As reported in Biz West and the Daily Camera, Forge Nano, formerly known as PneumatiCoat Technologies, will soon be operating in Louisville. The move comes after the company sought $20 million in Series A funding to increase its production from a 30-ton per-year pilot plant to a 300-ton per-year light commercial production plant.
Forge Nano, which specializes in nano-coating technology for batteries and works with the likes of LG, Samsung, Sony and Panasonic currently employs 17 people but anticipates that number should grow to 20 by the end of this year and 40 the end of next year with the increased production.
Obviously it is wonderful to see a local company born out of the University of Colorado grow and succeed but somewhat bittersweet to see them leave Broomfield, particularly as they now look to double their workforce.
To learn more about Broomfield’s exciting new economic development program, the Access Broomfield Economic Coalition, click here.