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Novolyte Technologies is a privately held company that manufactures energy storage products and performance materials. Its technologies are used in both disposable lithium batteries and rechargeable lithium-ion. In addition, Novolyte also produces a line of solvents for a broad range of uses, from industrial applications to making cancer treatment drugs to gold recovery. Novolyte Technologies also manufactures and designs custom materials, which include a line of aryl phosphines.
| Company Tags: | PE Backed VC Backed |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 1YR Employee Growth Rate: | View % |
| City: | Cleveland |
| State/Province: | Ohio |
| Country: | United States |
| Phone: | View |
| Website: | www.novolyte.com |
| Technology |
| Clean Energy Technology > Batteries & Energy Storage > Lithium-Ion Batteries |
| Manufacturing & Industrial > Chemical Manufacturing > Specialty Chemical Manufacturing |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
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| * | Novolyte Technologies fiscal year end: 12/31 |
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$99 Single Company AccessInstant Full Site-Wide AccessNovolyte Technologies Revenues ($ MM): |
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$99 Single Company AccessInstant Full Site-Wide Access| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Oct. 2008 | Completed | View | View | Acquisition Leveraged Buyout (LBO) Spin-Off | View |
| Details | Sep. 2009 | Completed | View1 | View | Joint Venture / Partnership Formed | View |
| 1 | In addition to supplying technology...Read More → |
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$99 Single Company AccessInstant Full Site-Wide Access| Date | Investor | Round | Investor Type | |
| Nov. 2008 | View | Other | Corporate | |
| Details | Total Round Other1 View | |||
| Aug. 2009 | View | Other | Government | |
| Details | Total Round Other2 View | |||
| Dec. 2009 | View | Other | Quasi-Government Organization | |
| Details | Total Round Other3 View | |||
| Total of Funding Shown Above View | ||||
| 1 | The investment consisted of...Read More → |
| 2 | The funds are to be...Read More → |
| 3 | The funding was made in...Read More → |
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$99 Single Company AccessInstant Full Site-Wide AccessHistory:
Novolyte Technologies was formed when Arsenal acquired the Fine Chemicals from Ferro Corp. in the fourth quarter of 2008. Fine Chemicals was previously an operation division of Ferro Corp., listed under its “Other Businesses” reportable segment in conjunction with its Pharmaceuticals division. As such, financials for the two divisions can be found in Ferro Corp’s 10-Q and 10-K filings under “Other Businesses” up to the fourth quarter of 2008.
August 2009: Novolyte Receives Stimulus Funds from U.S. Department of Energy
Novolyte received $20,618,047 in stimulus funding from the U.S. Department of Energy to expand its North American electrolytes plant in Baton Rouge, LA. The project is to be completed in two phases and is scheduled to start April 30, 2010 and to be completed on April 29, 2015. The total budget for the project is $41,236,094, with Novolyte taking the remaining $20,618,047. Phase I would expand Novolyte’s lithium ion… Continue Reading →
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