Horizon Technology Finance Corporation Secures $ 8 Million Venture Lending for LiquiGlide

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FERMINGTON, Connecticut., June 30, 2021 / PRNewswire / – Horizon Technology Finance Corporation (NASDAQ: HRZN) (Horizon), a leading specialist finance company that provides capital in the form of secured loans to venture capital firms in technology, life sciences, health information and services, and sustainable development, announced today $ 8 million venture loan for LiquiGlide, Inc. (“LiquiGlide”), of which Horizon funded 2 million dollars the initial 4 million dollars draw and private investment vehicle operated by Horizon Technology Finance Management LLC, a Horizon consultant, funded 2 million dollars

Breakthrough frictionless LiquiGlide technology enables new packaging, products and ultimately new consumer experiences through zero waste packaging, more efficient and sustainable manufacturing, and medical devices that don’t clog or cause infection. LiquiGlide has gained significant popularity in the multi-billion dollar consumer products industry, as well as the manufacturing and biomedical industries, and recently announced a new partnership with Colgate. LiquiGlide will use the loan funds for growth and general working capital purposes.

“LiquiGlide’s patented technology eliminates product and packaging waste, providing an environmentally friendly solution and paving the way for revolutionary advances in packaging, manufacturing and medical devices,” said Gerald A. Michaud, President of Horizon. “We are committed to supporting LiquiGlide’s mission of providing environmentally friendly and friction-resistant products and alternative packaging that create a completely different and improved end-user experience.”

“We value Horizon’s confidence in our technology and faith in our vision,” said Dave Smith, Co-founder and CEO of LiquiGlide. “We are expanding our market presence across all industries by partnering with major global brands such as Colgate and the Mibelle Group. As more companies recognize the value, sustainability and innovation that make our technology possible, we are encouraged by the long-term vision of LiquiGlide and our ability to grow for years to come. “

About Horizon Technology Finance

Horizon Technology Finance Corporation (NASDAQ: HRZN) is a leading specialty finance company that provides secured equity capital to venture capital firms in technology, life sciences, health information and services, and sustainable development. Horizon’s investment goal is to maximize the return on its investment portfolio by generating current income from debt investments and capital gains through the warrants it receives on such debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional office in g. Pleasanton, California, and investment professionals located in Portland, Maine, Austin, TXand Reston, Virginia. To find out more visit www.horizontechfinance.com

About LiquiGlide

LiquiGlide is the inventor of a revolutionary technology that eliminates friction between liquids and solids, allowing liquids to flow easily. Invented in Massachusetts Institute of Technology from Dave Smith and professor Kripa Varanasi, its technology removes fundamental design constraints and enables real breakthroughs in various industries, while transforming the way viscous products are manufactured, packaged and consumed. LiquiGlide also improves quality of life and patient care by providing medical devices that do not clog or cause infection, and new drugs and biologics that were previously too viscous to manufacture or administer. The first presentation of LiquiGlide – a transformable clear recyclable toothpaste package that Colgate introduced to the European market this spring – was presented at The Daily Show with Trevor Noah and in publications around the world, including The Economist, CNN and The Daily Mail. To learn more about LiquiGlide, visit: https://liquiglide.com/

Forward-looking statements

The statements included in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical fact included in this press release may constitute forward-looking statements and are not guarantees of future results, conditions or results and are subject to a number of risks and uncertainties. Actual results could differ materially from those indicated in the forward-looking statements as a result of a number of factors, including those that are described from time to time in the Company’s filings with the Securities and Exchange Commission. Horizon assumes no obligation to update any forward-looking statements made herein. All forward-looking statements are valid only as of the date of this press release.

Contacts:

Investor Relations:
ICR
Garrett Edson
[email protected]
(860) 284-6450

Media Relations:
ICR
Chris Gillick
[email protected]
(646) 677-1819

SOURCE Horizon Technology Finance Corporation

Related links

www.horizontechfinance.com

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