CiDRA has filed a notice of an exempt offering of securities to raise $60,000,000.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, CiDRA is raising $60,000,000.00 in new funding. Sources indicate that as part of senior management Senior Executive, Kevin Didden played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About CiDRA
CiDRA Minerals Processing is a trusted partner of major mining companies operating in more than 400 mining operations in more than 45 countries across six continents. The safety of our internal and external stakeholders, together with meeting our customers unserved needs, are the main drivers for CiDRAs passion for innovation and ingenuity and what has led us to develop industry specific product optimization solutions. CiDRA provides step-change technologies that enable customers to convert real time process measurements into actionable information and knowledge. CiDRA has a long history of applying a proven technology and science in a unique, robust architecture to enhance production efficiency and enhanced recovery in the mining sector. CiDRAs Intellectual Property portfolio contains more than 500 current U.S. & International patents and patent applications. Our industry specific product solutions are utilized in mines throughout the world, including the innovative CYCLONEtrac grind management technology which provides particle size measurements from individual cyclones, to its SONARtrac process technology, an industry standard for flow and entrained air measurements. CiDRA: Enhanced recovery, process optimization, reliability.
To learn more about CiDRA, visit http://www.cidra.com/
Contact:
Kevin Didden, Senior Executive
203-265-0035
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