VitroClad Pipe Lining

British Columbia, Canada

Short Summary

Applied Light Technologies developed VitroClad, a novel patented metal-coating process which uses high-intensity light to fuse vitreous enamel, an inseparable, anti-corrosion, and anti-abrasion material, to the inner surface of metal tubular goods.

Highlights

  • Patent granted in Japan, China and Eurasian Patent Organization
  • Patents are pending in Brazil, Canada, European Patent Office, Korea, & USA
  • Spent C$4.5 MM to build a proof of concept plant in Richmond, BC
  • Early investor Marubeni-Itochu, one of the largest O&G pipe distributors
  • Prince, the leading vitreous enamel frit producer, is developmental partner
Please note: Investing in early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. This platform is targeted solely at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. This information has not been approved as a financial promotion, and you must carry out your own due diligence.

Overview

Target
C$1,500,000
Minimum
C$250,000
Investment Raised
N/A
Previous Rounds C$4,500,000
Stage MVP/Finished Product
Investor Role Any

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