SouthWest NanoTechnologies Announces $3 Million in Funding
Nanotube manufacturer SouthWest NanoTechnologies Inc. this week announced $3 million in funding from Michigan's Insight Technology Capital Partners, LP.
"Insight will manage the fund which will be used to develop, manufacture and market new products as well as the company's current single-wall and multiwall nanotube offerings," writes NewsOK's Debbie Blossom.
"Last year the company opened a new manufacturing facility in Norman, OK, increasing capacity 100× and lowering unit costs by 90%," according to Small Times. "The company also has an applications development center near Boston."
More here from OKCBiz … and the press release is here.
Posted July 10th, 2009 in Investing.