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ATEL Ventures Commits $3MM in Equipment Lease Financing for Cambrios Technologies

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

ATEL Ventures, a provider of secured financing to emerging growth companies, has committed $3 million in equipment lease financing to Cambrios Technologies Corporation, a privately-held company whose cutting edge technology utilizes nanostructures to develop electronic materials and processes for a variety of industries.

The Mountain View, CA-based Cambrios is helping drive a revolutionary shift to the use of nano-engineered inorganic material in the creation of electronic components. ATEL Venture’s financing package will support Cambrios’ rapid development of tangible manifestations of the technology and find commercialization partners with which to bring them to market.

“Cambrios has created an amazing framework of technology,” said Steve Rea, executive vice president at ATEL Ventures, a division of ATEL Capital Group. “This framework is the key to their amazing potential to provide better, more cost-effective solutions for the electronics industry and is also the reason why ATEL felt this was an excellent, as well as timely, investment.”

”We are about to launch our first products and they will come out of the equipment and infrastructure that ATEL financing is helping us build,” said Michael Knapp, president and CEO of Cambrios. “We are very grateful for ATEL’s support in this endeavor.”

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