Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > FibeRio Closes Private Financing to Support Product Initiatives, Commercial Ramp-Up, and Workforce Expansion

Abstract:
The Force For Nanofibers˙, announces that it has closed an oversubscribed Series B round of private investment led by Silverton Partners and supported by current investors including series A lead investor Cottonwood Technology Fund. The new capital will facilitate the Company's production ramp for its new industrial scale nanofiber equipment formally launching later this year. The financing will also be used for workforce expansion in Manufacturing, Customer Service, Engineering and Sales and Marketing departments.

FibeRio Closes Private Financing to Support Product Initiatives, Commercial Ramp-Up, and Workforce Expansion

McAllen, TX | Posted on September 20th, 2011

FibeRio, a capital equipment and technology provider to the nonwoven, filtration, energy, medical device and textiles industries, launched its first product, designed for research and development, in December of last year. In doing so, FibeRio introduced a novel technology for nanofiber production called Forcespinning, which uses centrifugal force to process polymers into nanofibers. Since that time the company has focused on scaling the technology to industrial volumes with continuous production equipment that can be integrated into their customers‚ production lines. The capital infusion from the Series B round provides the operating capital and infrastructure required to manufacture and service the industrial equipment for which FibeRio has already begun taking orders.

"We are proud to be associated with Silverton Partners and believe that their technology and people-driven philosophy and history of achievement will complement FibeRio's culture and contribute significantly to our success‰ says FibeRio CEO Ellery Buchanan. "This investment allows us to accelerate our plan to provide our customers with the most advanced nanofiber production equipment and technology available while delivering market-leading service and support."

In August of last year, FibeRio received funding from the Texas Emerging Technology Fund, a competitive multi-stage process to invest in the most advanced technologies and experienced management teams to create jobs in Texas. The capital provided by the State of Texas enabled FibeRio to rapidly advance the state-of-the-art technology, while receiving several awards such as the 2011 R&D 100 from R&D Magazine.

"We have been impressed with FibeRio's rapid pace of development and believe that the management team has well-positioned the company to enable the nonwovens and textiles industries to exploit nanofiber technology to the fullest extent using Forcespinning technology" said Silverton Partners‚ Bill Wood. He went on to say that „we look forward to a bright future for FibeRio."

####

About FibeRio Technology Corporation
FibeRio Technology Corporations is transforming the materials market through the unlimited availability of nanofibers. By incorporating the proprietary Forcespinning technology into equipment and manufacturing processes, the company is providing researchers with versatile production capabilities that will facilitate ground breaking research and providing the nonwovens industry with dramatically increased system level production capacities that will escalate the commercialization of nanofiber applications.

For more information, please click here

Contacts:
Kial Gramley
McAllen, TX
956-207-5448

Copyright © FibeRio Technology Corporation

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Harnessing solar and wind energy in one device could power the 'Internet of Things' May 26th, 2016

Thermal modification of wood and a complex study of its properties by magnetic resonance May 26th, 2016

Finding a new formula for concrete: Researchers look to bones and shells as blueprints for stronger, more durable concrete May 26th, 2016

Deep Space Industries and SFL selected to provide satellites for HawkEye 360’s Pathfinder mission: The privately-funded space-based global wireless signal monitoring system will be developed by Deep Space Industries and UTIAS Space Flight Laboratory May 26th, 2016

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Oxford Nanoimaging to provide desktop super-resolution microscopes May 10th, 2016

ORIG3N Added to Companies Presenting at Harris & Harris Group's Annual Meeting, Tuesday June 7, 2016, the New York Genome Center April 27th, 2016

Philadelphia Mathematician Robert Clark Turns to Crowdfunding to Support Nanotechnology Research That Could Lead to ‘Flying’ Cars and Space Elevator April 4th, 2016

Harris & Harris Group Announces Formation of Co-Investment Fund for Accredited Investors March 9th, 2016

Announcements

PETA science group publishes a review on pulmonary effects of nanomaterials: Archives of Toxicology publishes a review of scientific studies on fibrotic potential of nanomaterials May 26th, 2016

Harnessing solar and wind energy in one device could power the 'Internet of Things' May 26th, 2016

Thermal modification of wood and a complex study of its properties by magnetic resonance May 26th, 2016

Finding a new formula for concrete: Researchers look to bones and shells as blueprints for stronger, more durable concrete May 26th, 2016

Textiles/Clothing

Programmable materials find strength in molecular repetition May 23rd, 2016

The impact of anti-odor clothing on the environment March 31st, 2016

No more washing: Nano-enhanced textiles clean themselves with light: New technique to grow nanostructures that degrade organic matter when exposed to light March 23rd, 2016

Stretchable electronics that quadruple in length March 4th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic