TMDC Atomic Layers: Berkeley Lab Discovery Holds Promise for Nanoelectronic and Photonic Applications September 11th, 2014

Researchers Create World’s Largest DNA Origami September 11th, 2014

Material development on the nanoscale: Doped graphene nanoribbons with potential September 8th, 2014

Announcements

Nanoscience makes your wine better September 17th, 2014

Carbon Sciences Developing Breakthrough Technology to Mass-Produce Graphene -- the New Miracle Material: Company Enters Into an Agreement With the University of California, Santa Barbara (UCSB) to Fund the Further Development of a New Graphene Process September 16th, 2014

Nanoribbon film keeps glass ice-free: Rice University lab refines deicing film that allows radio frequencies to pass September 16th, 2014

Effective Nanotechnology Innovations to Receive Mustafa Prize September 16th, 2014

Military

Nanoribbon film keeps glass ice-free: Rice University lab refines deicing film that allows radio frequencies to pass September 16th, 2014

'Squid skin' metamaterials project yields vivid color display: Rice lab creates RGB color display technology with aluminum nanorods September 15th, 2014

Fonon at Cutting-Edge of 3D Military Printing: Live-Combat Scenarios Could See a Decisive Advantage with 3D Printing September 15th, 2014

Seeking Nanoscale Defenses for Biological and Chemical Threats: WPI co-organizes a NATO workshop to improve the detection and decontamination of biological and chemical agents September 13th, 2014

Industrial

Industrial waste converted in coating for aircraft turbines September 11th, 2014

Scientists Use Nanotechnology to Improve Mechanical Properties of Ceramics September 3rd, 2014

Nanoscale assembly line August 29th, 2014

Iranians Find Novel Method for Processing Highly Pure Ceramic Nanoparticles August 12th, 2014

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







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE