Starfire Systems, Inc., located in the Saratoga Technology + Energy Park, announced today that Harris & Harris Group, Inc. has exercised its option to invest an additional $500,000 in privately held Starfire Systems. Harris & Harris Group is a publicly traded venture capital company that makes initial investments exclusively in tiny technology, including nanotechnology, microsystems and microelectromechanical systems (MEMS).
This follow-on investment in Starfire will assist in the manufacturing and commercialization of Starfire's unique ceramic-forming polymer technologies targeting applications in microelectronics, automotive and aircraft friction materials, and aerospace systems.
Richard Saburro, President and CEO of Starfire Systems commented, "We are delighted with the decision by Harris & Harris Group to increase their stake in our company. They have been a valuable partner and we look forward to continuing our relationship with the common goal of growing Starfire into a major force in the world of nanostructured ceramics."
Starfire Systems, Inc. develops and manufactures high performance nanostructured silicon carbide ceramic products and materials using their proprietary liquid polymers. Starfire's polymers yield nanostructured ceramics with superior properties and offer unique processing and design advantages. The company's products include ceramic composite brakes for transportation; packaging substrates and thin film coatings for microelectronics; rocket engine components and thermal protection systems for aerospace; and tower packing for the purification of chemicals for semiconductor chip fabrication. Starfire's polymer based manufacturing technology allows advanced ceramics to become a cost competitive solution where essential properties include high temperature strength, thermal stability, light weight, and wear and corrosion resistance.
For more information about silicon carbide, click here.