WELLESLEY HILLS, MA — (Marketwired) — 03/20/15 — Mears Technologies, Inc. (“MTI” or the “Company”), a materials engineering company focused on the development, commercialization, and licensing of products based on its proprietary electronic materials platform with applications across the $300+ billion integrated circuit industry, today announced it has closed a private placement of $14.75 million in convertible notes (the “Notes”).
MTI intends to use the proceeds of the Notes to accelerate the development and commercialization of its Mears Silicon Technology (“MST”). MST allows complementary metal-oxide-semiconductor (“CMOS”) transistors to be made smaller, faster, more reliably and with better energy efficiency. MST improves the most widely used CMOS types (N-type and P-type) on a low-cost, industrial scale using epitaxial machines already employed in semiconductor manufacturing. MTI will also use the proceeds of the Notes to strengthen its strategic intellectual property portfolio further.
Liquid Venture Partners (“Liquid”), which offers securities and investment banking services through National Securities Corporation, acted as sole placement agent for the offering.
“This funding will allow us to expand our pipeline of potential customers, support strategic industry relationships, and continue to build a strong business that provides transformative technologies to the semiconductor industry,” said Mears Technologies CEO Erwin Trautmann. “Liquid has been a key partner in working with us at a critical inflection point in our corporate development and was very effective at communicating our value proposition to investors.”
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.
Mears Technologies, Inc. () has developed Mears Silicon Technology (MST), which reduces gate leakage and increases drive current (performance) in complementary metal-oxide-semiconductor transistors. The multiple benefits of MST will help enable cost effective scaling to smaller geometries and are complementary to other nano-scaling technologies already in the industry roadmap.
Liquid Venture Partners () finds young companies with transformative technologies, builds patent and business strategies around them, and then takes them public through a NYSE or Nasdaq IPO. The investors we work with want to help us build great companies, and the companies we work with are looking for partners who will help them grow. Liquid Venture–s headquarters are located in Marina del Rey, California. Securities and Investment Banking Services offered through National Securities Corporation (NSC), Member /.
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