$10M fund secured by Shocking Technologies
17 August 2009Shocking Technologies Inc., a private company engaged in the development and marketing of Voltage Switchable Dielectric TM (VSDTM) material. VSDTM is a polymer nanocomposite used for various applications including electrostatic discharge protection LED’s, cell phones and other semiconductor devices.
These nanocomposite acts like an insulator and conductor in two different operating conditions and thus acts like a switch. Actually during normal circuit, the nanocomposite behaves like an insulator and once the voltage across the VSDTM increased beyond the threshold limit, it acts as a conductor and reverts back to the original insulator condition as soon as the voltage drops below threshold voltage.
The first application of this patented technology was introduced in embedded electrostatic discharge protection where it was used in printed circuit boards and semiconductors and recently Shocking Technologies has raised another $10 Million in second round of funding.
The new funding will be utilized for building the manufacturing infrastructure and part of it will be used for further development work. The company is hopeful to launch the products in coming months and initial products will be used in cell phones and flash drives.
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