ATEL Ventures Commits $3.0MM in Equipment Lease Financing for Cambrios Technologies Corporation
SAN FRANCISCO--(Business Wire)--
ATEL Ventures, a provider of secured financing to emerging growth
companies, has committed $3.0 million in equipment lease financing to
Cambrios Technologies Corporation, a privately-held company whose
cutting edge technology utilizes nanostructures to develop electronic
materials and processes for a variety of industries.
The Mountain View, California-based Cambrios is helping drive a
revolutionary shift to the use of nano-engineered inorganic material
in the creation of electronic components. ATEL Venture's financing
package will support Cambrios' rapid development of tangible
manifestations of the technology and find commercialization partners
with which to bring them to market.
"Cambrios has created an amazing framework of technology," said
Steve Rea, Executive Vice President at ATEL Ventures, a division of
ATEL Capital Group. "This framework is the key to their amazing
potential to provide better, more cost-effective solutions for the
electronics industry and is also the reason why ATEL felt this was an
excellent, as well as timely, investment."
"We are about to launch our first products and they will come out
of the equipment and infrastructure that ATEL financing is helping us
build," said Michael Knapp, President & CEO of Cambrios. "We are very
grateful for ATEL's support in this endeavor."
About Cambrios
Cambrios is an electronic materials company that develops
proprietary, competitive products. Cambrios implements its novel
technology to simplify electronics manufacturing processes, improve
end-product performance and identify ways to satisfy unmet industry
needs. Cambrios is also developing solution phase chemistries that
will replace more complicated and expensive manufacturing processes.
About ATEL Ventures
ATEL Capital Group formed ATEL Ventures, Inc. to provide working
capital and equipment financing term loans to emerging growth
companies in information technology, life sciences, specialty retail
and alternative energy. Since its founding in 1977, San
Francisco-based ATEL Capital Group has become the largest private and
closely held independent leasing company in the United States, with
approximately $2 billion in asset-secured transactions under
management. For information about ATEL Ventures, contact Steven Rea,
executive vice president, or visit their website at
www.atel.com/ventures.
ATEL Ventures, Inc.
Steven Rea, 415-616-3436
Executive Vice President
srea@atel.com
Copyright Business Wire 2008
