Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

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

Two-dimensional melting of hard spheres experimentally unravelled after 60 years: First definitive experimental evidence of two-dimensional melting of hard spheres April 21st, 2017

National Conference on Nanomaterials, (NCN-2017) April 21st, 2017

NanoMONITOR shares its latest developments concerning the NanoMONITOR Software and the Monitoring stations April 21st, 2017

Nanomechanics, Inc. Unveils New Product at ICMCTF Show April 25th: Nanoindentation experts will launch the new Gemini that measures the interaction of two objects that are sliding across each other – not merely making contact April 21st, 2017

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

Forge Nano 2017: 1st Quarter Media Update April 20th, 2017

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Caught on camera -- chemical reactions 'filmed' at the single-molecule level March 22nd, 2017

Harris & Harris Group Issues Its Financial Statements as of December 31, 2016, Posts Its Annual Shareholder Letter, And Will Host a Conference Call for Shareholders on Friday, March 17, 2017 March 15th, 2017

Chip Technology

'Neuron-reading' nanowires could accelerate development of drugs for neurological diseases April 12th, 2017

Nanometrics to Announce First Quarter Financial Results on May 2, 2017 April 11th, 2017

AIM Photonics Presents Cutting-Edge Integrated Photonics Technology Developments to Packed House at OFC 2017, the Optical Networking and Communication Conference & Exhibition April 11th, 2017

Photonics breakthough paving the way for improved wireless communication systems: The work could bolster the wireless revolution underway with efficiencies several orders of magnitude April 5th, 2017

Announcements

Two-dimensional melting of hard spheres experimentally unravelled after 60 years: First definitive experimental evidence of two-dimensional melting of hard spheres April 21st, 2017

National Conference on Nanomaterials, (NCN-2017) April 21st, 2017

NanoMONITOR shares its latest developments concerning the NanoMONITOR Software and the Monitoring stations April 21st, 2017

Nanomechanics, Inc. Unveils New Product at ICMCTF Show April 25th: Nanoindentation experts will launch the new Gemini that measures the interaction of two objects that are sliding across each other – not merely making contact April 21st, 2017

Industrial

Better living through pressure: Functional nanomaterials made easy April 19th, 2017

Rare-earths become water-repellent only as they age March 22nd, 2017

CRMGroup in Belgium uses a Deben three point bending stage in the development of new steel & coated steel products for automotive and other industrial applications March 21st, 2017

Imaging the inner workings of a sodium-metal sulfide battery for first time: Understanding how the structural and chemical makeup of the material changes during the charge/discharge process could help scientists advance battery design for future energy storage needs March 9th, 2017

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