C3Nano Closes $15 Million Series D Equity Financing

Industry leading Nissha Printing Co., Ltd. invests in latest round of funding in C3Nano. Signals key industry endorsement.

Hayward, Calif., Feb. 22, 2017. C3Nano Inc., the performance leader in transparent conductive inks and films for the touch sensor and display industry, announced today that it has closed $15 million in equity financing.

The latest financing was led by existing investor GSR Ventures, new investors Nissha Printing Co., Ltd. and Xinjiang Guoli Minsheng Equity Investment Co., Ltd.  Other investors included Phoenix Venture Partners, and several undisclosed investors, including a leading Silicon Valley technology company. Building on the Series C financing led by Hitachi Chemical and Nagase America, the new round brings C3Nano’s total equity financing to $37 million since its 2010 inception.

C3Nano will use the new funding to build manufacturing operations in China and increase its capacity in South Korea to support its sales growth. The manufacturing scale up will strengthen C3Nano’s presence in Asia and provide expanded technical and business support to its global customer base. The financing will also fund new technology development and innovation at its headquarters in Hayward, CA.

Kevin Yin, GSR Partner and C3Nano board member who led the original investment to spin-off C3Nano from Stanford University, stated “C3Nano has demonstrated clear business foresight in driving industry-leading technology, and has built one of the world’s most advanced materials R&D and engineering organizations. . They continue to innovate, setting the very best market performance standard through each product delivered.”

“We’re excited to establish a strong position in the flexible sensor market with C3Nano’s technology. We look forward to working with them as we grow the market together.” asserted Daisuke Inoue, Executive Vice President at Nissha.

C3Nano CEO Cliff Morris shared, “We are delighted to welcome our new investors and thank our existing investors for their continued support.  As the OLED and flexible display markets accelerate and with the commitment of our strong investors, strategic industry partners, loyal customers, and dedicated employees, C3Nano is globally positioned to grow and prosper. I see a bright future for us all.”

About GSR Ventures

GSR Ventures is a venture capital fund that invests primarily in early and growth stage technology companies that have very large market opportunities, strong management teams and disruptive intellectual property, business models or market positions that will give them a competitive advantage to successfully compete in the global market.

About Nissha Printing Co., Ltd.

Nissha Printing Co., Ltd. was founded in 1929 and is headquartered in Kyoto, Japan. The Company operates four business segments worldwide with variety of technologies and products in several growing markets.  Among them, the Device segment is involved in the design, development, manufacturing and sale of touch input devices with global customer base.

About Xinjiang Guoli Minsheng Equity Investment Co., Ltd.

Established over three decades ago, GMEI has evolved into a conglomerate global holdings group, with majority stakes in a series of A-share public companies in China, a variety of financial instruments such as security companies, investment banks, insurance companies, and in extended portfolio companies in Australia and in the United States. GMEI’s Managing Director, Mr. Marzak Jing Li, also a Stanford Alumnus, led the investment in C3Nano.

About Phoenix Venture Partners

Phoenix Venture Partners invests in breakthrough advanced materials innovations that have transformative impacts on diverse industries. They align themselves with passionate entrepreneurs and growing electronic materials companies to help successfully commercialize innovation.

About Hitachi Chemical Company, Ltd.

Hitachi Chemical (TSE:4217), with its headquarters in Tokyo, Japan, has a presence in global markets with a wide range of innovative products, such as electronic materials, car components, and devices and systems for energy storage. The company’s consolidated turnover in financial year 2015 (closing March 31, 2016) reached 547 billion yen ($4.8 billion USD).

About Nagase America Corporation

Nagase is a global leader in innovative products and solutions through its expertise in chemicals, plastics, electronics, automotive and life sciences. Founded in 1832, the Nagase group has grown to include over 100 companies in 20 countries and 6,000 employees worldwide. We believe in the power of bringing together good science with great people to create customized solutions for the world’s changing economic, environmental, and social needs.

About C3Nano, Inc.

Founded in 2010 as a spinout from Professor Zhenan Bao’s chemical engineering laboratory at Stanford University, C3Nano is the developer of the solution-based, transparent conductive inks and films as direct replacements for indium tin oxide (ITO). C3Nano is headquartered in Silicon Valley with an industry leading manufacturing base in South Korea, and sales and technical support in China and Taiwan. Visit www.c3nano.com for more information.

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C3Nano, Inc. To Present at 2016 SID Display Week in San Francisco, Booth #1321

Hayward, CA., May 23, 2016 – C3Nano, Inc. the performance leader in transparent conductive ink and film for the touch sensor and display industry, today announced their participation in this year’s SID Display Week, taking place May 22 through 27 at the Moscone Convention Center in San Francisco. C3Nano is located at booth #1321, together with their partner, Nagase America Corporation.

During this year’s Display Week, visitors will be introduced to the latest C3Nano products, including its hardcoat film and transparent conductive inks and film (TCF). Along with their global touch panel partners, C3Nano will present a number of touch sensor demonstrations, including a 10” flexible touch sensor, a 55” interactive smart TV, and various touch screens for AIO, Notebook and OLED display.

The low sheet resistance (30 ohms/sq) ActiveGrid™ TCF features greater than 90% transmittance with less than 1% haze, and is suitable for large size touch screens such as AIO, interactive TV and Digital Signage.

ActiveGuardHC™ Film is developed for the next generation of devices using flexible and bendable displays, providing excellent flexibility, hardness, scratch-resistance and superb optical properties. This super hardcoat material will meet the industrial requirements for next generation flexible devices.

More information will be released by C3Nano CEO, Cliff Morris, at C3Nano booth #1321.

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C3Nano Demo & Interview Offered By CEO Cliff Morris

Hayward, Calif., — May 31, 2015. With the recent partnership with Kimoto of Japan, the acquisition of Aiden Co., Ltd of Korea, and a joint development with Nissha Printing Co., Ltd., C3Nano has positioned itself as the performance leader in TCFs. Now C3Nano will reveal further announcements and provide a product demo during Silicon Valley’s 2015 SID Tradeshow.

If you haven’t been keeping up with the Silicon Valley company, coordinate an interview with CEO Cliff Morris* and visit booth 1420 for a demo during Display Week.

  • March 2015: Partnership with Kimoto – the global market leader in roll-to-roll, hard-coated films for the display and touch screen panel industry.
  • April 2015: Acquisition of Aiden Co., Asia’s largest silver nanowire manufacturer.
  • May 2015: Joint development with Nissha Printing Co., Ltd. of next generation of silver nanowire (AgNW) transparent inks.
  • May 26, 2015: (TBA) New partnership to enable a new class of flexible, more intuitive touch sensor applications, even in large panel and curved displays.

Performance Leadership

Typical applications for C3Nano’s ActiveGrid™ products are touch sensors, OLED lighting, OLED displays, EMI shielding, smart windows, E-paper, LCDs and solar cells. One of the keys to ActiveGrid’s performance is C3Nano’s proprietary NanoGlue™ technology. NanoGlue fuses AgNWs into a high-conductive grid. The net effect lowers sheet resistance while maintaining superior optical transparency. This gives consumer electronics manufacturers the design freedom to work with bendable, flexible form-factors without compromising on the clarity consumers have come to expect in touch-screen displays.

A May 2015 survey by Touch Display Research found that the adoption of silver nanowire and metal mesh are accelerating and forecasts ITO-replacement market will grow to 10.9 billion by 2022.

Source: Touch Display Research, ITO-replacement report, May 2015

About C3Nano, Inc.

Founded in 2010 as a spinout from Professor Zhenan Bao’s chemical engineering laboratory at Stanford University, C3Nano is the developer of the solution-based, transparent conductive inks and films as direct replacements for indium tin oxide (ITO). C3Nano raised more than $20MM in funding to date, which has enabled the company to quickly achieve best in class ink formulations and expanded production capabilities. C3Nano is headquartered in Silicon Valley with an industry leading manufacturing base in Korea. Visit www.c3nano.com

###

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Nissha and C3nano Succeed in Joint Development of Next Generation Silver Nanowire Transparent Inks, Powered by C3nano’s ActivegridTM for Smarter, Flexible Touch-Sensor Displays

HAYWARD, Calif., May 08, 2015 (BUSINESS WIRE) — C3nano Inc., the performance leader in transparent conductive films (TCFs) and inks for the touch sensor and display industry, announced today that Nissha Printing Co., Ltd. and C3nano have succeeded in the joint development of next generation silver nanowire (AgNW) transparent inks powered by C3nano’s Activegrid technology. The deal will meet fast-evolving consumer demand for smarter, flexible phones, tablets and large panel displays.

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C3Nano Seals Acquisition of Asia’s Largest Manufacturer of Silver Nanowire—Aiden Co. Ltd. Korea

Deal solidifies C3Nano’s position as a complete solution provider of premium, TCFs for the flexible display, touch sensor, photovoltaic and organic light-emitting diode (OLED) industries.

Hayward, Calif., — April 28, 2015 — C3Nano, Inc., the performance leader in transparent conductive films (TCFs) for the touch sensor and display industry announced today that it has acquired the major supplier of silver nanowire (AgNW) in Asia, Aiden Co. Ltd. of Korea. Recognized as the quality and manufacturing leader in AgNWs, Aiden’s breakthroughs in synthesizing uniform AgNWs at large scale is fueling important innovations in touch sensor applications. In addition to establishing a vertically integrated AgNW supply, the acquisition provides C3Nano a gateway to the critical display market in Korea and greater Asia.

“This deal positions C3Nano with a global footprint to provide the industry’s highest performing transparent conductive ink at manufacturing volumes. We are at scale today.” said Cliff Morris, C3Nano’s CEO. “Our partnership means C3Nano’s Silicon Valley operations can continue to focus on ink production and R&D for advanced formulations while Aiden focuses on what they do better than anyone else—produce at volume the best AgNWs in the world.”

“Our two companies coming together is a perfect fit because of the clear synergies between Aiden’s production capacity and C3Nano’s formidable IP on ink formulations, thin films, processing and devices” said Mr. Jinhaeng Lee, founder and CEO of Aiden Co. Ltd. “Both of our companies share a commitment to maintain the highest standard of product excellence with a united vision to deliver new and unique technologies to the consumer electronics industry and beyond.”

The Aiden acquisition solidifies C3Nano’s position as a complete solution provider of premium, TCFs for the flexible display, touch sensor, photovoltaic and organic light-emitting diode (OLED) industries.

About C3Nano, Inc.

Founded in 2010 as a spinout from Professor Zhenan Bao’s chemical engineering laboratory at Stanford University, C3Nano is the developer of the solution-based, transparent conductive inks and films as direct replacements for indium tin oxide (ITO). C3Nano has raised more than $20 million in funding to date, which has enabled the company to quickly achieve best in class ink formulations and expanded production capabilities. C3Nano is headquartered in Silicon Valley with an industry leading manufacturing base in Korea. Visit www.c3nano.com

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Aiden Acquisition, April 28, 2015

C3Nano Seals Acquisition of Asia’s Largest Manufacturer of Silver Nanowire —Aiden Co. Ltd. Korea

Deal enables rapid production at scale of new era technologies for the touch sensor and display industry

Hayward, Calif., — April 28, 2015 — C3Nano, Inc., the performance leader in transparent conductive films (TCFs) for the touch sensor and display industry announced today that it has acquired the major supplier of silver nanowire (AgNW) in Asia, Aiden Co. Ltd. of Korea. Recognized as the quality and manufacturing leader in AgNWs, Aiden’s breakthroughs in synthesizing uniform AgNWs at large scale is fueling important innovations in touch sensor applications. In addition to establishing a vertically integrated AgNW supply, the acquisition provides C3Nano a gateway to the critical display market in Korea and greater Asia.

“This deal positions C3Nano with a global footprint to provide the industry’s highest performing transparent conductive ink at manufacturing volumes. We are at scale today,” said Cliff Morris, C3Nano’s CEO. “Our partnership means C3Nano’s Silicon Valley operations can continue to focus on ink production and R&D for advanced formulations while Aiden focuses on what they do better than anyone else—produce at volume the best AgNWs in the world.”

“Our two companies coming together is a perfect fit because of the clear synergies between Aiden’s production capacity and C3Nano’s formidable IP on ink formulations, thin films, processing and devices,” said Mr. Jinhaeng Lee, founder and CEO of Aiden Co. Ltd. “Both of our companies share a commitment to maintain the highest standard of product excellence with a united vision to deliver new and unique technologies to the consumer electronics industry and beyond.”

The Aiden acquisition solidifies C3Nano’s position as a complete solution provider of premium TCFs for the flexible display, touch sensor, photovoltaic and organic light-emitting diode (OLED) industries.

About C3Nano, Inc.

Founded in 2010 as a spinout from Professor Zhenan Bao’s chemical engineering laboratory at Stanford University, C3Nano is the developer of the solution-based, transparent conductive inks and films as direct replacements for indium tin oxide (ITO). C3Nano has raised more than $20 million in funding to date, which has enabled the company to quickly achieve best in class ink formulations and expanded production capabilities. C3Nano is headquartered in Silicon Valley with an industry leading manufacturing base in Korea. Visit www.c3nano.com.

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C3Nano’s Ajay Virkar to Present at Printed Electronics USA

Hayward, CA – Nov. 18, 2014 – C3Nano announced today that Co-founder and Chief Technology Officer, Ajay Virkar, PhD, will present on Advanced Materials for Transparent Conducting Films at IDTechEx’s Printed Electronics USA in Santa Clara, CA on Nov. 20.

Dr.Virkar’s presentation will discuss strategies for improving the performance of nanoscale transparent electrodes, next generation applications for conductive ink and film products. He will also introduce the company’s Active-grid™ technology, including performance metrics and current and future applications.

Dr. Ajay Virkar is the Co-Founder and CTO at C3Nano Inc. He completed his PhD in chemical engineering from Stanford University. He was awarded the Springer prize for organic semiconductor thin film growth for high performance plastic (carbon-based) electronics and the Melvin P. Klein prize for structure-property relationships of ultrathin films in collaboration with the Stanford Linear Accelerator. He has co-authored 13 technical papers, has 3 issued patents, and 12 pending.

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Suzanna Gratz, publicist

suzanna@inspiringpromotions.com

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C3Nano Closes Series C Funding Round

Hayward, CA – Nov 5, 2014 – C3Nano, the developer of the nanomaterial-based, solution coat-able transparent conductive material Active-grid™, announced today that it has raised $12M in Series C funding. The round was led by Nagase America Corporation and a yet to be disclosed large-cap global industrial company. The round also included new funding from existing investors GSR Ventures and Phoenix Ventures Partners (PVP) to support continuing market development, and private investment group Hongguo International Holdings Limited.

The company plans to use the new funding to expand its manufacturing capacity and organization at the company’s Hayward, CA based facility to keep up with demand for its recently launched Active-grid™. The funding will also support R&D of several complementary advanced materials and new products.

“With Nagase’s leading position in the display and touch panel industry, and the deep background and operations of our undisclosed industrial partner, we see a clear path to expanding our reach into key markets and regions, so we are excited about deepening these relationships with our strategic investors,” said Cliff Morris, CEO at C3Nano. “Their investments demonstrate a great vote of confidence in our technology and our people, and we’re looking forward to working closely with both companies”.

C3Nano’s Active-grid™ technology is an industry leader in transparent conductors offering best conductivity and optical performance along with solution coat-ability and environmental durability unmatched by ITO and other alternatives.

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Suzanna Gratz, publicist

suzanna@inspiringpromotions.com

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C3Nano to Present Previously Unpublished Data at FINETECH Japan 2014

Hayward, CA – April 3, 2014 – C3Nano announced today that Co-founder and Director of Technology, Ajay Virkar, PhD, will present the company’s latest breakthroughs for its transparent conductive materials at FINETECH Japan in April. FINETECH is the world’s leading conference and exhibition on Flat Panel Display with an expected attendance of over 50,000.  C3Nano has demonstrated previously unprecedented results with its ActiveGrid™ technology.

“ActiveGrid achieves best in class performance as a direct ITO replacement,” said Virkar. “ActiveGrid based transparent electrodes show sheet resistance values as low as 35 ohm/sq with less than 1 percent haze and greater than 90 percent transparency (including film substrates). This performance has verified by several Japanese, Korean and US customers and have led to two major Joint Development Agreements in the past 12 months.”

C3Nano will also showcase its new C3D™ technology based on transparent conductors, which can be formed into a variety of 3D shapes while still maintaining excellent optoelectronic properties.  C3D™ has received significant interest from materials suppliers and sensor and display companies.

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C3Nano Raises $6.7 Million Series-B Funding Led By Phoenix Venture Partners

Funding Accelerates Commercialization of Proprietary Carbon-based Transparent Conductor as Alternative to Indium Tin Oxide for Consumer Electronics

HAYWARD, February 15, 2012: C3Nano, Inc, a Silicon Valley startup developing a nanomaterials-based transparent conductive film, has raised US $6.7 million in Series-B financing led by Phoenix Venture Partners, with participation from existing investor, GSR Ventures. To date, C3Nano has raised in excess of US$10 million. C3Nano’s disruptive carbon hybrid-based ink and film is gaining significant market acceptance and is in evaluation with several industry leaders in Asia. This new round of funding will support C3Nano’s plans to expand its engineering capability, complete its ink product, and scale to production. In conjunction with the financing, Dr. Nobi Kambe of Phoenix Venture Partners will join the company’s Board of Directors.

“We’re very pleased to have the support of Phoenix Venture Partners and GSR Ventures,” said Cliff Morris, chief executive officer of C3Nano. “Over the past year we’ve made significant inroads with customers who are validating and engineering our materials into their applications. Our customers view us as a legitimate lower-cost alternative to indium tin oxide (ITO). Our technical and commercial success has helped gain the support and confidence of top tier investors. With their global outlook and deep understanding of the technical materials market, we feel we have a strong strategic advantage.”

Printable conductive inks offering high levels of performance are becoming a viable option for transparent conductors, and C3Nano is poised to disrupt this market with its proprietary films and inks. Distinct from other conductive materials based on carbon nanotubes, C3Nano has taken a hybrid approach to address fundamental issues – such as conductivity – that can exist with other carbon nanomaterial options. The company’s carbon-based conductive inks offer the industry a high performance, low cost solution. Unlike ITO, C3Nano’s transparent conductive materials are remarkably robust, making it an attractive option for emerging flexible and stretchable electronics.

“Globally, designers of next generation consumer electronics are demanding improved transparent conductive materials,” stated Nobi Kambe, general partner at Phoenix Venture Partners. “We are very excited to add such a strong nanomaterials driven company to our portfolio. C3Nano’s carbon-based platform technology has the potential to become the preeminent alternative to ITO, and we look forward to working with them to complete product commercialization of their ink technology.”

According to DisplaySearch, the transparent conductive film market will be $10 billion by 2016. This is primarily driven by the display, touch panel, smart-phone, tablet and thin film solar industries.

“Since our initial investment in C3Nano in 2010, we’re very pleased to see the tremendous progress the company has made,” said Kevin Yin, partner at GSR Ventures and C3Nano board member. “The market for an alternative conductive material to ITO continues to draw a lot of attention. C3Nano’s unique carbon-based technology has demonstrated strong potential to emerge as the best alternative to ITO for a large number of applications.”

About C3Nano

Headquartered in Hayward, California, C3Nano is an early stage venture backed startup developing a revolutionary new transparent electrode material for applications including flexible displays, touch screens, solar cells and smart windows. C3Nano was founded in January 2010 based on research and technology developed by Dr. Melbs LeMieux, Director of Materials and Process Engineering, and Dr. Ajay Virkar, Director of Research and Development, with Prof. Zhenan Bao, a member of C3Nano’s Board, at Stanford University. C3Nano won the 2010 MIT Clean Energy Prize, and the 2010 NASA Game Changer Technology Award. To date C3Nano has raised in excess of $10 million. For more information, please visit c3nano.com.

About Phoenix Venture Partners

Phoenix Venture Partners (PVP) is a leading venture capital firm that invests in and partners with entrepreneurs to commercialize breakthrough materials science innovations. PVP’s team has a track record of founding, building and investing in successful materials science start-ups. The firm’s investment strategy is flexible and predicated on assisting entrepreneurs with customer and supply chain partnerships, business development, as well as strategic and operational support. PVP collaborates with a select set of forward-looking global corporations on business development and innovation interests. PVP is based in Silicon Valley with satellite offices in Singapore and Cambridge, MA. For more information, please visit www.phoenix-vp.com.

About GSR Ventures

GSR Ventures is a venture capital fund focusing on investing primarily in high-tech start-up companies with significant operations in China and serving the worldwide market. GSR currently has over US$1 billion under management and has offices in Beijing and the Silicon Valley. For more information, please visit gsrventures.com.

CONTACT:

Suzanna Gratz, publicist

suzanna@inspiringpromotions.com

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