Cleveland, Ohio – October 29, 2007 – Five Star Technologies, Inc. (“Five Star”), a leading developer of advanced electronics materials, announces the completion of a US$2MM venture loan from Toronto-based MMV Financial Inc. Five Star is a supplier of high-performance inks and dispersions for use in electronics packaging and assembly operations. Five Star dispersions of conductive, sub-micron and nanoscale particles offer unparalleled stability and uniformity that helps customers significantly improve electrical and thermal performance.
"These funds will be used by Five Star to continue development and commercialization of advanced materials, such as specialty dispersions and high performance inks. Our customers will see immediate returns as they integrate these new materials into their production lines” said Gerry Weimann, Chief Executive Officer of Five Star. “MMV quickly saw the value of our innovative technology and we are pleased to have them as a financial partner.”
“We are very impressed with both the unique technology Five Star has developed and the numerous commercial applications underway” said Greg Dimmer, Senior Vice President, MMV Financial Inc. “Five Star represents an opportunity for us to invest in a well managed, well supported advanced materials company with significant commercial opportunity.”
Five Star Technologies Inc. is a privately held company based in Cleveland, Ohio, with investment from Morgenthaler Ventures, Industrial Technology Ventures, Early Stage Partners, CTTV Investments and Reservoir Venture Partners.
About Five Star Technologies Inc.
Five Star Technologies is a supplier of high-performance dispersions, inks and pastes used in semiconductor and microelectronic packaging, displays, photovoltaics and ceramic component applications. Combining its patented hydrodynamic cavitation process with innovative chemistry, Five Star creates precision dispersions of a wide range of materials, enabling the printing of finer circuit features with enhanced performance profiles. The ElectroSperse™ line of inks and pastes features a range of products with excellent printability, high levels of conductivity, strong adhesion to a variety of substrates, and RoHS compliance. For more information, please visit Five Star Technologies website at www.fivestartech.com.
About MMV Financial Inc.
MMV Financial is a Toronto-based specialty finance company providing creative debt solutions to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Quebec, NewStar Financial Inc, and Wells Fargo Company. For more information visit: www.mmvf.com
Senior Vice President
MMV Financial Inc.
Gerard R. Weimann
Five Star Technologies, Inc.