Dielectric Solutions Secures Equity Funding; 4th Round Equity Investment To Accelerate Marketing Of New Technology; Stonewood Capital Leads $2.25 Million Round.Business Editors PITTSBURGH, Pa.--(BUSINESS WIRE)--Dec. 15, 2003 Dielectric dielectric (dī'ĭlĕk`trĭk), material that does not conduct electricity readily, i.e., an insulator (see insulation). A good dielectric should also have other properties: It must resist breakdown under high voltages; it should not Solutions, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, company specializing in high performance glass fiber products, today announced the successful completion of a series of fundraising transactions. Todd Kadar, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said today that a group led by Stonewood Capital Management, Inc., of Pittsburgh, and including members of the Dielectric Solutions management team, had invested significant equity funds in the company. The funds will be used to support the Company's continuing sales growth. Joining the Dielectric Solutions governing board Noun 1. governing board - a board that manages the affairs of an institution board - a committee having supervisory powers; "the board has seven members" are investors George Knapp George Knapp might mean:
"Dielectric Solutions represents the best of what Western Pennsylvania Western Pennsylvania consists of the western third of the state of Pennsylvania in the United States. Pittsburgh is the largest city in the region, with a metropolitan area of about 2.4 million people, and is the cultural center for Western Pennsylvania. has to offer in the way of high-growth, high-tech manufacturing, and we are pleased to help bolster its growth," said Kenn Moritz, Vice President of Stonewood. "Its unique manufacturing process and other proprietary technology put it in a position to transform an established industry: the making of fiberglass fabric." "We are extremely pleased to be associated with Stonewood Capital," said Kadar. "This round of funding, the 4th since our company was established in early 2000, will be used to introduce our technology to new market segments over the next year. Having now secured investments in excess of $10 million to develop our proprietary technology and manufacturing capabilities, we are quite encouraged by the number of new customers who have recognized the enhanced performance and value that our products can bring. This investment by Stonewood Capital is further validation of our unique approach to our market." Dielectric Solutions, located in East Butler, PA, has developed a revolutionary process for producing ultra-light-weight glass fiber fabric, a key component of many advanced electronics products. The Company's process, GlasFab(R) Direct, requires 50 percent fewer processing steps than traditional methods. The GlasFab Direct process also results in a superior performing product that is typically much thinner and stronger, with improved electrical, thermal, and other properties as compared to other commercially available products. In addition to electronics, Dielectric Solutions' products are being used in a wide variety of high-tech composite applications In computing, the term composite application expresses a perspective of software engineering that defines an application built by combining multiple services. People often compare composite applications to mashups. in industries such as aerospace, construction, and petroleum. Stonewood Capital Management, Inc., based in Gateway Center, downtown Pittsburgh, is the investment and venture capital firm founded by the Tippins family of Pittsburgh. The firm invests in privately-held, profitable manufacturing or distribution businesses, in which it pairs its investment with that of the existing management team, and earlier-stage ventures with a high technology content. Companies in which Stonewood Capital has invested include Addressograph Bartizan bar·ti·zan n. A small, overhanging turret on a wall or tower. [Alteration of bratticing, timberwork, from brattice. LLC (Ontario), Cavert Wire, ClubCom, Emglo Products, Inmedius, NewBold Corporation, Plan4Demand Solutions, Precision Therepeutics, TeenFX.com and TimeSys. |
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