In its latest equity round, Vibrant Corporation was able to raise $500k from existing shareholders in a significant upround that saw an increase in share price of 62.5%. Process from this round will be used for expansion of Vibrant Corporation to meet its growing customer base and allow for increased market penetration.
Vibrant Corporation has commercialized Process Compensated Resonance Testing (PCRT) for use in the aerospace and power generation industries. The PCRT technology, licensed from Magnaflux Quasar, is a revolutionary non-destructive testing technology that can determine if a component is structurally sound and fit for service. Vibrant has developed PCRT applications focused on the safety critical components found in the aerospace industry. These applications bring the power of PCRT to bear on new product quality control and in-service product degradation tracking. Vibrant is now performing testing services for several major aerospace manufacturers and Maintenance, Repair, and Overhaul (MRO) firms.