Posted in | Nanobusiness

NanoInk Announces $65 Million Investment to Expand Commercial Activities

Published on October 13, 2010 at 3:29 AM

NanoInk, 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."

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