WASHINGTON--(Business Wire)--
Oxantium Ventures closed a B Series funding round with RF Nano
Corporation(TM), the leader in developing superior radio frequency
devices from carbon nanotubes. Dr. Richard Wirt, a managing director
at Oxantium, joins RF Nano's Board. Oxantium led the $8 million
investment, which is syndicated with a southern California based
venture capital firm.
RF Nano, based in Orange County, CA, is rapidly commercializing
the application of carbon-based nanotube technology to ground-breaking
RF devices. The result is high power density discrete and embedded
devices targeted at the $60 billion analog and mixed signal
communications markets. These devices will radically improve the
performance of military and aerospace systems as well as wireless and
data processing products. Dr. Newton Howard, Oxantium Venture's
Managing Director commented on the investment, "With power densities
100 times greater than silicon and 20 times greater than gallium
arsenide, intrinsic cutoff frequencies in the terahertz, inexpensive
growth, and the ability to integrate with CMOS, we believe that RF
Nano has the potential to radically extend current analog and mixed
signal capabilities and open up entirely new product areas in the
electronics industry that to date have been limited by the performance
and cost of traditional silicon and GaAs solutions."
RF Nano's nanotube process technology was developed at the
University of California, Irvine by Professor Peter Burke, the
company's co-founder and Chief Technology Officer. The Company is
targeting the sampling of its first products for the first quarter of
2009.
About RF Nano RF Nano Corporation(TM) is the leader in developing
a CMOS compatible suite of discrete, wafer and integrated circuit
products based on the outstanding analog electronic properties of
carbon nanotubes. Founded in 2005 and based in Orange County, CA, the
company is privately held and backed by Oxantium and Okapi Venture
Capital. For more information, please visit www.RFNano.com.
About Oxantium Ventures Oxantium Ventures is a premiere technology
investment group supporting companies at seed, early, and growth stage
by providing capital, insight, and years of experience in research,
industry, and government. Headquartered in Washington, DC with a
global investment strategy Oxantium's team invests to shape tomorrow
by empowering passionate and talented entrepreneurs from imagination
to innovation to commercialization. Its technology focus areas include
emerging computing, wireless everywhere, collaboration, and enabling
technologies. Visit www.oxantium.com for more information.
Oxantium Ventures
Sergey Kanareykin, +1-202-256-5646
sergey.kanareykin@oxantium.com
Copyright Business Wire 2008
