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WebCore receives $2 million investment

WebCore Technologies LLC, manufacturer of TYCOR core materials, has closed a $2 million investment with a private investment group which will help accelerate the company's growth.

WebCore Technologies LLC, Miamisburg, Ohio, USA, will use the funding to accelerate domestic and international growth for the company and its TYCOR® core materials technology.

“The investment allows us to more quickly seize significant opportunities that will position WebCore to become a leading supplier to the wind energy market in the United States, Europe and Asia,” says Doug Ventura, CEO of WebCore.

WebCore recently announced a strategic alliance with glass reinforcements manufacturer 3B of Belgium under which 3B will distribute its TYCOR W core material for wind turbine blades in Europe and Asia.

“This funding and the 3B distribution agreement, along with resulting sales in Europe and Asia, will enable WebCore to invest in equipment, but more importantly, in people,” Ventura notes.

WebCore has also just been awarded $1 800 000 as part of the US Department of Energy (DOE)'s Small Business Phase III Xlerator programme for next phase development and commercialisation of TYCOR W.

Since 1991, WebCore Technologies has been developing and manufacturing TYCOR fibre reinforced composite core and sandwich solutions for applications that include truck bodies, military shelters, pedestrian and vehicle bridges, railcar floors and cargo ship floors.

 

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