Pentadyne Power Corp. Receives $22,000,000 New Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=01d8ff16-10e1-437d-aa4c-a354b196fcb9&Preview=1 -
Date
9/23/2008 -
Company Name
Pentadyne Power Corp. -
Mailing Address
20750 Lassen Street Chatsworth, CA 91311- 450 -
Company Description
Pentadyne Power Corporation designs, manufactures and markets advanced flywheel power systems that provide ride-through power and voltage stabilization for power quality and power recycling applications. -
Website
http://www.pentadyne.com -
Transaction Type
Venture Equity -
Transaction Amount
$22,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The new capital will be used to fuel expansion of the company into new markets, with enhanced energy storage systems and the sales and production of new and existing products. -
M&A Terms
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Venture Investor
Undisclosed
