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LiquidPiston Closes Early Stage Financing

Tuesday, July 24, 2007 5:00:00 AM PDT | VentureDeal Staff
CAMBRIDGE, MA -- Engine designer LiquidPiston, Inc. announced the closing of a seed stage round of development financing, receiving $1.25 million in new investment.

LiquidPiston has designed a new internal combustion engine that the company states will increase fuel efficiency, power and will be scalable "from lawnmowers to locomotives."

Investors in the round were led by Adams Capital Management of Boston, MA and Northwater Capital.  The company intends to use the proceeds to fund further development and build & test a working prototype.

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