Draker Laboratories Secures Financing For Expansion

Posted by SI Staff on August 11, 2008 No Comments
Categories : FYI

Draker Laboratories has announced a series of partnerships and the securing of a significant investment that will improve the company's ability to expand in the renewable energy monitoring industry. Draker has formed strategic alliances with Campbell Scientific and the Nathaniel Group, as well as gained investments from FreshTracks Capital II LP and Vermont's Clean Energy Development Fund.

‘We are excited about the strategic infrastructure Draker has assembled through this transaction,’ says AJ Rossman, founder and CEO of Draker. ‘These partnerships allow Draker to better serve the commercial renewable energy sector through improved hardware, software and customer support.’

The investment will allow the company to hire several new staff members, as well as allocate funds to its sales and marketing budget and R&D efforts.

SOURCE: Draker

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