Horizon Technology Finance Corporation leads $8 million venture loan facility for LiquiGlide

FARMINGTON, Conn., June 30, 2021 /PRNewswire/ — Horizon Technology Finance Corporation (NASDAQ:HRZN) (“Horizon”), a leading specialty finance company that provides capital in the form of secured loans to venture-backed companies in the areas of technology, life sciences, information and health services, and sustainability industries, today announced that it has conducted a $8 million venture loan facility to LiquiGlide, Inc. (“LiquiGlide”), which Horizon financed $2 million from the initial $4 million drawdown and a private investment vehicle managed by Horizon Technology Finance Management LLC, Horizon’s advisor, funded $2 million.

LiquiGlide’s breakthrough frictionless technology enables new packaging, products, and ultimately a new consumer experience through zero-waste packaging, more efficient and sustainable manufacturing, and medical devices that don’t clog or cause infection . LiquiGlide has gained popularity in the multi-billion dollar consumer goods industry, as well as the manufacturing and biomedical industries, and the company recently announced a new partnership with Colgate. LiquiGlide will use the loan proceeds 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 breakthrough advancements in packaging, manufacturing and medical devices,” said declared Gerald A. Michaud, president of Horizon. “We look forward to supporting LiquiGlide’s mission to provide sustainable, frictionless product and packaging alternatives that create a completely different and enhanced experience for the end user.”

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

About Horizon Technology Financing

Horizon Technology Finance Corporation (NASDAQ: HRZN) is a leading specialty finance company that provides capital in the form of secured loans to venture-backed companies in the technology, life sciences, health information and services and sustainability. Horizon’s investment objective is to maximize the return on its investment portfolio by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when these borrowed investments. Horizon is headquartered in Farmington, Connecticutwith a regional office in Pleasanton, Californiaand investment professionals located in Portland, Maine, Austin, TX, and Reston, Virginia. To learn more, please visit www.horizontechfinance.com.

About LiquiGlide

LiquiGlide is the inventor of a revolutionary technology that eliminates friction between liquids and solids to allow liquids to flow easily. Invented at MIT by David Smith and teacher Kripa Varanasi, its technology eliminates a fundamental design constraint and enables real and powerful breakthroughs in all sectors, and transforms the way we manufacture, package and consume viscous products. LiquiGlide also improves quality of life and patient care by enabling medical devices that won’t clog or cause infections and new drugs and biologics that were previously too viscous to manufacture or administer. The first launch of LiquiGlide – a transformational, transparent and recyclable toothpaste packaging that Colgate launched in the European market this spring – was featured on 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, please visit: https://liquiglide.com/.

Forward-looking statements

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 facts included in this press release may constitute forward-looking statements and do not constitute are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements due to a number of factors, including those 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 speak only as of the date of this press release.

contacts:

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

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

SOURCE Horizon Technology Finance Corporation

Related links

www.horizontechfinance.com

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