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

Atom-thick CCD could capture images: Rice University scientists develop two-dimensional, light-sensitive material December 20th, 2014

Oregon researchers glimpse pathway of sunlight to electricity: Collaboration with Lund University uses modified UO spectroscopy equipment to study 'maze' of connections in photoactive quantum dots December 19th, 2014

Instant-start computers possible with new breakthrough December 19th, 2014

Aculon Hires New Business Development Director December 19th, 2014

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

Pixelligent Closes $5.5 Million in Funding: Capital Will Be Used to Support Global Customer Growth December 12th, 2014

Eight19 secures £1m funding: Investment to develop production technology, and expand commercial activities for organic photovoltaics November 19th, 2014

Harris & Harris Group Reports Financial Statements as of September 30, 2014 November 11th, 2014

Harris & Harris Group to Host Conference Call on Third Quarter 2014 Financial Results on November 12, 2014 November 3rd, 2014

Announcements

Atom-thick CCD could capture images: Rice University scientists develop two-dimensional, light-sensitive material December 20th, 2014

Oregon researchers glimpse pathway of sunlight to electricity: Collaboration with Lund University uses modified UO spectroscopy equipment to study 'maze' of connections in photoactive quantum dots December 19th, 2014

Instant-start computers possible with new breakthrough December 19th, 2014

Aculon Hires New Business Development Director December 19th, 2014

Textiles/Clothing

Simple, Biocompatible Method Developed for Production of Antibacterial Cotton Fabrics December 1st, 2014

Australian startup creates world’s first 100% cotton hydrophobic T-Shirts November 26th, 2014

New Method for Production of Stable Antibacterial Fabrics without Color Change November 18th, 2014

Total Nanofiber Solutions Company FibeRio® Launches The Fiber Engine® FX Series Systems with 10X Increase in Output November 18th, 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