January 31, 2012 – BUSINESS WIRE — Cambrios Technologies Corporation, transparent conductor developer, appointed John LeMoncheck as president and CEO, and announced a $5 million Series D-3 financing round from Samsung Venture Investment Corporation. Dr. Michael R Knapp, Cambrios founding president and CEO, led the CEO search and will now become chairman.
Cambrios will use the funding and strategic leadership to accelerate product introductions and commercial growth in multiple consumer electronic device markets.
LeMoncheck’s background includes technology and consumer electronics industries and forging commercial partnerships. As president and CEO of SiBEAM, a pioneer in 60 GHz-based millimeter wave wireless technology, LeMoncheck developed the company into a leader in multi-gigabit communications for the consumer electronics market and successfully led the acquisition of the company by Silicon Image (NASDAQ:SIMG). Prior to SiBEAM, he was vice president of Consumer Electronics and PC/Display Products for Silicon Image, where he led to the company’s successful launch and commercialization of the HDMI standard, now used in over 2 billion devices as the preferred digital conductivity solution for consumer devices. He’s also served in roles at TeraLogic, Arithmos Inc., and Synaptics. He holds a bachelor’s degree in electrical engineering from UC San Diego and researched VLSI for imaging and pattern recognition applications at Caltech.
Cambrios’ transparent conductor solutions offer leading-edge optical and conductive properties for the touch, display, photovoltaic and lighting markets, LeMoncheck said.
Samsung Venture Investment Corporation’s $5 million investment follows close discussions for collaboration on important and valuable projects with the Samsung Group over the past several years. "This is a very important milestone for the overall penetration of ClearOhm materials in our target markets," said LeMoncheck.
Cambrios ClearOhm is a coating material for plastic or glass, and an alternative to vacuum-deposited ceramic materials such as indium tin oxide (ITO). It can consistently achieve better transmission and resistance than ITO, Cambrios asserts. The product is available already deposited on PET film or another substrate, or as a transfer film.
Cambrios makes nanotechnology-based transparent electrodes for consumer device electronics. Learn more at www.cambrios.com.