Nitride Solutions Inc., a company based in Wichita, Kansas that develops products for light-emitting devices (LEDs), lasers and electronics, has secured a total of $1.8 million in funding from the Nebraska Angels and investment groups in Kansas and California.
Nitride Solutions will produce substrates that are used to build electronics such as DVD players, TVs, and other LED products. The company’s innovation in technology will create aluminum nitride substrates at a high volume and a low cost while improving on the defect rate of current products on the market. The product will help manufacturers lower their costs while increasing the efficiency of power systems in hybrid vehicles, improving consumer and industrial lighting, sharpening color on flat-screen TVs, and enhancing air and water purifiers. Nitride will use the funding to begin manufacturing and sales by the end of 2011.
“Nitride Solutions’ novel method of creating substrates will change the market,” said Karen Linder, co- deal lead for Nebraska Angels in Lincoln. “The technology is revolutionary, and the leadership team has the commercial experience and the scientific skills that will make the company successful.”
Nebraska Angels President, John Brasch said, “Nitride Solutions is a technology play with exciting possibilities. We are fortunate to have the opportunity to invest in their proposal. This was our first instance of investing with our peers from Kansas angel groups. We look forward to their co-investing with us in future Nebraska based startup company opportunities.”
Founded in 2009, Nitride Solutions is led by president and CEO Jeremy Jones, who has 30-plus years of experience in advanced materials businesses and COO Jason Schmitt, who has worked with this technology for 14 years.
Lou Halperin and John Brasch discussed the Nebraska Angels on KFOR on March 16, 2010. This is only a portion of the interview, due to technical difficulties.
Angels member Jay Wilkinson discusses angel investing on the web site of Silicon Prairie News, an Omaha-based group provide information to entrepreneurs and creative types across the state. Nice interview, Jay!
Angels-funded company SkyVu Pictures made the Top 10 in the iPhone App Store for September 2009 with more than one million downloads of its latest project.
The Omaha company released Battle Bears with both paid and free versions. The 3D action shooter game is taking the country by storm and has received attention locally, nationally and across the Internet. SkyVu has been updating the world on success of the game using its own web site and pages on Facebook and Twitter.
SkyVu Pictures Inc. is an American animation studio based in Omaha, Nebraska with studios in Singapore and Vietnam. SkyVu specializes in creating original character franchises for film, TV, and mobile games. SkyVu was founded by animator Benjamin Vu and his brother Hoa Vu who manages the company’s Asia operations.
SkyVu Pictures is the studio that never sleeps. SkyVu’s international animation production system allows the studio to create high quality animation at more cost effective rates than larger traditional animation studios. The studio specializes in computer animation using the latest high-performance hardware and cutting edge animation software.
SkyVu Pictures is financially backed by the Nebraska Angels investment group that includes successful entrepreneurs and executives in the Midwest.
Targeted startup include agricultural, tech and health care industries with Nebraska ties.
We’re actively seeking deals with ties to Omaha, Lincoln and other locations in Nebraska.