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Pixelligent Technologies Awarded Grant Funding of $2.15 Million
BALTIMORE, Md.–Pixelligent Technologies, a manufacturer of nanocomposite advanced materials, has been awarded grant funding totaling a combined $2.15 million from the U.S. Department of Energy SBIR program and the U.S. Department of Defense STTR program. The funding will be used to accelerate and further develop a diverse range of applications leveraging Pixelligent's core PixClear® nanocomposite technology.
"The grants from the Department of Energy will help to extend our technology leadership in OLED lighting applications," said Gregory Cooper, PhD, CTO, and founder of Pixelligent Technologies, in a statement. "These SBIR Phase I and Phase IIB grants will allow Pixelligent to further extend our OLED light extraction materials to enable next generation flexible OLED lighting applications. The STTR Phase II grant from the Department of Defense will support our continued collaboration with the University of Pennsylvania and Argonne National Laboratory to further the development of PixClear–enabled gear oils for improving the lifetime and energy efficiency of gear boxes and drive trains."
"These are highly competitive programs and these awards point to the broad applicability of our materials, which can deliver unparalleled efficiency gains in applications ranging from OLED technology to lubricant additives," said Craig Bandes, president and CEO of Pixelligent, in a statement.
In a press release, Pixelligent stated that through grant awards and private funding, it "has emerged as one of the only companies that has developed a truly disruptive manufacturing and advanced material technology platform for commercializing the promise of nanotechnology." The company was recently recognized by Frost & Sullivan with the 2017 Manufacturer of the Year award for SMB (small and medium sized businesses) under $1 billion in revenues.
Pixelligent Technologies (www.pixelligent.com) is an advanced materials manufacturer that leverages nanomaterials to develop dispersion technology for next generation products in OLED and HD display, OLED and LED lighting, and optical coatings and industrial applications.
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