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

MRI, on a molecular scale: Researchers develop system that could one day peer into the atomic structure of individual molecules April 20th, 2014

Iranian Researchers Present New Model to Strengthen Superconductivity at Higher Temperatures April 19th, 2014

Iranian Researchers Produce New Anti-Cancer Drug from Turmeric April 19th, 2014

Innovative strategy to facilitate organ repair April 18th, 2014

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

Harris & Harris Group Continues Its Blog Series to Highlight Most Impactful Portfolio Companies With Champions Oncology, Inc. April 17th, 2014

Premier Healthcare Pitch Competition comes to Atlanta this May April 12th, 2014

Harris & Harris Group Notes Mersana's Collaboration Agreement With Subsidiary of Takeda Pharmaceutical Co. April 8th, 2014

Harris & Harris Group Continues Its Blog Series to Highlight Most Impactful Portfolio Companies With Metabolon, Inc. April 7th, 2014

Openings/New facilities/Groundbreaking/Expansion

JPK announces expansion of its global sales and service activities in China and USA April 15th, 2014

Chip Technology

'Exotic' material is like a switch when super thin April 18th, 2014

Scientists open door to better solar cells, superconductors and hard-drives: Research enhances understanding of materials interfaces April 14th, 2014

Obducat has launched a new generation of SINDRE® Nano Imprint production system April 11th, 2014

Scientists in Singapore develop novel ultra-fast electrical circuits using light-generated tunneling currents April 10th, 2014

Nanoelectronics

Better solar cells, better LED light and vast optical possibilities April 12th, 2014

Catching the (Invisible) Wave: UC Santa Barbara researchers create a unique semiconductor that manipulates light in the invisible infrared/terahertz range, paving the way for new and enhanced applications April 11th, 2014

Nanotech Business Review 2013-2014 April 9th, 2014

Preview of Hands-on Nanotechnology Demos at ‘Chemistry of Wine’ Fundraiser to Show Nanotech Magic April 8th, 2014

Announcements

MRI, on a molecular scale: Researchers develop system that could one day peer into the atomic structure of individual molecules April 20th, 2014

Iranian Researchers Present New Model to Strengthen Superconductivity at Higher Temperatures April 19th, 2014

Iranian Researchers Produce New Anti-Cancer Drug from Turmeric April 19th, 2014

Innovative strategy to facilitate organ repair April 18th, 2014

Military

'Exotic' material is like a switch when super thin April 18th, 2014

Tiny particles could help verify goods: Chemical engineers hope smartphone-readable microparticles could crack down on counterfeiting April 15th, 2014

Targeting cancer with a triple threat: MIT chemists design nanoparticles that can deliver three cancer drugs at a time April 15th, 2014

Scalable CVD process for making 2-D molybdenum diselenide: Rice, NTU scientists unveil CVD production for coveted 2-D semiconductor April 8th, 2014

Industrial

Shiny quantum dots brighten future of solar cells: Photovoltaic solar-panel windows could be next for your house April 14th, 2014

Industrial Nanotech, Inc. Lands First Major Order from Pemex, Mexico’s State-Owned Oil and Gas Company April 14th, 2014

Industrial Nanotech, Inc. Announces Certification for Use in Middle East for Buildings: Nansulate(R) Energy Saving Coatings to be used by Major Middle East Energy Company April 1st, 2014

Harper Government Announces Support for U of S Nanoscience Research: Uses for New Nanostructured Coatings Range from Biomedical to Oil Sand Sectors March 29th, 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