City loan helps technology company move to Baltimore

Pixelligent Technologies relocating to Holabird Business Park

May 25, 2011|By Andrea K. Walker, The Baltimore Sun

Pixelligent Technologies LLC will relocate its headquarters and manufacturing facility to Baltimore from College Park with the help of a $200,000 loan from the Baltimore Development Corp.

The company, which manufactures nanocrystal additives for the electronics and semiconductor markets, will move into the Holabird Business Park. The Baltimore Board of Estimates approved the five-year loan with a 5 percent interest rate at a meeting Wednesday.

Pixelligent said it plans to employ 25 people by the end of the year and 150 by the end of 2015.

Pixelligent, which was formed in 2000, has invested almost $9 million researching and developing its nanocomposite technology, for which it has 10 issued and 10 pending patents.

The company has been awarded more than $11 million in federal projects in the last four years. Since February 2009 it has raised approximately $4.6 million in equity financing.

andrea.walker@baltsun.com

Twitter.com: ankwalker

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