...WoodRock Securities, L.P. to Assist in Raising Private Equity
Funds to Be Used to Commercialize Sensor Technology
Press Release: Applied Nanotech Holdings, Inc. – 31 minutes agoAUSTIN, TX--(Marketwire - Feb 26, 2013) - Applied Nanotech Holdings, Inc. ( OTCBB : APNT ) announced that its subsidiary, EZDiagnostix ("EZDx"), has retained WoodRock Securities, L.P., a Houston, Texas-based investment banking firm ("WoodRock"), to assist the company in arranging capital. EZDx expects to raise $5 - $15 million from family offices, private equity, venture capital, or other institutional sources to accelerate commercialization of its novel sensor technology.
WoodRock is a boutique investment banking firm which focuses on growth and middle market companies. WoodRock has assisted companies in the agricultural and healthcare market sectors -- the two key areas that are the focus of EZDx activities. WoodRock has global contacts with, family offices, private equity, venture capital, and corporate investors.
EZDx will use the capital raised to commercialize its agricultural and healthcare products. EZDx has made extensive progress in the agricultural market and is in the final step of optimizing its prototypes for repetitive manufacturing at a minimized cost which is much needed in the market place. These funds will allow EZDx to move toward contract manufacturing, develop a number of biomarkers, add talent, and further develop and implement the first medical applications.
"We are pleased to have WoodRock serve as the company's financial advisor," said Alan Jernigan, President & CEO of EZDx. "The driving force behind engaging a firm like WoodRock is the fact that they are a great fit for our needs, have a proven track record, and focus on growth companies. WoodRock's experience, talent, contacts, and knowledge should assist us in achieving our goals and objectives and move EZDx to the next level of success. We look forward to a mutually beneficial relationship with WoodRock while providing value to our current and future shareholders in the process."
