Applied Quantum Technology Garners $10,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=177cf0f3-bf4a-46b3-8ab1-0d88da7d7cce&Preview=1
Date
4/7/2010
Company Name
Applied Quantum Technology
Mailing Address
3350 Scott Blvd Santa Clara, CA 95054
Company Description
AQT’s executive team has over 50 years of relevant experience in high-volume, low-cost, high-tech manufacturing in start-ups, mid-sized and large companies. This encompasses R&D, product development and commercialization, manufacturing and business operations. They all have stellar records of accomplishment and have been intimately associated with photovoltaic and thin film products and technologies relevant to AQT’s mission.
Website
http://www.aqtsolar.com
Transaction Type
Venture Equity
Transaction Amount
$10,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The latest investment from the original investor syndicate and additional undisclosed investors will be used to build out AQT’s first manufacturing line, to be located in Silicon Valley, and to aggressively expand the company’s staff in anticipation of full-scale production over the next 12 months.
M&A Terms
Venture Investor
Undisclosed