California-based Nanosys, Inc., a company involved in the development of advanced materials, and Samsung Electronics Co., Ltd. (SSNLF.PK) announced a strategic alliance and licensing arrangement to accelerate the development of commercial applications of "nano-architected materials" for the electronics and thin film solar markets.
Under the terms of the deal, Samsung Electronics will contribute funding and resources to co-develop products using Nanosys technologies, in addition to $15 million equity investment from the affiliated Samsung Venture Investment Corporation.
Samsung and Nanosys will work together to create a new generation of
cost effective, higher-efficiency products in the fields of solar, LED,
memory, semiconductor, and display.
In addition to Samsung's $15 million, previous investors are expected to contributeat least an additional $10 million, Nanosys said in a release. Those investors include Arch Venture Partners, El Dorado Ventures, Polaris Venture Capital and V enrock.
Xconomy published a profile of Nanosys and the company's CEO Jason Hartlove last month. It is available at the link below.
