Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Pixelligent Closes $5.1 Million in Funding: Capital will be Used to Significantly Increase Manufacturing Capacity

Abstract:
Pixelligent Technologies, producer of PixClear™, the leading nanocrystal dispersions for demanding applications in the electronics, semiconductor, and industrial markets, announced today that it closed $5.1 million in new equity funding. The funds will be used to further accelerate the scaling-up of its manufacturing capacity and to hire application, engineering, and business development focused employees.

Pixelligent Closes $5.1 Million in Funding: Capital will be Used to Significantly Increase Manufacturing Capacity

Baltimore, MD | Posted on May 3rd, 2013

This round included expanded participation from both new and existing investors. The lead investor was once again the Abell Foundation and the company continued to receive strong support from its investor base with a follow-on investor participation rate of more than 85%. During the past five years, Pixelligent has raised $14.0M in equity funding and has been awarded more than $9M in U.S. government grant programs.



"During the past 12 months we have seen a tremendous increase in demand for our nanocrystal dispersions spanning the CMOS Image Sensor, ITO, LED, OLED and Flat Panel Display markets. This demand is coming from customers around the globe with the fastest growth being realized in Asia. In the first quarter of 2013, we began shipping our first commercial orders and currently have more than 30 customers at various stages of product qualification. This investment will enable Pixelligent to significantly increase our manufacturing capacity and allow us to begin meeting current customer demand," commented Craig Bandes, President & CEO.



The funding round comes on the heels of the launch of PixClear™, Pixelligent's first standard product family of nanocrystal dispersions, and the initiation of an aggressive advertising campaign to support the product launch. Pixelligent is currently planning to expand its manufacturing footprint and is looking at additional facilities in Baltimore, Pennsylvania, and Delaware.



"Pixelligent has made significant progress across all functions of the business from production to sales and has achieved all of its critical milestones during the past 12 months, demonstrating the company's ability to deliver. Pixelligent is emerging as a leader on the Baltimore tech scene and is creating new job opportunities in the local area", commented Robert Embry, President of the Abell Foundation.

####

About Pixelligent Technologies, LLC
Pixelligent Technologies, producer of PixClear™, manufactures high-quality Zirconia and Hafnia nanocrystal additives and polymer nanocomposites for the electronics and semiconductor markets. Pixelligent’s proprietary nanocrystal dispersion technology prevents agglomeration even at high concentrations, and its unique capping process provides precise control over the target applications’ optical, chemical and mechanical properties. This enables Pixelligent to deliver unparalleled transparency, high refractive index, corrosion protection, and scratch resistance to numerous families of polymers from acrylics and epoxies to silicones and spin-on glasses. Pixelligent is actively developing applications with leading-edge technology firms, as well as Fortune 500 companies.

For more information, please click here

Contacts:
Eleana Collins
Warschawski
(410) 367-2700, ext. 127

Copyright © Pixelligent Technologies, 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

Iranian Scientists Use Artemisia Annua Plant to Produce Breast Cancer Drugs August 29th, 2015

Small but heading for the big time: Nanobiotix half year results for the six months ended 30 June 2015, in line with expectations: Major clinical achievements and corporate developments August 28th, 2015

A new technique to make drugs more soluble August 28th, 2015

Nanocatalysts improve processes for the petrochemical industry August 28th, 2015

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

Nanostart AG: First-half figures 2015 published and new supervisory board elected : Publication of first-half figures 2015 - Shareholders' meeting elected new supervisory board August 22nd, 2015

Harris & Harris Group Portfolio Company, AgBiome, Secures $34.5 Million Series B Financing Led By Bill and Melinda Gates Foundation August 20th, 2015

Harris & Harris Group Reports Financial Statements as of June 30, 2015, and Announces a Stock Repurchase Program August 10th, 2015

Harris & Harris Group Portfolio Company, HZO, Announces Partnerships with Dell and Motorola August 1st, 2015

Chip Technology

Nanometrics to Participate in the Citi 2015 Global Technology Conference August 26th, 2015

Kwansei Gakuin University in Hyogo, Japan, uses Raman microscopy to study crystallographic defects in silicon carbide wafers August 25th, 2015

A little light interaction leaves quantum physicists beaming August 25th, 2015

'Magic' sphere for information transfer: Professor at the Lomonosov Moscow State University made the «magic» sphere for information transfer August 24th, 2015

Announcements

Iranian Scientists Use Artemisia Annua Plant to Produce Breast Cancer Drugs August 29th, 2015

Small but heading for the big time: Nanobiotix half year results for the six months ended 30 June 2015, in line with expectations: Major clinical achievements and corporate developments August 28th, 2015

A new technique to make drugs more soluble August 28th, 2015

Nanocatalysts improve processes for the petrochemical industry August 28th, 2015

Industrial

Developing Component Scale Composites Using Nanocarbons August 26th, 2015

Industrial Nanotech, Inc. Provides Update On Hospital Project, PCAOB Audit, and New Heat Shield™ Line August 24th, 2015

'Diamonds from the sky' approach turns CO2 into valuable products August 19th, 2015

Lehigh University-DuPont tribology research seeks to reduce wear and waste August 13th, 2015

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







Car Brands
Buy website traffic