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Ceramics Startup Gains Investment

Thursday, August 02, 2007

Excerpt of story provided by Crain's Cleveland Business
Written by Chuck Soder

Stanton Advanced Ceramics LLC will receive an $800,000 investment from the North Coast Angel Fund LLC and other individual investors.

The Cleveland startup, which has developed a material to protect the insides of high-temperature furnaces, will use most of the money to hire four sales employees with technical backgrounds over the next two years. The rest of the funds will be used to further validate and adapt the technology for the aluminum and steel industries, said Karl-Heinz Schofalvi, founder and president...

...Stanton Advanced Ceramics was founded in 2000. Since 2004 it has received three investments totaling $800,000 from nonprofit venture developer JumpStart Inc. The company was JumpStart’s first investment...

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