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:2/10/2016)... ... February 10, 2016 , ... 10 Best Water is excited to ... water brand owners that topped the list as a result of their commitment to ... premier brand was Tibet 5100, a top notch water company that specializes in providing ...
(Date:2/10/2016)... ... February 10, 2016 , ... Intalere’s 2016 ... more than 200 of the country’s top healthcare executives to share insights on ... benefit of the Forum is the provider-centric perspective, experience, expertise and strategy shared ...
(Date:2/10/2016)... ... February 10, 2016 , ... Armune BioScience ... across their network of laboratory service centers across the country. Launched in April of ... in the detection of prostate cancer. Apifiny order volume exceeded 3,000 tests in 2015. ...
(Date:2/10/2016)... ... February 10, 2016 , ... ... the Ohio Safety Congress and Expo event March 9-11, 2016. Hosted by Ohio's ... Convention Center. , As the longest running and largest worker's compensation event ...
(Date:2/10/2016)... ... February 10, 2016 , ... ... February 26th: Amateur & Professional Divisions - Time: 7:00pm – 10:00pm | ... | Ticket Prices $30, Social Media: http://www.USPoleSportsFed.org , Facebook: http://www.facebook.com/uspolesportsfederation ...
Breaking Medicine News(10 mins):
(Date:2/10/2016)... -- Vanda Pharmaceuticals Inc. (Vanda) (NASDAQ: VNDA ), ... quarter and full year ended December 31, 2015. ... a transformational year for Vanda with the continued growth ... approval of HETLIOZ for Non-24," said Mihael H. Polymeropoulos, ... to our U.S. product portfolio builds on this success ...
(Date:2/10/2016)... --> --> This press release is intended for ... Japan .  --> A separate press release has been prepared ... Shire continues to strengthen its presence in ... continues to strengthen its presence in Japan ... continues to strengthen its presence in Japan ...
(Date:2/10/2016)... A new report from business intelligence provider GBI Research ... Alzheimer,s disease market will more than double from just under $5 billion in ... Rate (CAGR) of 11%. Canada , France ... Spain , the UK, and Japan , and ... --> Canada , France , ...
Breaking Medicine Technology: