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JumpStart Invests $350,000 in Nano Company

Tuesday, January 15, 2008

Provided by Crain's Cleveland Business
Written by Shaheen Samavati

Cleveland-based Advanced Materials Technology International LLC has received a $350,000 investment from JumpStart Inc. to help develop and commercialize fast-drying inks and coatings.

AMTI makes energy-curable inks and coatings using nanotechnology. AMTI's method of producing smaller particles and evenly suspending them in liquid results in improved color quality and durability, as well as easier application, according to JumpStart.

The company's product is solvent-free and energy curable, which makes drying time much less and requires less space for air-drying large pieces. AMTI's unique, proprietary process is environmentally friendly and provides durability superior to standard application methods, JumpStart said.

Marc Insul, a JumpStart entrepreneur-in-residence, will work with the company's management in an advisory role, JumpStart said.

"AMTI is positioned at the forefront of a changing marketplace for energy-curable inks and coatings," Byron Hahn, chief operations officer of AMTI, said in a written statement. "Utilizing the assistance and resources of JumpStart will enable us to take advantage of this technology lead."

The award marked JumpStart's 36th investment in 26 companies, the venture development organization said Tuesday.