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Forge Nano could move from Broomfield to Louisville

Posted on: Nov 8 16

by: admin

Source: Longmont Times-Call

Broomfield-based Forge Nano, a company that makes nano-coating technology for the manufacture of lithium-ion battery components, could soon find its home in Louisville.

The decision comes amid a $20 million Series A round of funding aimed to help the company ramp up production.

Forge Nano, formerly known as PneumatiCoat Technologies, has been operating out of 7180 17th Ave. in Broomfield.

The coatings help lengthen battery life and provide other benefits related to safety and faster charge times. The company works with large battery manufacturers —including companies such as LG, Samsung, Sony and Panasonic.

To meet customer demand, Forge Nano will immediately use its financing to relocate to a new 12,000-square-foot facility in Louisville and increase manufacturing capacity from the current 30-ton per-year pilot plant to a 300-ton per-year light commercial production plant.

In 2017, Forge Nano is set to start on a 3,000-ton peryear heavy commercial production plant capable of meeting demand volumes and price points for largescale integration into the Liion market, according to the news release, which added that the company’s development also will be accelerated in other markets including catalysts, fuel cells, and many more advanced materials opportunities.

Maryland-based Townsend Capital led Forge Nano’s new funding round.

“We are thrilled to have an investment partner with an established track record share our vision and help us accelerate our development to integrate this technology into commercial products,” Co-Founder Paul Lichty said in the release.

Along with fellow engineers Dave King and James Trevey, Lichty co-founded Forge Nano in 2013. The company’s technology was developed while the three were working on doctoral degrees at the University of Colorado.

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