In This Issue:

- Leaders in the News

- Innovator Profile

- Event Highlights

- Washington Update

- Energy Navigator

- Upcoming Events

- Excerpt from Leaders in the News:

Congratulations to our client, NanoSteel, for receiving a $10 million venture loan facility from Horizon Technology Finance to support the continued development and commercialization of NanoSteel’s advanced portfolio of patented steel alloys. NanoSteel is a privately held company founded in 2002 as a spinoff of the US Department of Energy’s Idaho National Laboratory. The company specializes in the design and commercialization of steels with exceptional mechanical properties derived from their nano-scale microstructure.

At the beginning of June, with the help of a dedicated Mintz Levin team, NanoSteel secured $10 million in funding to go towards general working capital purposes — a deal that represents a significant accomplishment for the company. David Paratore, President and Chief Executive Officer of NanoSteel, stated, “We welcome the financial partnership of Horizon, an experienced venture lender with a strong balance sheet and long track record of supporting dynamic growth-oriented companies, such as ours. Horizon’s $10 million venture loan facility provides us with growth capital to achieve near-term commercial scale and product qualification milestones.” NanoSteel focuses primarily on proprietary alloys for use as sheet steel in automotive lightweighting applications and metal powder for 3D printing of industrial parts. Since its founding in 2002, NanoSteel has developed multiple generations of ferrous materials innovations including metallic coatings, powders, and sheet steel protected by over 400 patents filed or granted worldwide.