Nanotechnology Now - Press Release: "FibeRio’s Forcespinning Technology™ Takes Silver At Global Tech Showcase"

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Abstract:
FibeRio Technology Corporation Vies for Top Technology Title at Sold-Out Forum

FibeRio’s Forcespinning Technology™ Takes Silver At Global Tech Showcase

Arlington, TX | Posted on March 23rd, 2010

FibeRio Technology Corporation received the silver prize among the over 90 top technology innovators from across the nation and around the world competing in Arlington, Texas, March 16-17 for top honors at WBT2010 presented by Lockheed Martin.

FibeRio Technology Corporation's Forcespinning Technology™, which uses centrifugal force to spin nanofibers, was rigorously screened and mentored by WBT commercialization experts to present to a sold-out WBT2010 audience of over 600 participants including venture capital investors, federal agencies and licensees.

"The word is out that for investors, federal agencies and licensees seeking emerging technology opportunities, WBT offers the best deal flow in the nation," said Paul Huleatt, WBT's CEO. "We look forward to watching the progress of our WBT2010 presenters."

According to Mr. Huleatt, approximately 1/3 of past WBT presenters have gone on to secure venture capital or a licensing/strategic partnering agreement. To date, past presenters have raised over $450 million in first (or next) round venture capital.

"We are very excited to receive such high level recognition for Forcespinning Technology™, and even more excited about the valuable relationships we made in the investment and corporate communities," said Ellery Buchanan, FibeRio's President and CEO. He went on to say that, "this event verified that there is a significant market need for equipment and processes that fabricate nanofibers cost-effectively in volume, without high electrical voltage and environmentally harmful
and expensive solvents."

Mr. Huleatt highlighted that the companies groomed to present at WBT leave with new knowledge and contacts to take their technologies to market and beyond.

FibeRio will launch its first line of nanofiber fabrication equipment for the research market in the summer of 2010 as it quickly scales up Forcespinning Technology™ for industrial level production.

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About FibeRio
By incorporating Forcespinning Technology™ into equipment and manufacturing processes, FibeRio will provide researchers with versatile production capabilities that will facilitate ground breaking research and deliver the nonwovens and technical textiles industries with dramatically increased system level production capacities that will escalate the commercialization of nanofiber applications.

About WBT
WBT is the world’s premier event exposing undiscovered, revolutionary energy, life science, IT and physical science technologies emerging from top universities, labs and research institutions. Each WBT is a year-long collaborative effort resulting in deals vetted and mentored by investors and licensees for investors and licensees. WBT2011 will be held March 22-23 in Arlington, Texas. www.wbtshowcase.com

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Contacts:
Kial Gramley
956-207-5448

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