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

  • Feed Type
  • 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

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