Boston-based Nanoramic Laboratories Closes $5 Million Investment
Strategic investment opens the door to provide cutting-edge advanced materials solutions in Asian electronics markets.
BOSTON, Sept. 13, 2018 /PRNewswire-PRWeb/ -- Nanoramic Laboratories, rebranded from FastCAP Systems in May 2018, closed a $5 million investment round. The round includes strategic investments by NGK SPARK PLUG CO., LTD. and Marubun Corporation, both based in Japan. Each company contributed $2 million to the round, with the remainder of the round reserved for investments by current shareholders.
The funds will be used for product qualification and scale up of Nanoramic's next breakthrough products including a suite of new advanced material products such as thermal interface materials, composite electrodes for batteries and ultracapacitors, EMI/RFI shielding materials, and the revolutionary reflowable Chip Ultracapacitor. "These investments from NGK SPARK PLUG CO., LTD. and Marubun not only allow Nanoramic to continue leading innovation," shared Nanoramic CEO, Eric Kish, "but they unlock our ability to provide the Asian electronics market with best-in-industry advanced materials and high end ultracapacitors."
"I am very pleased with this strategic partnership with Nanoramic Laboratories," said Teppei Okawa, Executive Vice President of NGK SPARK PLUG CO., LTD. "This, combined with a shared vision of the importance of innovative energy storage solutions, is an exciting opportunity for both companies. This alliance enables us to accelerate our other battery projects, and is an early achievement for our newly established USA Innovation Center."
Marubun Corporation is one of the largest electronics components and materials distributors in Japan with a global presence, serving the automotive and consumer electronics industries, which is expected to exceed $2.9 trillion in market share by 2020. "Marubun Corporation looks forward to creating value for our customers by providing new solutions based on Nanoramic's world class nanomaterials technology. Beginning with Nanoramic's first ever reflowable ultracapacitor and expanding to areas including energy storage, thermal management and high performance materials, we will deliver new products that will allow our customers to overcome the toughest engineering challenges in new and exciting ways," said Satoshi Fujino, Senior Vice President at Marubun Corporation. "The cutting edge technology using thermal interface material will solve most of the heat problems related to SOC, and the disruptive innovation of reflowable ultracapacitors will contribute to the evolution of next generation technology in various applications. We believe those revolutionary and innovative technologies will change the game in those markets!"
Nanoramic's advanced materials solutions provide higher thermal conductivity than any other thermal interface materials on the market while retaining or improving advantageous mechanical properties. The global market size of thermal interface materials is expected to exceed $2.33 billion by 2021. Additionally, Nanoramic's energy storage technology is well-suited for applications such as power loss protection for solid state drives, power buffering for lithium-ion batteries, and auxiliary power supplies for peak and pulsed power, wireless sensors, and energy harvesting.
For additional information or interview requests please contact Meredith Davison at meredith.davison(at)nanoramic.com
About Nanoramic Laboratories
Nanoramic, a Boston, MA headquartered research and development lab and manufacturer, specializes in material solutions based on nano-carbons. Nano-carbons have exceptional electrical, thermal and mechanical properties at the nano-scale level. We synthesize and incorporate nano-carbons in various materials and transfer these properties at the macroscale level, addressing the needs of several applications. Nanoramic's ultracapacitor division, FastCAP Ultracapacitors, is an industry leader in harsh environment energy storage, producing the only ultracapacitors capable of operating at temperatures up to 150ºC and under high shock and vibration conditions.
About NGK SPARK PLUG CO., LTD.
NGK SPARK PLUG CO., LTD., headquartered in Nagoya, Japan, is a comprehensive ceramics processing manufacturer. We hold a world leading share of spark plugs and automotive sensors for internal combustion engines and also offer a broad lineup of packages, cutting tools, bio ceramics and industrial ceramics. Our global network of sales and manufacturing organizations, and over 15,000 employees deliver value creation to the world. We are now contributing to a sustainable society by developing products related to the environment energy, next generation vehicles and the medical device and diagnostic. The company's belief is to embrace the challenge of new era under the catch-phrase of "manufacturing only one and number one product". For more information, visit http://www.ngkntk.co.jp/english/index.html
About Marubun Corporation
MARUBUN CORPORATION is Trading company that sells mainly semiconductor integrated circuits, electronic applications, such as equipment, advanced electronics products. Listed on the first section of the Tokyo Stock Exchange. (Code No. 7537) For more information, please refer to the http://www.marubun.co.jp/.
SOURCE Nanoramic Laboratories
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