LiquiGlide, Inc. announced the successful completion of its $515,000 non-brokered private placement. Twenty investors participated to the debt financing which is the first publicly known placement initiated by the company in the US.
The company markets a patent-pending super slippery surface solution that enables the development of a vast array of custom-designed, liquid-impregnated coatings. One application would be to get the very last drop of product (such as toothpaste or ketchup) out of the bottle, reduce waste, save money and frustration. The technology was developed in the MIT Lab for nano-engineered surfaces, interfaces and coatings.
The company, located in Cambridge MA, was founded in October 2012 and is lead by J. David Smith (President and CEO).