February 12, 2022, 7:03 a.m. HST
Nalu Scientific, a Hawaii-based technology company, recently signed an exclusive sales and distribution agreement with CAEN Technologies.
Nalu Scientific is a leading developer of high-performance application-specific integrated circuits (ASICs) used in a variety of industries, ranging from environmental sensing to fusion energy research to medical imaging. Under the new agreement, CAEN Technologies will promote, market, sell and distribute Nalu’s evaluation microchips and printed circuit boards in the United States and Canada.
“We pride ourselves on our ability to design, prototype, test and manufacture a variety of specialized microchips optimized to meet the critical needs of our customers. Partnering with CAEN will now allow us to leverage their vast experience in commercial sales in a market they have strategically developed over many years,” said Dr. Isar Mostafanezhad, Founder and CEO of Nalu Scientific.
“The timing couldn’t be better, as we just opened our new office in New York and started manufacturing products here in the United States,” said Marco Locatelli, COO of CAEN Technologies. “We are excited to help Nalu Scientific meet the already strong demand for its technology and grow its brand and business in North America.”
The deal comes after Nalu Scientific received more than $2.6 million in 2021 from seven awards from the U.S. Department of Energy and National Institutes of Health under the Innovation Research Program of small enterprises. Since its inception in 2016, the company has raised over $12 million.