4M Carbon Fiber Corp. Names Bonds Chief Technology Officer
KNOXVILLE, Tenn., March 15, 2018 — 4M Carbon Fiber Corp. (4M) announced today the appointment of Dr. Truman Bonds, co-inventor of atmospheric plasma oxidation for the production of carbon fiber, as the Company’s Chief Technology Officer (CTO). 4M recently announced a strategic pivot to manufacture low-cost carbon fiber using plasma oxidation and initiated oven design in 2017 while also starting fiber qualification activities. Dr. Bonds has been serving as director of 4M since April 4, 2017.
As CTO, Dr. Bonds will oversee the plasma oxidation technical aspects of the design, construction, commissioning and start-up of the industrial scale carbon fiber production lines. He will also oversee the fiber qualification program. Bonds has worked for several years with C.A. Litzler on the design of the commercial scale plasma oxidation ovens. This design is based on experience demonstrating the technology to international carbon fiber makers and operation of the industrial scale plasma oxidation test stand designed and built by Litzler and RMX Technologies, from which 4M licensed the plasma oxidation technology. Design of the initial production line is underway and site selection has been initiated.
“Part of my job is to assemble a world class technical team capable of building and operating the first-ever commercial scale plasma oxidation oven for the production of carbon fiber. We are well underway in making that happen. We added a PhD plasma engineer and other technical capabilities while we worked with the international carbon fiber producers to demonstrate the technology and minimize our technical risks,” said Dr. Bonds.
Rodney Grubb, 4M Chairman, said, “The carbon fiber makers consistently tell us that they know the technology works based on their testing. Now we have to scale it up, and Truman and the team he has put together are an important part of that plan.”
About 4M Carbon Fiber Corp.
Named for plasma, the fourth state of matter, 4M Carbon Fiber Corp. is headquartered in Knoxville, TN as a manufacturer specializing in using plasma oxidation equipment to make carbon fiber and oxidized PAN fiber. The Company holds the exclusive rights to commercialize an atmospheric plasma oxidation process that was co-developed by the Oak Ridge National Laboratory (“ORNL”) and RMX Technologies, LLC (“RMX”). With support from the U.S. Department of Energy and ORNL, RMX developed a revolutionary plasma-based carbon fiber oxidation technology and is supporting 4M Carbon Fiber Corp. in commercializing this technology to make carbon fiber. More information is available online at https://4mio.com.
Forward Looking Statements Disclaimer
This press release contains statements that are “Forward Looking” in nature (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). All statements regarding the Company’s financial position, potential, business strategy, plans and objectives for future operations are Forward-Looking statements. Many of these statements contain words such as “goal,” “aims,” “may,” “expect,” “believe,” “intend,” “anticipate,” “estimate,” “continue,” “would,” “exceed,” “should,” “steady,” “plan,” “potential,” “dramatic,” and variations of such words and similar expressions identify Forward Looking statements, but their absence does not mean that a statement is not a Forward-Looking statement. Because Forward Looking statements involve future risks and uncertainties, there are many factors that could cause actual results to differ materially from those expressed or implied. The Company cannot predict the actual effect these factors will have on its results and many of the factors and their effects are beyond the Company’s control. Any forward-looking statement made by the Company speaks only as of the date on which it is made. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise. Given these uncertainties, you should not rely too heavily on these forward-looking statements.
Agency Contact:
Chuck Morris
Morris Creative Group LLC
865-637-9869
[email protected]
Company Contact:
Josh Kimmel
[email protected]
https://4mio.com
