PALO ALTO, Calif., Feb. 13 /PRNewswire/ -- Molecular Nanosystems, Inc., a developer of nanotube-based packaging solutions for the semiconductor industry, today announced that Dr. Srinivas Rao has joined the company as CEO and CTO and Dr. Ken Goodson has joined the company's technical advisory board. The company has also closed a round of angel financing that will support getting its patent-protected thermal management solutions to market after five years of stealth exploration and development. "The innovative fabrication methods developed by Molecular Nanosystems are capable of adaptation to benefit a wide range of applications," said Dr. Hongjie Dai, Professor of Chemistry at Stanford University and one of the leading researchers in the field of carbon nanotubes, who founded the company in 2001. "We are delighted to have the esteemed Drs. Rao and Goodson assume leadership roles that will guide us in delivering impressive technical results and further advance new methods of carbon nanotube synthesis to meet the needs of OEMs and their end customers." Molecular Nanosystems has developed an innovative packaging component that utilizes the outstanding thermal properties of carbon nanotubes and provides improved heat dissipation in semiconductor chip packages. The continual increase in performance of microelectronic products drives silicon integration and places extreme demands on packaging technologies. The Molecular Nanosystems solution enables chip and system manufacturers to sustain product performance without compromising reliability. Molecular Nanosystems' CEO and CTO, Dr. Rao, has over 20 years of product development and commercialization experience in electronics. Dr. Rao quietly joined the company last year and has led Molecular Nanosystems to develop its core technology into micro-electronic packaging solutions and secure angel funding. "This round of angel financing validates our approach, market opportunity and the outstanding team we've assembled," said Dr. Rao. "Our plan is to rapidly invest in our manufacturing line, product development and team. We want to be the leader in developing innovative electronics packaging solutions, and we're putting all of our resources behind that. The addition of Dr. Goodson to our technical advisory board will be invaluable to the company as it moves from the development and qualification phase to volume manufacturing." Dr. Rao was Vice President of Technology at Solectron Corporation, a leading global provider of electronics manufacturing and integrated supply chain services. He has also held technical leadership positions at Raychem Corporation, Eastman Kodak Laboratories and RCA Laboratories. He is acclaimed with honors and holds six patents. Dr. Goodson is an Associate Professor and faculty member of Thermosciences Division in the Department of Mechanical Engineering at Stanford University. He was Co-founder and former CTO of Cooligy, a liquid based chip cooling company. "Molecular Nanosystems is well positioned to meet the ever-increasing thermal management requirements in the semiconductor industry," said Dr. Goodson, who brings to the technical advisory board a deep understanding of thermal management and characterization issues specific to electronics system assembly. "Carbon nanotubes offer a unique set of properties that when harnessed provide significant improvement in heat dissipation, open the door for building faster chips, and enable silicon to stay on course with Moore's law." About Molecular Nanosystems Molecular Nanosystems has developed an innovative, patent-protected, site- selective, chemical vapor deposition technology for developing thermal management solutions for the semiconductor industry. Headquartered in Palo Alto, California, Molecular Nanosystems, Inc. was co-founded in 2001 by Dr. Hongjie Dai, Professor at Stanford University and world-renowned scholar and scientist in the field of nanotechnology. Additional information on Molecular Nanosystems can be found at www.monano.com.
SOURCE Molecular Nanosystems, Inc.