SOURCE: Pixelligent Technologies

Pixelligent Tecnologies

June 15, 2015 19:26 ET

Pixelligent Closes $3.4 Million in Funding

Capital Will Be Used to Support Partner & Customer Product Introductions and Increase Manufacturing Capacity

BALTIMORE, MD--(Marketwired - June 15, 2015) - Pixelligent Technologies, producer of PixClear®, the leading producer of nanocrystal dispersions for demanding applications in LED lighting, OLED Lighting, and Optical Coatings & Films markets, announced today that it closed $3.4 million in new funding. The funds will be used to support accelerating customer growth throughout the world and to increase its manufacturing capacity to 40+ tons per year starting in 2016.

"Pixelligent continues to realize increased demand for its nanocrystal dispersions, predominantly driven by the leading LED package manufacturers and the leading OLED lighting producers. Pixelligent's high-index and transparent zirconia nanocrystals are considered the best in the world by numerous experts and are becoming increasingly important in delivering more light from next generation Solid State Lighting as well as additional efficiencies in Display applications," said Craig Bandes, President & CEO of Pixelligent.

To date, Pixelligent has raised over $26.0M in equity funding and has been awarded more than $12M in U.S. government grant programs.

About Pixelligent Technologies, LLC
Pixelligent Technologies is an advanced materials company that is leveraging nanotechnology to deliver the next generation of high index materials for Solid-State Lighting and Optical Components and Films applications. Pixelligent's PixClear® zirconia dispersions can be easily incorporated into the most commonly used polymers, including silicones, acrylics, and epoxies all while using industry standard manufacturing processes.

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