Molecular Imprints Completes $12.9 Million Financing Proceeds to support product and operational expansions



    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.

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