New Jersey Governor Phil Murphy highlighted SunRay Scientific, the Eatontown-based company that develops and manufactures conductive adhesive materials for use in miniaturized and flexible electronics during the Governor’s daily coronavirus briefing July 2. The NJ EDA announced the first five recipients under the Entrepreneur Support Program – for a total of $700,000 in investment guarantees. Gov Murphy had the pleasure of speaking with CEO Madhu Stemmermann and COO Andrew Stemmermann of SunRay Scientific.
SunRay currently employs five people, and is positioning itself for future growth. Because of $184,000 in guarantees it received through the ESP program, SunRay was recently able to close on $230,000 in new capital investments
Even through this pandemic, NJ Gov Murphy and the NJ EDA’s work to reposition the Garden state’s economic future to one driven by cutting-edge companies has not wavered, and SunRay is just one of numerous examples of high-tech firms that proudly call New Jersey home because of the entrepreneurial ecosystem created here. Learn more about SunRay Scientific at https://sunrayscientific.com/
Hear the Governor’s remarks by watching the briefing below.