Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

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 CoMoCATŪ 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

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

Special UO microscope captures defects in nanotubes: University of Oregon chemists provide a detailed view of traps that disrupt energy flow, possibly pointing toward improved charge-carrying devices October 21st, 2014

Super stable garnet ceramics may be ideal for high-energy lithium batteries October 21st, 2014

Could I squeeze by you? Ames Laboratory scientists model molecular movement within narrow channels of mesoporous nanoparticles October 21st, 2014

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

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

Harris & Harris Group Reports Financial Statements as of June 30, 2014 August 10th, 2014

Nanotubes/Buckyballs

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

Special UO microscope captures defects in nanotubes: University of Oregon chemists provide a detailed view of traps that disrupt energy flow, possibly pointing toward improved charge-carrying devices October 21st, 2014

Imaging electric charge propagating along microbial nanowires October 20th, 2014

Beyond LEDs: Brighter, new energy-saving flat panel lights based on carbon nanotubes - Planar light source using a phosphor screen with highly crystalline single-walled carbon nanotubes (SWCNTs) as field emitters demonstrates its potential for energy-efficient lighting device October 14th, 2014

Announcements

Special UO microscope captures defects in nanotubes: University of Oregon chemists provide a detailed view of traps that disrupt energy flow, possibly pointing toward improved charge-carrying devices October 21st, 2014

Super stable garnet ceramics may be ideal for high-energy lithium batteries October 21st, 2014

Could I squeeze by you? Ames Laboratory scientists model molecular movement within narrow channels of mesoporous nanoparticles October 21st, 2014

Detecting Cancer Earlier is Goal of Rutgers-Developed Medical Imaging Technology: Rare earth nanocrystals and infrared light can reveal small cancerous tumors and cardiovascular lesions October 21st, 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