IRradiance Glass (IRG) is in the market with a $1 million non-brokered offering. The offering is expected to close within a year. This is the first known offering initiated by the company on the US private placement market. The offering’s expected net proceeds will amount to $650,000 which excludes $350,000 to be paid toward officers’ salaries.
IRG is a glass manufacturing and research company, specifically focused on the design, process development and hot forming of infrared glass and glass ceramic materials (known as chalcogenide glasses) for applications in infrared optical components and optical systems. IRG has expertise in the custom design of glass composition and product form, as well as the thermal, optical, and mechanical analysis of infrared-transmissive chalcogenide glasses. The company has recently joined the University of Central Florida Business Incubation Program.
Jonathan D. Musgraves (President and CEO) leads the Orlando FL based company which was registered in 2012. Revenues for the latest fiscal year were not reported.
Company: Irradiance Glass
Amount offered: $1,000,000