Westwood, MA June 9, 2020 — Nano-C Inc., a leading producer of patented nanostructured carbon, including fullerenes, single-walled nanotubes (SWCNT), announces follow-on investment from Ray Stata, Founder and Chairman of Analog Devices. Mr. Stata first invested $3 million in Nano-C in 2018.
“Fundamental technology innovation can only come from the development of advanced materials. Nano-C is at the forefront of enabling groundbreaking change to semiconductors, mobile devices and renewable energy,” Stata said.
Ray Stata founded and built Analog Devices into a leading provider of semiconductor integrated circuits and analog-to-digital circuits for digital processing. Mr. Stata was CEO of the company from 1971 to 1996 and continues today as Chairman of the Board.
“As an investment, I believe Nano-C has all the key ingredients including a talented team, deep industry partnerships, extensive IP, differentiated technology, the potential for a meaningful impact on climate change, and most of all, the developing momentum to sign multi-year commercial contracts. I am really excited to be with them at this tipping point,” Stata said. “I believe Nano-C is poised to be the strategic supplier of choice because of its ability to deliver very high quality at low cost and at a scale that its very large markets demand.”
Expected to drive near-term revenue growth for Nano-C are five main applications:
- High-sensitivity fingerprint sensors for mobile phones
- Ultra-low power NRAM for embedded memory
- High-efficiency tandem silicon-perovskite solar for residential and commercial applications
- Flexible Organic Photovoltaic Solar (OPV) for Building Integrated Photovoltaics (BIPV)
- Extreme Ultraviolet (EUV) Photoresists and Spin-on-Carbon-Masks for the next generation of Semiconductor Manufacturing
About Nano-C, Inc.
Nano-C is a leading innovator and manufacturer in the chemistry of nanostructured carbon, including fullerenes, carbon nanotubes (CNT), and their chemical derivatives. Nano-C is focused on fundamental technology trends: the roll-out of 5G, connectivity driven by the Internet of Things, the race to extend Moore’s Law, the move to address climate change through sustainable energy generation and now healthcare. Proprietary materials produced by Nano-C are critical links in the value chain for next-generation electronics, sensors, semiconductor manufacturing and biopharmaceuticals. Nano-C’s advanced materials and molecular platform encompasses a portfolio of unique solutions protected by over 150 global patents across 46 patent families. Through its patented products and processes, and its distinct competencies in the chemistry of these materials, Nano-C is enabling a revolution in device design, manufacture, and performance, and it is committed to their responsible development and use.
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