Navigation Links
Graphene Producer Grolltex Secures 'Seed B' Equity Financing Round
Date:9/15/2017

San Diego based graphene materials and products manufacturer Grolltex, has recently closed what it calls an ‘Internal Seed B’ round of financing, totaling $600,000. The round was entirely filled by existing shareholders of the company’s stock and was completed using a ‘SAFE’ documentation structure at a company valuation of $10M.

Grolltex, short for ‘graphene-rolling-technologies’, uses patented research and technologies developed at the University of California, San Diego, to produce high quality, single layer graphene in a sustainable and manufacturable way. Today the highest quality ‘mono-layer’, or one atom thick, graphene materials are produced via a process called ‘chemical vapor deposition’ or CVD. Until recently, this process has been considered too costly and environmentally detrimental to meet the needs of high-volume manufacturing. Grolltex uses its proprietary schema to produce CVD generated mono-layer graphene in a low cost, high throughput, manufacturing-friendly ‘rolling’ schema that has virtually no impact on the environment.

The company says this Seed B round will be used to add to the company’s existing equipment set and infrastructure toward improving productivity as well as for general corporate purposes while the company navigates the recent release and proliferation of its newest product lines currently being introduced and proliferated into the advanced materials marketplace.

“The fact that this round was fully subscribed and completely taken up by our current shareholders shows the level of trust they have in company management as well as how positively they view our progress to date and our potential for growth in this exciting field," said Jeff Draa, CEO and co-founder of the company. Additionally, the company says it has plans to solicit an A round of financing in mid-2018 to pursue what it calls a ‘strategic opportunity’ to penetrate and disrupt an identified “large market”, enabling graphene materials adoption and utilization for a widely accepted use case.

About Grolltex:

Grolltex, Inc., is a nanotechnology materials, products and equipment company focusing on the optimization and advancement of the key material ‘graphene’. The company holds a number of strategic patents and technological advantages in areas relating to the manufacture of high quality, single layer ‘CVD’ graphene as well as on several advanced products made of graphene, such as hyper efficient solar cells, next generation sensors, advanced fuel cells and futuristic hyper-thin and flexible displays for use in wearables, smart phones and other electronics.

The company is a practitioner of, and specializes in, exclusively sustainable graphene production methods and is committed to advancing the field of graphene to improve the future of leading edge materials science and product design through the optimization of single atom thick materials.

For complete information, please visit: https://grolltex.com/

Media Contact:
Grolltex, Inc.
Attn: Media Relations
10085 Scripps Ranch Court, Suite D
San Diego, CA 92131
(844) 344-6718
support(at)grolltex.com

Read the full story at http://www.prweb.com/releases/2017/08/prweb14637067.htm.


'/>"/>
Source: PRWeb
Copyright©2017 Vocus, Inc.
All rights reserved


Related biology technology :

1. Nanomedical Diagnostics Issued Key Patent for AGILE R100, a Graphene Biosensor for Drug Discovery
2. Nanomedical Diagnostics Announces Partnership with Rogue Valley Microdevices, Delivering World’s First Successful High-Volume Manufacturing for Graphene Biosensors
3. Communications Among Most Promising Applications for Game-Changing Graphene
4. Nanomedical Diagnostics launches a new graphene biosensor with unprecedented functionality for small molecule and protein analysis
5. Victor Petriks New Discovery - Experiments With Graphenes May Save Millions of Human Lives
6. Extrusion Meets Graphene Meets Plastics
7. How Graphene–based Nanomaterials and Films Revolutionize Science Explained in July 9 Webinar Hosted by Park Systems
8. The Global Market for Graphene Subscription 2014
9. The Global Market for Carbon Nanotubes, Graphene and Other 2-D Nanomaterials
10. Southampton scientists grow a new challenger to graphene
11. Graphene imperfections key to creating hypersensitive electronic nose
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/10/2017)... research firm Parks Associates announced today that Tom Kerber ... Annual Meeting , October 11 in Scottsdale, Arizona . ... how smart safety and security products impact the competitive landscape. ... Parks Associates: Smart Home Devices: Main Purchase Driver ... "The residential security market has experienced continued growth, and the ...
(Date:10/10/2017)... PA (PRWEB) , ... October 10, 2017 , ... ... year’s recipients of 13 prestigious awards honoring scientists who have ... presented in a scheduled symposium during Pittcon 2018, the world’s leading conference and ...
(Date:10/9/2017)... ... October 09, 2017 , ... At its national board ... Stubbs, a professor in Harvard University’s Departments of Physics and Astronomy, has been selected ... member of the winning team for the 2015 Breakthrough Prize in Fundamental physics for ...
(Date:10/7/2017)... Phoenix, Arizona (PRWEB) , ... ... ... than 15 years’ experience providing advanced instruments and applications consulting for microscopy ... the in-house expertise in application consulting, Nanoscience Analytical offers a broad range ...
Breaking Biology Technology:
(Date:6/30/2017)... June 30, 2017 Today, American Trucking ... supplier of face and eye tracking software, became ... provider program. "Artificial intelligence and ... to monitor a driver,s attentiveness levels while on ... able to detect fatigue and prevent potential accidents, ...
(Date:5/16/2017)...   Bridge Patient Portal , an enterprise ... EMR Systems , an electronic medical record solutions ... established a partnership to build an interface between ... Centricity™ products, including Centricity Practice Solution (CPS), Centricity ... new integrations will allow healthcare delivery networks using ...
(Date:4/17/2017)... NXT-ID, Inc. (NASDAQ: NXTD ) ("NXT-ID" or the "Company"), ... Report on Form 10-K on Thursday April 13, 2017 with the ... The ... section of the Company,s website at http://www.nxt-id.com  under "SEC Filings," ... 2016 Year Highlights: Acquisition of ...
Breaking Biology News(10 mins):