Acumentrics takes in $2.5M for fuel cells
Westwood, Mass.-based fuel cell developer Acumentrics Holding Corp. has reported selling $2 million in equity, options and warrants as part of a $2.5 million second funding round, according to a filing with the U.S. Securities and Exchange Commission.
The 17-year-old Acumentrics has two subsidiaries. Acumentrics RUPS provides rugged uninterruptible power supplies for military and industrial power conditioning, backup, and other mission critical applications, according to the holding company, which said it has more than 60,000 units deployed globally. The second subsidiary is Acumentrics SOFC , which develops solid oxide fuel cells with a fuel-flexible, tubular ceramics-based technology.
Today’s filing lists as directors the same individuals and organizations involved in the company’s $1.5 million funding in 2009. In 2008 the company received a $15.6 million grant from the U.S. Department of Energy for fuel cell development.
Read more in the Boston Business Journal.
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