funding to the tune of $32 million that will be used to accelerate the
development of NanoGram’s proprietary silicon solar technology and its
advanced nano-materials solutions for flat panel displays, solid state
lighting, lithium-ion batteries, and printed electronics, the company
said.
“NanoGram is an agile company creating new market
opportunities by understanding the needs of our customers and
partners,” said NanoGram President and CEO Dr. Kieran Drain. “Our
expansion into the solar market and strong customer interest in our
core nanomaterials solutions proves our technology has the potential to
generate game-changing products. These new funds allow us to increase
momentum.”
“The application of NanoGram’s
nanomaterials solution to the solar sector opens up an extremely
exciting frontier in the development of cost-effective solar
technology,” remarked Alex O’Cinneide, Partner at the Masdar Clean Tech
Fund, a part of the Government of Abu Dhabi’s multi-billion dollar
initiative in advanced energy technologies and sustainable development.
“We believe that this application combined with the deep experience of
their management team and their clearly articulated market strategy
will achieve both near term successes and deliver on long term
potential. Given the enormous promise of their technology, we are more
than pleased to have a technology leader such as NanoGram in our
portfolio.”
NanoGram claims that its Laser
Reactive Deposition (LRD) technology enables 30 micron thin
polycrystalline films and has established a strategic development and
manufacturing supply relationship with Nagase & Co., Ltd. / Nagase
ChemteX Corporation.
