Nanotechnology Now





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

A 'movie' of ultrafast rotating molecules at a hundred billion per second: A quantum wave-like nature was successfully observed in rotating nitrogen molecules July 4th, 2015

New Biosensor Produced in Iran to Detect Effective Drugs in Cancer Treatment July 4th, 2015

Clues to inner atomic life from subtle light-emission shifts: Hyperfine structure of light absorption by short-lived cadmium atom isotopes reveals characteristics of the nucleus that matter for high precision detection methods July 3rd, 2015

Pioneering Southampton scientist awarded prestigious physics medal July 3rd, 2015

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

Harris & Harris Group Portfolio Company, AgBiome, Announces Partnership to Accelerate the Discovery of Next Generation Insect-Resistant Crops July 1st, 2015

Chivalrous Knight Does Pro Bono June 27th, 2015

Exagan Raises €5.7 Million to Produce High-efficiency GaN-on-Silicon Power-switching Devices on 200mm Wafers: Leti-and-Soitec Spinout Focused on Becoming Leading European Source Of GaN Devices for Solar, Automotive, Telecoms and Infrastructure June 25th, 2015

Harris & Harris Group Portfolio Company D-Wave Systems Announces 1,000 Qubit Processor and is Discussed in the Economist June 23rd, 2015

Chip Technology

Nanometrics to Announce Second Quarter Financial Results on July 23, 2015 July 2nd, 2015

The quantum middle man July 2nd, 2015

New technology using silver may hold key to electronics advances July 2nd, 2015

Emergence of a 'devil's staircase' in a spin-valve system July 1st, 2015

Announcements

A 'movie' of ultrafast rotating molecules at a hundred billion per second: A quantum wave-like nature was successfully observed in rotating nitrogen molecules July 4th, 2015

New Biosensor Produced in Iran to Detect Effective Drugs in Cancer Treatment July 4th, 2015

Clues to inner atomic life from subtle light-emission shifts: Hyperfine structure of light absorption by short-lived cadmium atom isotopes reveals characteristics of the nucleus that matter for high precision detection methods July 3rd, 2015

Pioneering Southampton scientist awarded prestigious physics medal July 3rd, 2015

Industrial

Iranian Scientists Find Simple, Economic Method to Synthesize Antibacterial Nanoparticles July 2nd, 2015

Green Chemistry Methods Used in Iran to Produce Zinc Oxide Nanoparticles June 27th, 2015

Stanford researchers stretch a thin crystal to get better solar cells June 25th, 2015

Silica 'spiky screws' could enhance industrial coatings, additive manufacturing June 24th, 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