|
}
<br /> •iiisleader' ' .. Description: :,-1,,,,:•.•;,..:41..„,•,....--,--... ° : Illeb' •ite "" � Y.
<br /> www.cymbet.com
<br /> ' m
<br /> Vlar nson, founder and CEO Developer of thin-film, rechargeable batteries
<br /> B
<br /> ao
<br /> or products to its key investors,a who's who recent$4.5 million round of financing, the Other upcoming milestones include gen-
<br /> list of European industrial giants, including determination of Jenson, Weiss, and crating its first sale,which Shiffman believes c
<br /> Bayer, Siemens, Henkel, DSM, Bekaert, Shiffman will cast all doubt aside. willoccur within the year, and establishing w
<br /> and Schott.The fund's policy is to invest in With an eye toward raising upwards of profitability within three years. Meanwhile,
<br /> new materials aiming at the microelectron- $50 million or more to begin manufactur anticipating the next phase in the company's
<br /> ic, communication, and life science Indus- ing, the most immediate milestone that evolution,Cymbet has moved from its start
<br /> tries worldwide. needs to be achieved within the next six up digs at the Genesis incubator in Elk c
<br /> In addition,Cymbet also received financ months is proving to its current investors River to another building within the city
<br /> ing from Merchant Venture Investments that the company actually can manufacture that accommodate its manufacturing plans.
<br /> (MVI),an international equity pool of more one of •its batteries. Key to achieving this "Cymbet has worked exactly how a start-
<br /> than 400 individuals investing jointly in milestone is establishing a partnership with up should,"says Jacobs."They started small
<br /> buy-outs and development situations. MVI a company that will serve as the beta for in the incubator,and as they've grown, they
<br /> has offices in Finland, Germany, Italy, Cymbet's battery technology, based on an sought larger space in the community that
<br /> Norway,Singapore,and Switzerland. actual application of the technology.To add has supported them the most."
<br /> credibility, Shiffman says the company will
<br /> Hitting the Milestones base its processes on ISO 9000 certification
<br /> WitteIle the rise of Cymbet may sound guidelines. Stephen Dupont(sdupont@ctynch.com)is a fre- .
<br /> a Cinderella story in the making, This is where the Millennium Funds' quent contributor to MinnesotaBusiness. M_
<br /> the fact is the next year may be the compa- investment in Cymbet may pay off. The Magazine. He is partner/director of media
<br /> ny's most critical. With venture capital participation of companies such as Bayer, relations at Carmichael Lynch Spong, but does
<br /> comes the demand of hitting important Siemens, and Boeing may lead to a connec- not write about his clients. c
<br /> mil e markers. And lest you think tion that will allow Cymbet to breath life o
<br /> CM is basking in the glow of its most into its technology.
<br /> rib x r 4 l a. D s P ", 0.i.i
<br /> e -
<br /> € i
<br /> x'. s _ _ • _ .vt 4 A f
<br /> r5
<br /> S`".,.,s - 1. 37g*411, `..x� .$4 1C"- e'0 h .';:f"'"'"
<br /> FC•n �: a '"r,, , ^r'
<br /> •
<br /> .flab --,,,,,,,,,•,1,....,,,4141,;- •,,,
<br /> >'� s -4•0 i,-4,...,• . i•-,Nr-•w." l.- u
<br /> 1,,,,i..-,.:„...� s 7 ��11�, � .a rt` f'', t ' '' � �
<br /> 43 - 's° to: #�: r N� -
<br /> < � r S.ca. ,+a s y.... c:4`,,,x„4,." •qsx P Via` tog . 7H. 1, a
<br /> 3,;,:.-„,,43 _• -,,,w,",-..,'a t.
<br /> : ,. st t ro' , t )611 "-, • ,nerr°-Q z
<br /> • •,_1.-4,7•_' ti a.1.^n- ��pyykr-.. ^. ..
<br /> n ,xy ep Pep(�'' 7' ,„,, O q e e w tt
<br /> ky k. Y .i.�-. ra ,Fii.6.;;- by z
<br /> �,,t F • �,t �,, "x 6 P ter•- a '::i2,170'' t'"t"-g 'J "'""`° ',t
<br /> ' -1 � tie; v e er 5 a .,rx`1
<br /> r._ _.....t.:,,. ..,.. ,..„,..-.,;‘,. ..,. ,,,,-, ,.-...._,..,-. .,::.,,,- ,., . .-,,-.2. ,...,'. ‘,...-,....:'.„-.,;::...,,,-._ :,,..-,-, „,-,.:..,,, g*-41-* -b,,,tt.4.,-4.,v,;$4.-.. ,,.::,,.,..z.v.rizt.4,+.:-.--,..,.44,7„,..41r-;-1,4*--- .
<br /> fi �v e.,& � Y s*r.uw x 3 �v e .;* 4.,d` •� Y a ? +.,c WWW XCOlB00t'$y corn
<br /> -6, t ,-A m f 0 r e
<br /> 27
<br />
|