NanoInk Announces $65 Million Investment to Expand Commercial Activities
Published on October 13, 2010 at 3:29 AM
Inc.® announced today a $65 million financing led by Lurie Investments.
The financing will be used to convert outstanding debt to equity and to provide
working capital to expand commercial activities across the company's nanotechnology
business. NanoInk currently markets and sells nine nanotechnology products across
four divisions worldwide.
"This financing provides working capital to continue our commercial activities
and support our growing sales base," said James M. Hussey, Chief Executive Officer
of NanoInk. "This financing also provides an opportunity for the company to
convert substantially all of our debt to equity."