Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Bookmark and Share   

Home

Marketplace
Database
Deals
News
Store
Resources
Contact Us

 

 

 

News

VCPro Database 2014 (17th Edition) Now Available! Newly released


Venture Capital Deals Spreadsheet Now Available Newly released


 

XG Sciences Announces Samsung-Led Investment and Joint Battery Development Initiative

World's largest lithium-ion battery maker invests in graphene manufacturer

LANSING, Mich., January 29, 2014-- XG Sciences, Inc. (XGS) announced today it has closed on a strategic investment led by Samsung Ventures Investment Corporation (Samsung Ventures). Philip Rose, XG Sciences CEO, said the investment will be used to fund additional research and development of the company's advanced materials. The terms of the investment were not disclosed.

"The investment from Samsung is a real honor for XG Sciences," Rose said, "and it represents another significant milestone in our progress toward commercialization of large-scale graphene applications. A number of applications for our advanced graphene and battery materials have been demonstrated in the electronics industry, and a partner like Samsung will help us move these applications to market faster than we could on our own. We look forward to formalizing our development work with Samsung SDI in a joint development program aimed at next-generation batteries for consumer electronics and other devices. Samsung's shareholding will reinforce our leading position and help serve all our customers better."

"Our investment in XG Sciences is consistent with our strategy to work closely with established market leaders," said Michael Pachos, Senior Investment Manager at Samsung Ventures. "XGS is a technology leader and has built a significant business in the graphene and energy storage spaces. The company has demonstrated both a technical and business vision in driving adoption of graphene across a wide variety of industries, and we look forward to contributing to the progress of XG Sciences."

About XG Sciences

XG Sciences manufactures energy storage materials based on the company's xGnP® graphene nanoplatelets and XG Leaf™ graphene sheet products. XG Sciences Inc. is a leading supplier of graphene nanoplatelets and custom, graphene-based products to global corporations serving energy storage, aerospace, automotive, industrial and consumer markets. In addition to its electrode materials, XG Sciences makes thermal management materials, and electrically and thermally conductive inks, coatings and adhesives based on its graphene nanoplatelets. For evaluation materials and technical support please visit www.xgsciences.com or contact info@xgsciences.com.

About SVIC

Samsung Venture Investment Corporation is the Venture Capital arm of the Samsung Group with offices in Seoul, Silicon Valley, Israel, London and Tokyo.

Contact:
Media Contact:
Bob Budlong
XG Sciences
517.703.1110
r.budlong@xgsciences.com


News Index

Venture Capital Database

Venture Capital Deals Spreadsheet

 

 NEWS

Latest VC News
VC News Archive
News Search
Venture Capital Deals
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Venture Capital Deals

vcaDeals
Download Sample
Buy Now

VC Tools

VC Pitch
Private Placement Memorandum

Business Plan Tools

Free Business Plan Template
Business Plan Tools

 

 

Copyright © 1998-2014 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer