APJeT closes on $3.5M investment
December 2008
“Affiliated Plasma Jet Technologies (APJeT Inc.) has closed on a $3.5 million investment from Connecticut-based Centripetal Capital Partners.
Santa Fe-based APJeT – which formed in 2002 with technology licensed from Los Alamos National Laboratory – has developed a proprietary process that allows fabric manufacturers to use a blast of ionized gas to make textiles resistant to water, stains and other substances.…The company is marketing its technology to the textile industry, including manufacturers of sportswear and fabrics for medical use.
APJeT previously received about $3.3 million from three sources…[as well as] $100,000 from LANL’s Venture Acceleration Fund and a $700,000 Small Business Technical Research (SBTR) grant from the U.S. Air Force.” New Mexico Business Weekly
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