Infinite Power Gets Investment From In-Q-Tel
Golden, Colorado-based Infinite Power Solutions this morning announced that it has received an investment from In-Q-Tel, the venture capital arm of the Central Intelligence Agency (CIA). The investments follows a recent, $34.7M financing the firm received in September. Infinite Power said that the funding would go toward the construction of new facilities for high volume manufacturing of the firm's thin-film batteries. Infinite Power's batteries are used to power microelectronic systems and provide backup power, and are embedded directly into printed circuit boards. Other investors in the firm include D. E. Shaw group, Polaris Venture Partners, Core Capital Partners, Applied Ventures, SpringWorks, and Advanced Energy Technologies.
posted on Monday, November 13, 2006 (Link to more information)
Related companies:
Infinite Arthroscopy Inc., Ltd
Related stories:
> Infinite Power Hires CFO, Manufacturing VP
> Infinite Power Leases Manufacturing Space In Littleton
> Infinite Power Solutions Gets $20M
> Infinite Power Gets $1.625M
> Infinite Power Solutions Taps Segway For New CEO
Techrockies.com Home