Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

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

Organometallics welcomes new editor-in-chief: Paul Chirik, Ph.D. July 22nd, 2014

The Hiden EQP Plasma Diagnostic with on-board MCA July 22nd, 2014

Iran to Hold 3rd Int'l Forum on Nanotechnology Economy July 22nd, 2014

Nanometrics Announces Upcoming Investor Events July 22nd, 2014

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

Harris & Harris Group Invests in UberSeq, Inc. July 16th, 2014

Harris & Harris Group Portfolio Company D-Wave Systems Closes a $28.4 Million Financing July 14th, 2014

Harris & Harris Group Continues Its Blog Series to Highlight Most Impactful Portfolio Companies With Produced Water Absorbents, Inc. July 9th, 2014

Harris & Harris Group Portfolio Company HZO Raises $20 Million in Growth Financing July 1st, 2014

Announcements

Nanometrics Announces Upcoming Investor Events July 22nd, 2014

Bruker Awarded Fourth PeakForce Tapping Patent: AFM Mode Uniquely Combines Highest Resolution Imaging and Material Property Mapping July 22nd, 2014

NIST shows ultrasonically propelled nanorods spin dizzyingly fast July 22nd, 2014

Penn Study: Understanding Graphene’s Electrical Properties on an Atomic Level July 22nd, 2014

Textiles/Clothing

Iranian Scientists Change Structure of Nanoparticles to Increase Durability of Antibacterial Activity of Fabrics July 7th, 2014

Nano-coatings release almost no nano-particles: Silver in the washing machine June 30th, 2014

Iranian Researchers Produce Protein Nanoparticles from Chicken Feather June 11th, 2014

Breakthrough in energy storage: Electrical cables that can store energy: New nanotech may provide power storage in electric cables, clothes June 2nd, 2014

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







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE