Grolltex Graphene Closes Oversubscribed Private Placement Financing Round

Grolltex, for ‘graphene-rolling-technologies’, the largest commercial producer of single layer, ‘electronics grade’ graphene and graphene sensing materials in the U.S., announces that it has closed a non-brokered, oversubscribed private placement financing, in the form of a convertible note, with local area private investors. The gross proceeds of the private placement will be used for general working capital purposes and for increasing the capacity and quality testing capabilities of the company’s production facility in San Diego, California.

The company is focused on delivering inexpensive and enabling solutions to advanced nano-device and graphene sensor makers by fabricating the highest quality single layer graphene attainable, via chemical vapor deposition (or ‘CVD’). The company is now capable of producing monolayer graphene sensors on large area plastic sheets at a cost of pennies per unit, in a high throughput and sustainable way. Further, Grolltex is helping customers that currently produce their graphene sensors on silicon wafers, to transition that production capacity to making their sensors on large area sheets of biodegradable plastic instead, at a >100X cost savings.

Monolayer graphene films are today seen as the most promising futuristic sensing materials for their combination of surface to volume ratio (the film is only one atom thick) and conductivity (the most conductive substance known at room temperature). Markets that are commercializing advanced sensors made of graphene include DNA sensing and editing, new drug discovery and wearable bio-monitors for glucose sensing and autonomous blood pressure monitoring via patches or watch-like wearable bracelet devices.

No securities were issued and no cash was paid as bonuses, finders’ fees, compensation or commissions in connection with the private placement.

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

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Grolltex Inc. (2019, September 09). Grolltex Graphene Closes Oversubscribed Private Placement Financing Round. AZoSensors. Retrieved on September 15, 2019 from https://www.azosensors.com/news.aspx?newsID=13390.

  • MLA

    Grolltex Inc. "Grolltex Graphene Closes Oversubscribed Private Placement Financing Round". AZoSensors. 15 September 2019. <https://www.azosensors.com/news.aspx?newsID=13390>.

  • Chicago

    Grolltex Inc. "Grolltex Graphene Closes Oversubscribed Private Placement Financing Round". AZoSensors. https://www.azosensors.com/news.aspx?newsID=13390. (accessed September 15, 2019).

  • Harvard

    Grolltex Inc. 2019. Grolltex Graphene Closes Oversubscribed Private Placement Financing Round. AZoSensors, viewed 15 September 2019, https://www.azosensors.com/news.aspx?newsID=13390.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit