LeMond renews efforts to raise capital for production facility in Oak Ridge
LeMond Carbon Inc., then known as LeMond Composites when it announced big plans for an Oak Ridge operation in October 2016, is apparently back on track with an announcement earlier this week.
According to this news release (LeMond News Release) from the company, LeMond has launched a new capital raise to develop a 5,400-metric ton production facility in Oak Ridge. The plans come on the heels of the release of the results of an independent technical audit of LeMond’s revolutionary carbon fiber manufacturing process conducted by Bureau Veritas (BV). The audit was conducted on a pilot line at Deakin University’s Carbon Nexus facility in Geelong, Australia. The total oxidation time and material properties verified by BV support LeMond’s claims to lower costs and significantly increase output versus traditional carbon fiber technology
