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Webcore Technologies receives funding from investment group for expansion in wind energy

News International-French

12 Mar 2011

WebCore Technologies LLC announced on the 17th of November it has closed a $2 million investment with a private investment group. The funding will accelerate domestic and international growth for WebCore and its Tycor® technology, a portfolio of innovative fiber reinforced, composite core material solutions for the wind energy, transportation, infrastructure and defense markets.

“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,” said Doug Ventura, CEO of WebCore. Ventura added that the funding comes at a time of rapid evolution for the company which announced a strategic alliance with 3B-the Fiberglass Company for exclusive distribution of its Tycor W core material for utility scale wind 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 noted. He added that several new positions in production, sales and executive ranks will be added over the next 18 months. 

In addition to its investment and distribution agreements, WebCore has also been awarded $1,800,000 as part of the Department of Energy's (DOE's) Small Business Phase III Xlerator program for next phase development and commercialization of Tycor W. 

Since 1991, WebCore Technologies has been developing, designing, testing and manufacturing Tycor® fiber reinforced composite core and sandwich solutions for structurally demanding applications. These products represent an investment of more than $25 million in research and development. Headquartered in Miamisburg, Ohio, the ISO 9001 company also supports customers with an advanced manufacturing facility with the capability to deliver high volume production capacity. WebCore’s expertise in shipping and logistics allows the manufacturer to consistently meet customers’ on-time requirements. In 2007, WebCore used its proprietary platform technology to develop Tycor W, a family of core solutions designed specifically for the unique requirements of utility scale wind blades. To help meet the industry’s growing need for large blade production, WebCore provides Tycor W in four standard grades giving designers and manufacturers the flexibility to optimize blade designs or use the material throughout the blade. Tycor’s fiber reinforced composite core products are also used by leading manufacturers for applications that include truck bodies, military shelters, pedestrian and vehicle bridges, railcar floors and cargo ship floors.


Source : Webcore Technologies