Menlo Park, CA – According to filings with the U.S. Securities and Exchange Commission, Matrix Industries is raising $13,120,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Akram Boukai 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 Matrix Industries

MATRIX is at the forefront of thermoelectric innovation. Our technology generates electricity from temperature change. And we create cooling from electricity, with no moving parts. Matrix Industries is a Silicon Valley materials science pioneer founded in 2011 that is committed to radically re-inventing the power equation for IoT and wearables. The team of experts in thermoelectric material science, thermal engineering, and consumer product development and manufacturing, consists of Ph.D. graduates from CalTech, MIT, Harvard and UCSD, and 25+ years of experience in manufacturing and shipping leading technology.

To learn more about Matrix Industries, visit http://www.matrixindustries.com/

Contact:
Akram Boukai, Chief Executive Officer
408-579-9210
boukai@matrixindustries.com

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