OnScreen raises $10 million

Published 22 March 2006

Portland, Oregon-based OnScreen Technologies (OTCBB: ONSC), a developer of LED signage technology and solutions, has completed a private placement of $10.2 million from several existing shareholders and new investors. As of Monday, 20 March 2006, the entire $10.3 million was converted to equity, leaving the company effectively debt free. Proceeds are intended to be used primarily for working capital and general corporate growth. The infusion of cash would allow the company to continue to develop its patent pending technologies for commercial and government markets.

In addition to their commercial use, the company’s LED products are used in first responder missions, traffic incident management, emergency routing, disaster response, HAZMAT handling, and more.

-read more about the company’s technology at company Web site