Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > SouthWest NanoTechnologies Inc. Announces $2.7 Million in New Financing to Fund Growth, Plant Expansion and Technical Personnel

Abstract:
SouthWest NanoTechnologies Inc. (SWeNT), a leading manufacturer of single-wall, few-wall and multi-wall carbon nanotube materials for printed electronics, energy storage and composites applications has received $2.7 million in new financing in two transactions.

SouthWest NanoTechnologies Inc. Announces $2.7 Million in New Financing to Fund Growth, Plant Expansion and Technical Personnel

Norman, OK | Posted on August 11th, 2014

Approximately $1.7 million was received as part of a $4 million round of convertible notes. An additional $1 million was received from a venture debt transaction.

The funds will be used to expand production capacity at its Norman, Oklahoma plant and to fill approximately eight available positions for scientists, engineers and technical support personnel.

"We need to add to our capacity to meet the demand for our Specialty Multi-wall (SMW) products driven by our strategic partnerships and distribution agreements," said SWeNT President Dave Arthur. This additional funding will also be used for R&D to develop additional carbon nanotube materials and inks that meet customer specifications."

The $1.7 million is part of a $4 million financing of convertible notes, which will convert into Series C Preferred Stock. Funding was provided in part through Steifel Nicolaus, supported by Trinity Wealth Partners. The $1 million venture debt funding was completed with Novus Capital Group, LLC.

Strategic investors in SWeNT currently include Panasonic Venture Group and Itochu Plastics, as well as private equity firms Insight Technology Ventures, SOS Ventures of Dublin, Ireland and Berwind Private Equity.

####

About SouthWest NanoTechnologies
SouthWest NanoTechnologies (SWeNT) is a leading manufacturer of single-wall, few-wall and multi-wall carbon nanotube materials for printed electronics, energy storage and composites applications. With its patented CoMoCAT® catalyst technology and scalable, low-cost manufacturing methods based on fluidized-bed catalytic CVD, SWeNT produces carbon nanotubes with superior control over structure, purity, and optoelectronic properties. For more information, please visit www.swentnano.com, or call 405-809-6262.

NOTE: This press release is neither an offer to sell nor a solicitation of an offer to buy the securities nor shall there be any sale of the securities in any jurisdiction in which such offering, solicitation or sale is unlawful.

For more information, please click here

Contacts:
Andrew Lavin
A. Lavin Communications
516-944-4486

Copyright © SouthWest NanoTechnologies

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 Researchers Boost Solar Cells Efficiency Using Anti-Aggregates January 26th, 2015

Detection of Heavy Metals in Samples with Naked Eye January 26th, 2015

Engineering self-assembling amyloid fibers January 26th, 2015

Promising use of nanodiamonds in delivering cancer drug to kill cancer stem cells: NUS study shows that delivery of Epirubicin by nanodiamonds resulted in a normally lethal dosage of Epirubicin becoming a safe and effective dosage for treatment of liver cancer January 26th, 2015

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

Ref signals deep impact as EPSRC announces £30 million for impact acceleration accounts (IAA) January 21st, 2015

Blend Therapeutics Secures $21 Million Financing and Unveils Novel Pentarin™ Platform for Cancer Therapeutics: Company’s Technology and Expertise in Cancer R&D Evolve to Create New Class of Miniaturized Biologic Drug Conjugates (mBDCs) Encapsulated in Nanoparticles January 8th, 2015

QD Vision Receives New Funding Round to Meet Growing Demand for Quantum Dot Technology: Industry Veteran Steve Ward Named Executive Chairman January 5th, 2015

Pixelligent Closes $5.5 Million in Funding: Capital Will Be Used to Support Global Customer Growth December 12th, 2014

Nanotubes/Buckyballs

GS7 Graphene Sensor maybe Solution in Fight Against Cancer January 25th, 2015

Toyocolor to Launch New Carbon Nanotube Materials at nano tech 2015 January 24th, 2015

Carbon nanotube finding could lead to flexible electronics with longer battery life January 14th, 2015

Carbon Nanotubes Increase Efficiency of Solar Cells January 12th, 2015

Announcements

Iranian Researchers Boost Solar Cells Efficiency Using Anti-Aggregates January 26th, 2015

Detection of Heavy Metals in Samples with Naked Eye January 26th, 2015

Engineering self-assembling amyloid fibers January 26th, 2015

Promising use of nanodiamonds in delivering cancer drug to kill cancer stem cells: NUS study shows that delivery of Epirubicin by nanodiamonds resulted in a normally lethal dosage of Epirubicin becoming a safe and effective dosage for treatment of liver cancer January 26th, 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







© Copyright 1999-2015 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE