Five Star Technologies Announces $7.1 Million in New Venture Funding New capital to expand submicron and nanoscale powder and dispersion

capabilities to electronic materials markets

    CLEVELAND, Nov. 30 /PRNewswire/ -- Five Star Technologies said today
 that it has closed an investment round of $7.1 million dollars led by
 Morgenthaler Ventures. Other investors include CTTV Investments
 (ChevronTexaco), Early Stage Partners, Industrial Technology Ventures, and
 Reservoir Venture Partners.
     Five Star Technologies is a supplier of high-performance inks and
 dispersions for use in electronics packaging and assembly operations. Using
 its patented Particle Management Technology, Five Star creates precision
 products that fill a missing link in the assembly of high-performance
 electronic components. Five Star dispersions of conductive, sub-micron and
 nanoscale particles offer unparalleled stability and uniformity that helps
 customers significantly improve electrical and thermal performance. Citing
 this capability, Lux Research recently described Five Star as having the
 "top commercial viability" of 136 nanotechnology startups worldwide.
     Gerry Weimann, president and CEO of Five Star, said the Company plans
 to use the funds to continue development and commercialization of
 materials. "Based on the reaction of current and potential customers at
 recent industry shows, we believe Five Star can add immediate value to
 existing electronics production lines, as well as help make possible the
 next generation of high- volume printable electronics that will be found in
 displays, RFID tags, and other applications."
     According to Greg Blonder, a member of the Five Star board of directors
 and a general partner at Morgenthaler Ventures, "Five Star Technologies
 represents one of those rare technologies that, after years of incremental
 development, seem to come out of nowhere to transform other industries. We
 are delighted with the commercial progress the Company is making."
     Morgenthaler, CTTV Investments, Early Stage Partners, and Industrial
 Technology Ventures invested in the company in previous financings. In this
 round, they are joined by Reservoir Venture Partners in Columbus, Ohio.
 Curtis Crocker, managing partner of Reservoir stated, "Reservoir chose to
 invest in Five Star because of its deeply experienced management team and
 the Company's unique technology. We expect this funding to accelerate Five
 Star's growth in the electronics market by supporting its customers and
 producing dramatic performance improvements of conventional materials. "
     About Five Star Technologies
     Five Star Technologies is a supplier of high-performance powders and
 dispersions for use in semiconductor and microelectronic packaging, display
 and ceramic component applications. Using its patented Particle Management
 Technology, Five Star creates precision dispersions of a wide range of
 materials (metals, oxides, nitrides, carbon fibers, etc.) in various
 organic media. Its products exhibit unparalleled rheological stability and
 exceptional particle size control, enabling customers to produce materials
 with next-generation performance profiles. For more information, please
 visit Five Star Technologies' website at
     About Morgenthaler Ventures
     Morgenthaler, a leading venture capital and buyout firm
 (, was founded in 1968. The firm focuses on
 early-stage technology investments as well as middle-market management
 buyouts. It has funded some 200 companies in its 37-year history, including
 two of the last decade's highest performing IPOs: Microchip Technology
 (1993) and Premisys Communications (1995). Current representative portfolio
 investments include such component and materials companies as Lamina
 Ceramics, NanoOpto, Peregrine Semiconductor, and Paratek Microwave. With
 its $450-million fund raised in 2005, the firm has a total of approximately
 $2.5 billion under management.
     About CTTV Investments
     ChevronTexaco is an integrated, global energy company that operates in
 over 180 countries and employs more than 53,000 people worldwide. In
 addition to supplying global energy, ChevronTexaco is involved in numerous
 advanced clean energy and fuel technologies. ChevronTexaco, through CTTV
 Investments, the venture capital arm of Chevron Technology Ventures
 (, invests in and pursues
 commercialization of a broad spectrum of energy related technologies and is
 also an active venture capital investor. Commercialization and investment
 activities currently include hydrogen systems, advanced batteries, fuel
 processing and fuel cell related technologies and the development of
 hydrogen infrastructure solutions.
     About Industrial Technology Ventures
     The Industrial Technology Ventures, L.P.
 ( ) is a $50 million
 Cordova Ventures affiliate fund focused on growth stage capital investments
 in companies with strong management teams and proprietary technologies that
 create significant bottom-line value within established industries. Cordova
 Ventures is a private equity firm with over $300 million under management,
 founded in 1989 and headquartered in Atlanta, GA. Cordova Ventures is the
 managing member of the General Partner of Industrial Technology Ventures.
     About Early Stage Partners
     Early Stage Partners LP ( is an early
 stage venture capital fund based in Cleveland, Ohio. The company invests
 primarily in promising opportunities in the life sciences, polymers and
 advanced materials, information technology and advanced manufacturing. The
 company's principals have over ninety years combined experience in early
 stage company formation and development, with a significant network of
 relationships throughout the United States that can be used to attract
 management, develop strategic partnerships, and provide later stage
     About Reservoir Venture Partners
     Reservoir Venture Partners ( ) is a venture
 capital firm bringing capital, business building acumen, and a strong
 network of advisors to entrepreneurs and their teams. The firm targets
 investments in seed and early stage technology companies and is located in
 Columbus, Ohio. Reservoir Venture Partners invests in high-potential
 companies with strong management teams, a large and growing market,
 defensible or proprietary technology and a credible plan for profitability,
 maturation and liquidity.

SOURCE Five Star Technologies

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