08.05.11 Independence Equity Management Announces Investment in 10x Technology, LLC

The fund completed an investment this week in Libertyville, Illinois-based 10x Technology, LLC. 10x develops and manufactures micro- and nano-structured polymer substrates that have applications in the Energy, Medical, Electronics, Transportation and Military sectors. Products range from micro-needle arrays for transdermal drug delivery to Fresnel lenses for solar concentrator systems. The founder of 10x Technology, Mr. Robert Pricone, is the inventor behind the first micro-prismatic retro-reflective sheeting for high brightness traffic signs which are now found worldwide. EVONIK Industries, a world leading manufacturer of acrylic sheet and molding compounds and bulk and performance monomers, is a strategic alliance partner of 10x.

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