Excell Partners Inc. has provided investment capital to Graphene Devices Ltd., a material science company at Eastman Business Park, officials announced Monday. The amount of the investment was not disclosed. Graphene Devices develops proprietary capabilities for managing graphene surface chemistries, which will improve performance in printed electronics, energy storage devices, advanced composites and anticorrosive coatings, officials said.
Graphene Devices also has received funding from federal and state agencies.
"These investments validate the market potential of this technology and provide value-added support to Excell's investment," Excell CEO Theresa Mazzullo said in a statement. "We are also pleased to have this company co-located with Excell on the Eastman Business Park campus where material science technologies have access to the very best tools and expertise to accelerate the company's growth."