Navigation Links
Cymbet Secures $20 Million Investment
Date:4/17/2013

Elk River, MN (PRWEB) April 17, 2013

Cymbet Corporation today announced that it has completed a recapitalization of the company in connection with a $20 million equity investment led by U.S. - based Island Shore Investments (ISI). This significant investment and restructuring will eliminate the majority of long- and short-term debt, fund the completion of new products and provide significant working capital to expand Cymbet’s business in important international markets. ISI and the other investors are highly successful operators and investors in the semiconductor industry with significant experience growing companies like Cymbet in the international electronic component marketplace.

“In today’s challenging capital markets, Cymbet has been pursuing industry partners that share our vision of the company’s potential.” said Bill Priesmeyer Cymbet CEO. “We are fortunate to have new shareholders who both understand that potential and are financially committed to the success of our global sales and product development efforts.”

Cymbet, a privately held clean technology company, is the world leader in solid-state energy storage solutions for microelectronic systems. The company’s EnerChip™ devices are the first eco-friendly rechargeable solid state batteries that provide electronic systems designers new embedded power capabilities. Cymbet has manufacturing facilities in Lubbock, Texas, in partnership with X-FAB, and in Elk River, Minnesota.

Cymbet will use this investment to significantly expand sales, marketing and technical support resources in Asia and Europe. Cymbet also will bring to market new exciting devices such as the CBC34123 Real Time Clock with integrated EnerChip™ battery that will be used by Cymbet’s customers to create innovative, miniature, integrated products that solve the most challenging applications.

About Cymbet
Cymbet Corporation is the leader in solid-state energy storage solutions for microelectronic systems. The company is the first to market eco-friendly rechargeable solid-state batteries that provide electronic systems designers with new embedded power capabilities. The company's EnerChip™ devices enable new concepts in energy storage application for ICs and new products for medical, sensor, RFID, industrial control, communications and portable electronic devices. Visit Cymbet online at http://www.cymbet.com.

Read the full story at http://www.prweb.com/releases/Cymbet/Investment/prweb10617620.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Arizona State University secures defense contract
2. Sika Sarnafil Secures Factory Mutual Global Approval For Vegetated Roofing System
3. EP Global Communications, Inc, EPGL Medical Begins Selling MPDD Devices, Singapore Distributor Secures First 1,000 Units Off Assembly Line
4. NIH awards $20 million over 5 years to train next generation of global health researchers
5. Scientist awarded $1 million grant to develop tools for hepatitis C treatment discovery
6. David H. Koch donates $10 million to Mount Sinais Jaffe Food Allergy Institute
7. $9 million grant awarded to UH to study, treat learning disabilities
8. New report shows 15 million babies born too soon every year
9. Southeast program to fight diabetes awarded nearly $10 million by HHS
10. OHSU study: Misdiagnosis of MS is costing health system millions per year
11. Enzyme corrects more than 1 million faults in DNA replication
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... , ... June 24, 2016 , ... Global law firm ... 2016 Legal Elite. The attorneys chosen by their peers for this recognition are considered ... Seven Greenberg Traurig Shareholders received special honors as members of this year’s Legal Elite ...
(Date:6/24/2016)... Plano, TX (PRWEB) , ... June 24, 2016 , ... ... taking part in Genome magazine’s Code Talker Award, an essay contest in which patients ... for an award to be presented at the 2016 National Society of Genetic Counselors ...
(Date:6/24/2016)... ... June 24, 2016 , ... Strategic Capital Partners, ... economy by obtaining investment capital for emerging technology companies. SCP has delivered ... already resulted in more than a million dollars of capital investment for five ...
(Date:6/24/2016)... ... June 24, 2016 , ... Advanced Plastic Surgery Institute ... pageant as its official Medspa Sponsor. Dr. Josh Olson, a board-certified plastic surgeon, ... , Dr. Olson says the decision to support the pageant in an official ...
(Date:6/24/2016)... ... 24, 2016 , ... Today, InhaleLabs.com (Inhale) offilially launched its site, ... matching users with high quality water pipes within an ideal price range. The site ... was founded by two brothers, Nick and Mike Hunter, who use medical cannabis to ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... Ill. and INDIANAPOLIS , ... students receiving a Lilly Diabetes Tomorrow,s Leaders Scholarship is ... 2016 scholarship winners, announced today online at www.diabetesscholars.org ... let type 1 diabetes stand in the way of ... has supported the Foundation,s scholarship program since 2012, and ...
(Date:6/23/2016)... -- The vast majority of dialysis patients currently receive ... usually 3 times a week, with treatment times averaging ... equipment preparation and wait time.  This regimen can be ... who are elderly and frail.  Many elderly dialysis patients ... for some duration of time. Residents in ...
(Date:6/23/2016)... WASHINGTON , June 23, 2016  The ... Pharmaceuticals has joined the health policy research organization ... Steven Romano , MD, senior vice president and ... his company,s representative on the NPC Board of ... are pleased that Mallinckrodt has joined us in ...
Breaking Medicine Technology: