What Happened?
Knoxville, TN-based 4M Carbon Fiber Promoted Truman Bonds as Chief Technology Officer
About the Company
4M Carbon Fiber Corp. ("4M"), a Knoxville, Tennessee-based carbon-fiber technology company holds the exclusive rights to commercialize atmospheric plasma oxidation for the production of carbon fiber that was co-developed with Oak Ridge National Laboratory and RMX Technologies. 4M completed a reverse merger in 2017 with Woodland Holdings Corp., an SEC reporting company ("Woodland" or the "Company") to position itself as a public entity. 4M became a wholly-owned subsidiary of Woodland, through which Woodland will conduct its business operations. The company expects to complete a Reg A+ filing and be trading in 2018. 4M recently determined that the best way to extract the economic and technical value from the technology is to build production lines using the technology and sell fiber. The technology has been proven to use 75% less energy, produce a high-quality fiber, and use 1/3 footprint for the same production capacity. These claims have been validated by multiple international carbon fiber producers. The company is in discussions with several of the world`s largest carbon fiber makers and a billion dollar per year international energy savings performance company to build five production lines in the next 5 years using the technology. The use of this technology is expected to reduce the cost of carbon fiber by 20%. The use of this technology is expected to reduce the cost of carbon fiber by a conservative 25%. βThe process is so efficient that it can reduce the processing time from 80 to 120 minutes to 20 to 30 minutes and uses 75% less energy than conventional oxidation ovens. In addition, plasma oxidation ovens are one-third the length of thermal ovens with the same throughput, which could enable smaller production facilities. Because of these advantages, plasma oxidation has the potential of reducing the cost of manufacturing carbon fiber by approximately 30%,β according to a recent article published by the US Department of Energy.
About the Person
Truman Bonds is Chief Technology Officer at 4M Carbon Fiber. Previously, Truman held various senior IT leadership roles in the industry.
Info Source
News
Short Profile