Ionic Fusion Raises $1.3 Million In Financing
January 8, 2004
Ionic Fusion Corp., a nanotechnology company that has developed a proprietary low-temperature, plasma deposition vacuum technology, raised $1.3 million in first round financing from South Florida private investors. The low-temperature ionic fusion process impregnates metal into a wide variety of substrate materials -- ranging from paper and plastic to other metals and ceramics -- and offers control of particle size, dispersion and density, as well as improved surface characteristics. The company plans to use the proceeds of the financing for research and operations, and to create subsidiaries to license medical and fuel cell applications of its technology. "We are thankful to our first round of investors for their confidence in our technology, patents and management team," said Joe Ryan, president and chief operating officer. "As the result of successful testing, our medical subsidiary will be serving a wide range of clients."