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:3/30/2017)... Durham, NC (PRWEB) , ... March 30, 2017 ... ... professionals, will host the live audio conference “ Preventing Hospital Readmissions Through Discharge ... April 12, 2017 at 1:00 pm ET. This conference discusses strategies to prevent ...
(Date:3/29/2017)... ... March 29, 2017 , ... In the United States alone, up ... year develop other types of metastatic brain tumors(3). Though most meningiomas are benign, metastatic ... focus on finding more effective treatment options, the San Diego Gamma Knife Center ...
(Date:3/29/2017)... ... March 30, 2017 , ... CHARM CITY RUN WELCOMES MERCY MEDICAL CENTER AS ... Medical Center will serve as the official title sponsor of the Baltimore Women’s Classic, ... 2017, thousands of women will walk or run the course around the Baltimore Inner ...
(Date:3/29/2017)... ... March 29, 2017 , ... Wells Pharmacy ... attending prescribers at the upcoming World Congress, in Hollywood Florida April 6-8, 2017. ... recognized as the visionary leader in the training of physicians, scientists, and members ...
(Date:3/29/2017)... ... 29, 2017 , ... Patients interested in receiving quick and ... Jamie Cameron, with or without a referral. The FASTBRACES system is valued for ... each patient’s case, treatment with the FASTBRACES system could be completed in 120 ...
Breaking Medicine News(10 mins):
(Date:3/29/2017)... DUBLIN , Mar. 29, 2017 ... "Intraoperative Neuromonitoring (IONM) Market Size & Forecast By Type (Insource ... - 2025" report to their offering. ... The global Intraoperative ... by 2025. The intraoperative neuromonitoring market is anticipated to witness ...
(Date:3/29/2017)... March 29, 2017 Global intravenous (IV) iron and ... by 2021, growing at a CAGR of 5%. ... a doctor to treat anemia or other iron deficiencies. Oral ... the body. However, in some cases, oral administrations are not ... intravenous (IV) iron therapy comes into the picture. ...
(Date:3/29/2017)... 29, 2017 Today, CVS Health officials (NYSE: ... , Department of Public Health Director Gerd Clabaugh ... in announcing the availability of the opioid overdose-reversal medicine ... Iowa.  CVS Health has established a standing order with physicians ... to expand access to the medication in the state.   ...
Breaking Medicine Technology: