Nanosys Inc., a materials architect, and Samsung Electronics Co. Ltd. have signed a strategic alliance and licensing arrangement designed to accelerate the development of commercial applications of nano-architected materials for the electronics and thin-film solar markets.
Under the terms of the deal, Samsung Electronics will contribute funding and resources to co-develop products using Nanosys' technologies, in addition to $15 million equity investment from the affiliated Samsung Venture Investment Corp.
Samsung's equity investment will come from Samsung Venture Investment Corp., with at least an additional $10 million in total from previous venture capital investors, including Arch Venture Partners, El Dorado Ventures, Polaris Venture Capital and Venrock.
SOURCE: Nanosys Inc.
