Cambrios Technologies Corp. has announced the company has raised an additional US$ 5 million Series D-3 financing from Samsung Venture Investment and appointed John LeMoncheck as President and CEO. Both announcements are expected to advance Cambrios' efforts to accelerate product introductions and commercial growth in multiple consumer electronic device markets. Dr. Michael R Knapp, Cambrios founding President and CEO, will become Chairman.

According to Cambrios the $5 million investment will be critical in the advancement of Cambrios' objective to achieve commercial growth. In the lead-up to this investment, Cambrios was in close discussions for collaboration on important and valuable projects with the Samsung Group over the past several years.

Clint Bybee, current board member and managing partner at ARCH Venture Partners, an investor in Cambrios, said, “Adding John to the Cambrios executive team was the culmination of an extensive search led by previous CEO and now Chairman, Michael Knapp.” Clint added, “We welcome John and thank Mike for his leadership of the company, and for helping us recruit a world-class CEO to propel the next phase of Cambrios' growth.”

Dr. Leighton Read, current board member and a partner at Alloy Ventures, an investor in Cambrios, said, “John's successful track record of collaborating with customers and developing essential industry-wide partnerships makes him the ideal candidate to lead and help cultivate new relationships for Cambrios.”

John LeMoncheck, Cambrios' new president and CEO., “Cambrios has a unique opportunity resulting from its breakthroughs in the development of transparent conductor solutions with leading-edge optical and conductive properties.” John, added, “The company is poised to transform the touch, display, photovoltaic and lighting markets by enabling new and exciting consumer electronics applications. I look forward to working with the team to quickly make this a reality.”

Dr. Dong Su Kim, Investment Director, Samsung Ventures, America, said, “Cambrios leads the market with the development of an alternative to vacuum-deposited ceramic materials such as ITO. It has built a significant business in developing ground-breaking products using nanotechnology.” Dong Su, added, “John LeMoncheck's excellent business vision and Cambrios' technical accomplishments have led to innovative products that are critical to driving increased adoption of ClearOhm(TM) materials. We look forward to contributing to Cambrios' continued progress in powering various consumer electronics applications with its ClearOhm(TM) technology.”

www.cambrios.com www.samsungventures.com