Jmar Completes $750,000 New Financing

Jmar Technologies Inc. of San Diego has received $750,000 in new financing from its financial partner, Laurus Master Fund Ltd. The company issued Laurus a secured note and 10-year warrants to purchase Jmar common stock. It said it will use the funds for working capital, to support ongoing technology development efforts and to establish strategic business alliances. Jmar develops laser-based technology and x-ray processes for nanoscale imaging, analysis and fabrication and conucts research and development for the US government. Its BioSentry contamination warning system for waterborne microorganisms uses laser-based, multi-angle light-scattering technology to provide real-time monitoring for harmful microorganisms. It also makes the BriteLight laser, as both a stand-alone product and as the x-ray light source in nanolithography systems, and the x-ray NanoProbe for enabling nanoscale interaction, analysis and materials modification. It also maintains alliances for the prototyping and production of an organic chemical sensor and a nanoparticle ultrathin coating system.