Piezomotor business to grow with DTI stock offering proceeds

Sarasota, FL--A privately held designer and manufacturer of piezoelectric motors (piezomotors), Discovery Technology International (DTI) successfully completed a $2.6 million Series B Preferred Stock Offering. Participants in the investment round included two strategic industrial technology partners.

The new capital will be used to finance business growth for its positioning and motion-control products and will allow the company to expand into larger premises. DTI’s CEO, Mark Broderick, said, "This is an exciting time for DTI as we begin to apply our piezomotor technology to address the needs of broader industrial markets, while maintaining our position as a leading developer and provider of standing-wave type piezomotor technologies."

Discovery Technology International (DTI) is a privately held company focused on the design and manufacture of standing-wave type piezoelectric motors (piezomotors). A piezomotor is an electrical motor in which motion is created using the inverse piezoelectric effect. Key advantages of piezomotors over conventional electromagnetic (EM) motors include; improved performance, better scalability, energy efficiency and environmental benefits.

SOURCE: Discovery Technology International (DTI); www.discovtech.com