AUSTIN, Texas, May 19 /PRNewswire/ -- Molecular Imprints, Inc., the
market and technology leader for volume-production nanopatterning systems
and solutions, today announced the successful completion of $12.9 million
in financing. Investors in this round include Draper Fisher Jurvetson,
Tokyo Electron Venture Capital, Wafra Investment Advisory Group, KT Venture
Group, Alloy Ventures and Motorola Ventures. This latest investment brings
the total amount raised by Molecular Imprints for the development and
commercialization of its innovative Step and Flash Imprint Lithography
(S-FIL(R)) technology to $91 million -- $73 million in strategic and
venture capital financing, $15 million from federal government agencies,
such as the Defense Advanced Research Projects Agency (DARPA), and $3
million from the Texas Emerging Technology Fund.
Molecular Imprints has made significant progress in several market
segments, including semiconductors, hard disk drives (HDDs) and
high-brightness light-emitting diodes (LEDs). Coupled with investments from
customer joint-development programs, this $12.9 million in new funding will
enable further enhancement of its product portfolio and expansion of its
operations to support rising industry demand for its nanopatterning
systems. The company has already received multiple orders for its newest
generation of advanced nanopatterning systems aimed at the HDD and
semiconductor markets, including recently announced orders from Hitachi
Global Storage Technologies and semiconductor industry consortium,
SEMATECH. With interest growing around Molecular Imprints' technology, the
company is taking the necessary steps to be ready to support
volume-production requirements in these multiple markets.
"This additional financing will enable further enhancements to our
technology and product portfolio, and allow us to expand operations to
support increasing demand for our products in a number of markets," said
David Gino, chief operating and financial officer of Molecular Imprints.
"Looking a little further into the future we believe this financing will
provide a funding bridge to a possible public offering in 2009."
About Molecular Imprints, Inc.
Molecular Imprints, Inc. (MII) is the technology leader for
high-resolution, low cost-of-ownership nanopatterning systems and solutions
in the hard disk drive (HDD) and semiconductor industries. MII is
leveraging its innovative Step and Flash Imprint Lithography (S-FIL(R))
with Drop-on-Demand(TM) material application technology to become the
worldwide market and technology leader in high-volume patterning solutions
for storage and memory devices, while enabling emerging markets in optics,
biotechnology, and other industries. MII enables nanoscale patterning by
delivering a comprehensive nanopatterning solution that is affordable,
compatible and extendible to sub-10-nanometer resolution levels. For more
information, visit http://www.molecularimprints.com.
SOURCE Molecular Imprints, Inc.