JESSUP, Md.--Vorbeck Materials Corp. has secured an additional $2.785 million in a fully subscribed series 2b financing, which was completed December 30, 2010. Fairbridge Venture Partners and Stoneham Partners, L.P. led the round, along with individual investors. To date, the company has raised over $8.0 million in private investment.
Vorbeck will use the additional capital to expand sales of its Vor-ink conductive ink for printed electronics applications. Vor-ink, which is the worlds first commercial product using graphene, offers the printed electronics industry a highly conductive and flexible conductive ink at a cost well below competing silver-based inks.
With completion of this financing, rapid customer adoption of Vorbeck products, and approval by the EPA for the commercial sale of Vorbecks graphene-based conductive inks, Vorbeck Materials is poised for strong growth in 2011.
Vorbeck Materials Corp. is a technology company established in 2006 to manufacture and develop applications using Vor-x, Vorbecks patented graphene material developed at Princeton University. Vorbeck launched the worlds first commercial graphene product in 2009 with the introduction of Vor-ink, a graphene-based conductive ink for electronics applications. Products using Vor-ink circuits will be available in major retail chains in 2011. Vorbeck Materials is the first and only company to receive EPA approval for the commercial production and sale of graphene-based products. Vorbeck is a small business qualified under Section 1202 of the Internal Revenue Code.