Ecer Technologies Retains Global Growth Partners in Strategic Advisory Role
West Virginia based Ecer Technologies has engaged Global Growth Partners as advisors in the procurement of first round equity investment capital and other strategic consulting services.
Charlotte, NC (PRWEB) November 23, 2004 -- West Virginia based Ecer
Technologies has engaged Global Growth Partners as advisors in the procurement
of first round equity investment capital and other strategic consulting
services.
According to the agreement, Global Growth Partners will raise
up to $2 million in private funding for scaling operations. Utilizing its
ultra-efficient, mechanically robust and environmentally friendly metal/ceramic
technology, Ecer will help provide the global market with a unique lighting
solution.
During a six-year period of R&D, Ecer Technologies has
perfected a breakthrough in solid-state lighting designated “ElectroCeramescent”
(EC) lighting. This new technology combines a glare-free, low profile, durable
and energy efficient lighting source with the shape and size versatility for all
indirect and backlit applications. The new generation EC panels also alleviate
common lighting issues such as high operating and maintenance cost, structural
design limitations, unsightly "hot spots" and constrictive space requirements
within adverse operating environments. Ecer provides a unique solution to the
$10bn US lighting market and burgeoning dark sky provisions; a typical EC auto
license-sized flat lighting panel has power consumption equivalent to a single
Christmas tree light bulb. "We are extremely pleased to cement our partnership
with Ecer Technologies; the company offers a unique solution, providing
environmentally friendly, ultra-efficient lighting to the world", commented
Jason Patterson, Managing Partner, Global Growth Partners.
Ecers
ElectroCeramescent technology was co-developed by Meadow River Enterprises,
North American Ventures, US Department of Energy, Rahall Transportation
Institute, the West Virginia Economic Development Office and Marshall
University. www.ecer.area125.com
Global Growth Partners (GGP) is a
boutique Investment Banking firm specializing in growth and exit strategies for
emerging and mid-market companies. Primary services include merger and
acquisition advisory, private placements, business valuations, market
intelligence and global strategic alliance consulting. GGP maintains head office
in Charlotte, NC and partner offices in London, England.
For more
information, contact:
Global Growth Partners, Inc.
Michael
Foster
704-367-1448
e-mail protected from spam
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www.GlobalGrowthPartners.com
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Source : http://www.prweb.com/releases/2004/11/prweb181269.htm