Houston Texas based Syzygy Plasmonics is raising $76,000,000.00 in New Equity Investment.
Houston, TX – According to filings with the U.S. Securities and Exchange Commission, Syzygy Plasmonics is raising $76,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Trevor Best played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Syzygy Plasmonics
Syzygy Plasmonics is commercializing a radical new technology developed at Rice University. Our technology enables us to turn traditional catalysts into high efficiency photocatalysts. This conversion allows us to produce chemical reactors that are powered by light instead of burning fuel and operate at up to 1,000 degrees Fahrenheit lower temperature than conventional chemical reactors. Through this we can dramatically reduce the cost of chemicals produced while simultaneously reducing emissions associated with their production. Currently we are capable of performing multiple different chemical reactions and plan to enter the market with photocatalytic steam methane reforming to generate hydrogen gas. Hydrogen gas made through our process will reduce costs for industry and also help enable the expansion of the hydrogen fuel cell vehicle market.
To learn more about Syzygy Plasmonics, visit http://www.plasmonics.tech/
Contact:
Trevor Best, Chief Executive Officer
346-571-3647
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