Vibrant Corporation announces that it has closed financing led by New Mexico venture capital\u00a0firm, Verge Fund. These funds will be used for Vibrant\u2019s marketing and business development activities. \u201cWe\u00a0are excited to be working with Verge Fund. The funds from this financing will allow us to accelerate our\u00a0marketing and sales efforts including the expansion of operations in the United Kingdom. We have shown that\u00a0our technology can significantly enhance product quality and reliability for our customers, and that is fueling\u00a0strong demand for our services\u201d said Vibrant CEO Lem Hunter. \u201cWe look forward to Verge Fund\u2019s participation\u00a0as a partner in our growth.“<\/p>\n
Vibrant Corporation provides nondestructive testing services to customers in the\u00a0aerospace manufacturing and maintenance markets. The Company helps its manufacturing customers to\u00a0increase production yields while decreasing the likelihood that inferior components enter service. For\u00a0Maintenance, Repair & Overhaul (MRO) customers, Vibrant\u2019s system provides early identification of damaged or\u00a0aging components thereby optimizing component life while decreasing the likelihood of a component failing in\u00a0service. Vibrant serves domestic and international customers from its headquarters in Albuquerque, NM.<\/p>\n
\u201cVibrant is a key addition to Verge\u2019s portfolio of New Mexico high-tech companies. Their technology originated\u00a0in Los Alamos National Laboratory and it has been successfully commercialized in two previous markets by\u00a0other New Mexico Companies. I believe that it will revolutionize nondestructive testing in the aerospace\u00a0manufacturing and maintenance markets both nationally and internationally,\u201d said Verge Partner David Durgin.<\/p>\n
Vibrant is a spinoff of Mechtronic Solutions, Inc. that has commercialized Process Compensated Resonance\u00a0Testing (PCRT) for use in the aerospace and power generation industries. The PCRT technology, licensed\u00a0from Magnaflux Quasar, is a revolutionary non-destructive testing technology that can determine if a component\u00a0is structurally sound and fit for service. Vibrant has developed PCRT applications focused on the safety critical\u00a0components found in the aerospace industry. These applications bring the power of PCRT to bear on new\u00a0product quality control and in-service product degradation tracking. Vibrant is now performing testing services\u00a0for several major aerospace manufacturers and Maintenance, Repair, and Overhaul (MRO) firms.<\/em><\/p>\n Verge Fund is a seed and pre-seed venture capital fund, investing in promising New Mexico technology\u00a0opportunities. With over 80 years experience as investors and operators, the six Verge Fund partners work\u00a0closely with entrepreneurs and technologists to develop promising opportunities in successful commercial\u00a0ventures. Verge Fund invests at the earliest stages of a company\u2019s development, typically placing $100,000-$750,000 in first round investments.\u00a0www.vergefund.com<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Vibrant Corporation announces that it has closed financing led by New Mexico venture capital firm, Verge Fund. These funds will be used for Vibrant\u2019s marketing and business development activities.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-996","post","type-post","status-publish","format-standard","hentry","category-company-news"],"_links":{"self":[{"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/posts\/996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/comments?post=996"}],"version-history":[{"count":0,"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/posts\/996\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/media?parent=996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/categories?post=996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/tags?post=996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}About Verge Fund<\/em><\/h4>\n