Fort Wayne, IN – According to filings with the U.S. Securities and Exchange Commission, Sortera Alloys is raising $20,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Michael Siemer 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 Sortera Alloys
Sortera Alloys brings state-of-the-art artificial intelligence data analytics and advanced sensors to the industrial scrap metal recycling and re-use industry. Sorteras vision is to enable 100% reuse of metals recovered from end-of-life products for manufacturing of similar products. Currently, almost 25 million tons (~50 billion lbs) of automotive shredder metal scrap is produced in US each year from end-of-life automobiles and other products, and a large fraction of this is shipped overseas to be hand sorted into aluminum, copper, brass, zinc and stainless steel, and manufactured into parts. Sorteras highly automated sorting facilities perform highly accurate sortation of metal alloys at much lower cost making these valuable feedstocks for domestic manufacturing.

To learn more about Sortera Alloys, visit http://sorteraalloys.com/

Contact:
Michael Siemer, Chief Executive Officer
817-840-3248
msiemer@sorteraalloys.com
https://www.linkedin.com/in/mssiemer/

SOURCE: http://www.intelligence360.io
Copyright (c) 2022 SI360 Inc. All rights reserved