Energy & Sustainability Leader in the News - November 2018: CHASM Advanced Materials, Inc.
CHASM Advanced Materials, Inc. is a developer and manufacturer of advanced materials for printed electronics and battery applications. The company recently closed an $11 million Series A financing to expand production capabilities of transparent conductive film materials into large existing markets.
CHASM Advanced Materials Closes $11 Million Series A Financing
This month, we are excited to feature CHASM Advanced Materials, Inc., a developer and manufacturer of advanced materials for printed electronics and battery applications. CHASM recently announced the completion of an $11 million Series A financing round led by WAVE Equity Partners, a Mintz client, and NXT Ventures. CHASM will use these funds to expand production capabilities and continue the launch of new products that are positioned to penetrate large existing markets. Led by co-founders David Arthur, CHASM CEO and Robert Praino, CHASM COO, the CHASM team has worked for more than 10 years to establish best-in-class carbon nanotube manufacturing and distinguished capabilities in the areas of inks, coatings, and printing technologies.
Among the most compelling of CHASM’s product lines is a transparent conductive film (TCF) material called “AgeNT,” a hybrid of Carbon Nanotubes (CNTs) and Silver Nanowires (AgNWs). Uses of TCFs include touch screens for smart phones & tablets; transparent electrodes for a wide range of information displays; transparent touch sensors for small appliances and automotive interiors; transparent heaters for defogging windows; transparent electrodes for solar panels; and transparent EMI shielding for industrial & medical devices. TCF materials is a multibillion-dollar market that has been dominated for decades by Indium Tin Oxide (ITO). AgeNT is creating a new category (printed hybrid TCF) positioned to disrupt ITO by offering superior performance (hybrid TCFs are more conductive & more flexible) while reducing costs (circuit patterns can be created using commercial printing methods).
We believe that CHASM is poised to transform the printed electronics and battery applications industries while simultaneously contributing to a more sustainable world. As Praveen Sahay, Managing Director of WAVE Equity Partners, notes, “The Company’s printed electronics platform is catalyzing human-to-machine and machine-to-machine interactions. Its technology will help our homes, factories, phones, and cars become smarter, better connected, and safer. We especially like the fact that the products are not only functionally superior but also more affordable, durable and environmentally friendly. We expect the Company to be rapidly developing a sustainable global footprint within a couple of years.”
We congratulate the entire team at CHASM on the successful Series A financing and look forward to their continued success and growing impact in the printed electronics and battery applications markets!