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Photos: Advanced Electron Beams Raises $14.2 Million From GE, Flagship Ventures & Others for Market Penetration and Development of New Energy-Efficient Manufacturing Applications.

Publication: PR Newswire
Publication Date: 04-AUG-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
WILMINGTON, Mass. and STAMFORD, Conn., Aug. 4 /PRNewswire/ -- Advanced Electron Beams (AEB), whose compact electron beam technology helps traditional manufacturers become more environmentally sustainable while improving profitability, and GE Energy Financial Services, a unit of GE announced today the close of a $14.2 million Series C financing, bringing AEB's total amount raised to more than $50 million since October 2005. The new round was led by Flagship Ventures with participation from existing investors: GE, Atlas Venture, General Catalyst Partners, RockPort Capital Partners and Agman Partners. The latest funding will help accelerate sales growth in sustainable packaging markets and develop new electron beam applications to support clean, energy-efficient manufacturing.

To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/aeb/39403/

"This investment supports the development of AEB's...

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