Vorbeck Materials Receives $5.1 Million in Series 2 Financing
July 22, 2009
JESSUP, Md. -- Vorbeck Materials Corp. announced today that it has secured $5.1 million in a Series 2 financing led by Stoneham Partners, a private investment firm, with contributions from the Maryland Department for Business and Economic Development and a syndicate of individual investors. The company will use the capital to expand development of its Vor-xTM graphene and Vor-inkTM conductive inks for printed electronics applications.
In association with the financing, Vorbeck has named two new members to its Board of Directors. Joining the existing board are the Honorable Kristen L. Silverberg, former U.S. Ambassador to the European Union and former U.S. Assistant Secretary of State, and Dr. Robert G. Hirsch, former Global Managing Director for DuPont’s Intellectual Assets Business and Corporate New Ventures and manager of five global businesses for DuPont.
Vorbeck Materials Corp. is a technology company established in 2006 to manufacture and develop applications using Vor-x™, Vorbeck's novel graphene material. Graphene possesses unique electronic properties and is recognized as the strongest and most thermally conductive material known. With exclusive technology licenses from Princeton University, industrial-scale manufacturing capacity, and development programs with industry leaders in electronics, energy, and transportation, Vorbeck is demonstrating graphene’s immediate potential in real-world products.
Further information on Vorbeck is available at www.vorbeck.com or by emailing email@example.com.