ATEL Ventures, Inc. is pleased to announce that it has committed to a $1 million capital lease facility with Primet Materials and has separately made a $250,000 equity investment in the company. Both transactions closed on September 12, 2008. The $250,000 equity investment extends the Series B financing the company completed earlier in the year. ATEL Ventures joins Morgan Stanley & Co., Draper Fisher Jurvetson and Cayuga Venture Fund as investors in the company. “Primet offers a compelling process technology platform for many markets, and we are pleased to work with Primet to satisfy their long-term equipment financing needs,” said Steven Rea, Executive Vice President at ATEL Ventures. “We are also excited to be an investor in the company and are impressed by both the results Primet has already achieved and their tremendous...
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