Primet Named one of the New York Green Tech 50 Companies; Over $29 Million Raised

Primet Precision Materials, Inc. - Ithaca, NY

October 03, 2012

Green Capital Empire has named Primet Precision Materials, Inc. one of the New York Green Tech 50 companies for 2012. This list includes the top most promising privately-held green tech companies in New York State. Primet has raised more than $29 million including a Series D funding round in June 2011. Primet’s investors include Morgan Stanley, Cayuga Venture Fund, Onondaga Venture Capital Fund, NYSTAR, and numerous individual investors. Other blue-chip investors include Dow Chemical, Draper Fisher Jurvetson, and Tomoe Engineering.

Primet, a 32-employee company (as of May 2013) based in Ithaca, has launched NanoScission®, a novel low cost particle processing technology that can be used to produce high-performance battery materials. Traditional chemical technologies to make small particles consume large amounts of energy and produce inconsistent materials. They are extremely capital intensive in equipment cost, manufacturing space needs and energy consumption. Primet’s environmentally-friendly process technology offers savings up to 85% in capital and operating costs for electrode material production, and with lower-cost raw materials than the industry uses today.

For more information, read Primet Precision Named a Top Green CompanyLink opens in new window - close new window to return to this page..

Primet Precision Materials, Inc.Link opens in new window - close new window to return to this page.
950 Danby Road, Suite 90
Ithaca, New York 14850

Media Inquiries