ARLINGTON, Texas, March 22, 2010 – FibeRio Technology Corporation received the silver prize
among the over 90 top technology innovators from across the nation and around the world competing
in Arlington, Texas, March 16-17 for top honors at WBT2010 presented by Lockheed Martin.
FibeRio Technology Corporation’s Forcespinning Technology™, which uses centrifugal force to
spin nanofibers, was rigorously screened and mentored by WBT commercialization experts to present
to a sold-out WBT2010 audience of over 600 participants including venture capital investors,
federal agencies and licensees.
“The word is out that for investors, federal agencies and licensees seeking emerging
technology opportunities, WBT offers the best deal flow in the nation,” said Paul Huleatt, WBT’s
CEO. “We look forward to watching the progress of our WBT2010 presenters.”
According to Mr. Huleatt, approximately 1/3 of past WBT presenters have gone on to secure
venture capital or a licensing/strategic partnering agreement. To date, past presenters have
raised over $450 million in first (or next) round venture capital.
“We are very excited to receive such high level recognition for Forcespinning Technology™,
and even more excited about the valuable relationships we made in the investment and corporate
communities,” said Ellery Buchanan, FibeRio’s President and CEO. He went on to say that, “this
event verified that there is a significant market need for equipment and processes that fabricate
nanofibers cost-effectively in volume, without high electrical voltage and environmentally harmful
and expensive solvents.”
Mr. Huleatt highlighted that the companies groomed to present at WBT leave with new knowledge
and contacts to take their technologies to market and beyond.
FibeRio will launch its first line of nanofiber fabrication equipment for the research market
in the summer of 2010 as it quickly scales up Forcespinning Technology™ for industrial level
About FibeRio Technology Corporation
By incorporating Forcespinning Technology™ into equipment and manufacturing processes,
FibeRio will provide researchers with versatile production capabilities that will facilitate ground
breaking research and deliver the nonwovens and technical textiles industries with dramatically
increased system level production capacities that will escalate the commercialization of nanofiber
WBT is the world’s premier event exposing undiscovered, revolutionary energy, life science,
IT and physical science technologies emerging from top universities, labs and research
institutions. Each WBT is a year-long collaborative effort resulting in deals vetted and mentored
by investors and licensees for investors and licensees. WBT2011 will be held March 22-23 in
Arlington, Texas. www.wbtshowcase.com
Press release courtesy of FibeRio Technology Corp.
Posted April 6, 2010