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Clifford Morris, VP Business Development
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Shiv Chiruvolu, Director of R&D
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Scott Ferguson, VP Manufacturing Engineering
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Gordon Schunick, Director of Finance/Controller
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Timothy Starkey, VP Solar Manufacturing
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Michael Bryan, VP Business Development
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Nobuyuki Kambe, CTO
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Ronald Mosso, VP Technology
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Kieran Drain, President/CEO
FOR IMMEDIATE RELEASE
NanoGram Raises Funds to Accelerate Commercialization and Partnership Programs
Technology Partners Leads the Round
San Jose, CA – Jan. 18, 2006 – NanoGram Corporation, a leading developer and licensor of core process technology enabling the manufacture of unique nanostructured materials for optical, electronic and energy applications, announced today that it has raised $18.7 million in a new round of financing.
The round was led by Technology Partners and included all existing NanoGram investors: ATA Ventures, Nth Power Technologies, Bay Partners, Harris & Harris Group, Rockport Capital Partners, Institutional Venture Partners and SBV Venture Partners.
“NanoGram has established a powerful materials production and application development platform that enables the creation of breakthrough nanoproducts for many industries,” said Ira Ehrenpreis, General Partner at Technology Partners. “NanoGram has developed a unique scalable nanoparticle production process that simultaneously controls particle size, size distribution, shape, elemental composition and morphology.”
“We are looking forward to Mr. Ehrenpreis’ contributions to NanoGram’s board, particularly given his and Technology Partners’ focus on Materials Science investing,” said NanoGram CEO Kieran Drain. “In addition, we are very pleased with the continued support we have received from our existing investors. NanoGram’s successful execution of partnership programs to create products and product functionalities never thought achievable is the foundation of this strong support.”
The new funding will be used to build on the company’s successes in optical nano-composites and applications of nanomaterials in energy products, and to pursue innovations in electronic materials and composite structures for imaging applications.
NanoGram provides customized nanotechnology solutions that enable partners to realize substantial product performance advantages. NanoGram’s complete licensing package includes a proven materials production process and process transfer expertise.
Since its founding, NanoGram has collaborated with companies around the world to develop leading edge products and has built an intellectual property portfolio of almost 100 internally developed patents.
About NanoGram – www.nanogram.com
NanoGram Corporation develops and licenses core process technology that enables the manufacture of unique nanoscale compositions for optical, electronic and energy products. NanoGram has developed an extensive intellectual property portfolio that is expanding the boundaries of nanomaterials technologies and enabling the development and manufacture of new generations of materials, devices, components and applications across a broad range of industries.
About Technology Partners – www.technologypartners.com
Technology Partners is a 20 year-old venture capital firm that manages more than $400 million of investment capital with current investments being made from Technology Partners Fund VII. Technology Partners serves principally as a lead investor and the majority of investments are in early stage companies. The firm invests approximately half of its capital into Cleantech (Energy Technology, Water Technology, and Materials Science) companies and the other half into companies focused on the Life Sciences. For more information on Technology Partners, go to www.technologypartners.com.
# # #
For further information contact:
Missy Bindseil, PR & Marketing
(830) 237-9527 or mbindseil@nanogram.com
NGM release: 060118
Board of Directors
Tim Jenks
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