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Intechra Raises Another $30M

Electronics lifecycle management company Intechra Holding Corp. announced it has secured $30 million in new equity funding led by Richland Ventures of Nashville, Oxford Bioscience Partners of Boston and First Avenue Partners of Nashville. “Our clients are demanding an expanded breadth of services and geographic reach to serve their needs,” said Intechra CEO Chip Slack. “This additional equity capital significantly enhances our ability to do both and complete our growth plan over the next two years, including our global growth strategy.” Intechra helps large businesses recycle end-of-life IT assets to derive their highest value while mitigating the data security and environmental risks of asset disposal. During the past two years, Intechra has attracted over $50 million in private equity funding. “We are very excited about our recent investment in Intechra, a national e-lifecycle company that is well positioned in an emerging market,” said Matt Gibbs, General Partner of Oxford Bioscience Partners. “We see electronics lifecycle management as a growth segment, particularly with its critical importance to large healthcare and lifescience companies, which are under tremendous pressure to comply with data security and environmental disposal regulations.” Co-investors in the financing include among others, Chrysalis Ventures, Sewanee Partners and SJF Ventures. Intechra […]

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Petra Solar Raises First Round

Petra Solar, a developer of power electronics for solar systems, has raised $14 million Series A financing round. The round was led by DFJ Element and BlueRun Ventures. National Technology Enterprises Co. also participated. The investment will be used for product development and global market expansion. Petra Solar focuses on increasing efficiencies and significantly reducing the cost of installed solar electric systems through the introduction of innovative power electronics. The company has a strong IP position. “Petra Solar’s innovative products provide truly modular and scalable PV systems. Such systems have higher efficiency, better reliability and simplified Balance of System in addition to easier maintenance,” said David Lincoln, Managing Director, DFJ Element. About Petra Solar Petra Solar is introducing intelligent, digitally controlled, distributed and scalable products that manage power out of solar modules and into the grid, batteries and loads. Solar Electric systems built with Petra Solar’s products have higher efficiencies and are much easier to design, build, maintain and scale. Website: [sorry this link is no longer available]     

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DayStar Gets Bridge Financing Commitment

DayStar Technologies, Inc. (Nasdaq: DSTI), a developer and manufacturer of CIGS photovoltaic products, announced it has signed a commitment letter with an existing investor to provide up to $4 million of bridge financing to the Company. This financing will be subject to negotiation of satisfactory definitive agreements.

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EV Truck Co. Establishes Assembly Plant

Smith Electric Vehicles, a subsidiary of UK-based Tanfield Group Plc (TAN.L) and a manufacturer of highway-ready electric vans and trucks, announced it would establish an assembly facility in the US at an undislosed location. The company, which currently produces 5 vehicles a week, says that should double by the end of the year, and triple production to 30 per week by the end of 2008. Smith expects exports to comprise 40-50% of sales next year, up from about 15%. Its 7.5-ton Newton truck has a range of 130 miles and a top speed of 50 miles per hour. It costs $120,000. The group recently launched 3.5 and 9 ton vehicles for the small van market, and will soon introduce a 12-ton vehicle. Clients include delivery firm TNT (TNT.AS) and British retailer Marks & Spencer Plc (MKS.L). Starbucks (SBUX) and DHL (DOWG.DE) are testing the vehicles. Tanfield’s California facility makes electric cherry pickers, and the company is raising output there from 25 vehicles a week.

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AMSC,Pacific Ethanol CEOs Sell Shares

The CEO of American Superconductor Corp. (Nasdaq: AMSC) and Director of Pacific Ethanol (Nasdaq: PEIX) have sold shares of their common stock. AMSC CEO Gregory Yurek exercised options for 89,425 shares of common stock under a prearranged 10b5-1 trading plan which allows company insiders to set up a program in advance for such transactions . According to SEC filings, he exercised options for $3.53 and $12.56 apiece and then sold all 89,425 shares on the same day for $16.69 to $18 apiece. Pacific Ethanol Director William Jones sold 57,726 shares of common stock for $14.51 to $14.76 apiece.

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Intel Eliminates Lead from Microprocessors

Intel Corporation (Nasdaq: INTC) announced its processors will be lead-free beginning in the second half of this year. “Intel is taking an aggressive stance toward environmental sustainability, from the elimination of lead and a focus on greater energy efficiency of our products to fewer air emissions and more water and materials recycling,” said Nasser Grayeli, Intel vice president and director of assembly test technology development, Technology and Manufacturing Group. Lead is used in a variety of micro-electronic “packages” and the “bumps” that attach an Intel chip to the packages. Packages wrap around the chip and ultimately connect it to the motherboard. Different types of packages are used for processors targeted at specific market segments, including mobile, desktop and server. Package designs include pin grid array, ball grid array and land grid array, and all are 100 percent lead-free in Intel’s 45nm Hi-k technology generation. In 2008, the company will also transition its 65nm chipset products to 100 percent lead-free technology. The processors also make use of the company’s Hi-k silicon technology for reduced transistor leakage, enabling more energy-efficient, high-performance processors. Ultimately, Intel’s 45nm Hi-k family of processors will enable sleeker, smaller and more energy-efficient desktop, notebook PC, mobile internet device […]

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