Greg Babe, former president and CEO of Bayer Corporation, has been named CEO of Liquid X Printed Metals Inc., a Carnegie Mellon University startup company. Liquid X also announced Wednesday the closing of a Series A financing round. The amount of the funding round was not disclosed.
The money will be used to continue development of Liquid X’s metallic conductive ink technology, which allows the printing of metal traces and films on to a number of applications, including medical devices and consumer electronics components.
The company was founded in 2010 by Richard McCullough, a noted CMU researcher and entrepreneur, along with first investor Bill Newlin and John A. Belot, scientific officer of the company and a visiting associate professor at CMU. Newlin also led the latest funding, and other investors included Innovation Works.
Babe retired from Bayer in 2012 and has been CEO of Orbital Engineering for about a year.
“Today, and at an increasing rate in the future, electronics products across all industries, from consumer to medical device and industrial sectors, will require thinner, more powerful and robust, and more adaptable technologies for the full range of applications,” Babe said in a prepared statement. “Liquid X will enable product designers and manufacturers to more cost-effectively maximize the capabilities of metallic conductive technology.”
Louis A. Corsaro, Asst. Managing Editor | July 3, 2013
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