MetOx International has filed a notice of an exempt offering of securities to raise $35 Million in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, MetOx International is raising up to $35 Million in new funding. Sources indicate that as part of senior management Chief Executive Officer, Arthur Vos 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 MetOx International
The energy transition is being defined by two rapidly accelerating trends: electrification and decarbonization. MetOxs advanced manufacturing technology is enabling the production of cost-effective High Temperature Superconducting wire (HTS) to serve the growing global demand. Our high-performance Xeus wire provides dramatic efficiencies in the generation, transmission, and use of clean and reliable electricity, making it a key technology for energy transformation. With Xeus wire produced at commercial scale, MetOx will help electrify and decarbonize large markets that depend on the enhanced power carrying capacity. HTS wire has several transformative applications, most notably: transmission and distribution of renewable energy, high-field magnets for fusion power and next generation MRIs, advanced motors and generators, space-based electrical storage, and other defense and transportation-related technologies. MetOxs new manufacturing facility in Houston, Texas, is the first of its kind in the US and will produce over 1,000 km of Xeus wire per year. Contact us to understand how high-quality HTS wire might augment your device, application, or project.
To learn more about MetOx International, visit http://www.metoxtech.com/
MetOx International Linkedin Page: https://www.linkedin.com/company/metox-international/
Contact:
Arthur Vos, Chief Executive Officer
832-245-9488
https://www.linkedin.com/in/budvos/
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