Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

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

Iran to Hold 3rd Int'l Engineering Materials, Metallurgy Conference October 25th, 2014

Haydale Secures Exclusive Development and Supply Agreement with Tantec A/S: New reactors to be built and commissioned by Tantec A/S represent another step forward towards the commercialisation of graphene October 24th, 2014

QuantumWise guides the semiconductor industry towards the atomic scale October 24th, 2014

SUNY Polytechnic Institute Invites the Public to Attend its Popular Statewide 'NANOvember' Series of Outreach and Educational Events October 23rd, 2014

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

TARA Biosystems and Harris & Harris Group Form Company to Improve Safety and Efficacy of New Therapies October 22nd, 2014

7th Nanotechnology Festival, Exhibition Kicks Off Work in Iran October 7th, 2014

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

Chip Technology

QuantumWise guides the semiconductor industry towards the atomic scale October 24th, 2014

Strengthening thin-film bonds with ultrafast data collection October 23rd, 2014

NIST offers electronics industry 2 ways to snoop on self-organizing molecules October 22nd, 2014

Materials for the next generation of electronics and photovoltaics: MacArthur Fellow develops new uses for carbon nanotubes October 21st, 2014

Announcements

Iran to Hold 3rd Int'l Engineering Materials, Metallurgy Conference October 25th, 2014

Haydale Secures Exclusive Development and Supply Agreement with Tantec A/S: New reactors to be built and commissioned by Tantec A/S represent another step forward towards the commercialisation of graphene October 24th, 2014

QuantumWise guides the semiconductor industry towards the atomic scale October 24th, 2014

Strengthening thin-film bonds with ultrafast data collection October 23rd, 2014

Industrial

Researchers patent a nanofluid that improves heat conductivity October 22nd, 2014

New Nanocomposites Help Elimination of Toxic Dyes October 15th, 2014

Perpetuus Carbon Group Receives Independent Verification of its Production Capacity for Graphenes at 140 Tonnes per Annum: Perpetuus Becomes the First Manufacturer in the Sector to Allow Third Party Audit October 7th, 2014

Bilbao (Spain) to welcome 1500 delegates at international event: ImagineNano 2015 and Graphene 2015 under the same roof October 2nd, 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