Molecular Imprints has announced it has secured $8.5 million in venture debt financing from BlueCrest Capital Finance, L.P. This furthers MII’s commitment to deliver its proprietary Step-and-Flash Imprint Lithography (S-FIL™) technology, which enables cost effective manufacturing of leading edge nanotechnology devices to their growing semiconductor, micro optical component, magnetic data storage, and solid state lighting markets. The additional financing will be used to fund technology and product development, product commercialization, and to support an increasing level of customer engagements.
“We continue to make excellent progress in all phases of our business including a growing level of customer interest and engagement. Continued improvements in our S-FIL have resulted in recent system sales into the Semiconductor and Hard Disk Drive markets and increased customer engagements. MII’s S-FIL technology and products are enabling smaller and more powerful devices for consumer electronics, and creating a compelling formula for future growth. The additional financing secured through BlueCrest Capital Finance will help support our efforts to capitalize on that opportunity, leverage the financing raised during our September, 2005 round of equity financing, reduce our overall cost of capital, and minimize investor dilution to maximize shareholder value” said Mark Melliar- Smith, CEO of Molecular Imprints.