ABQ Journal: Investors finance Vibrant’s growth

Kevin Robinson-Avila at the Albuquerque Journal wrote an article Saturday regarding our recent funding of Lem Hunter’s Vibrant Corporation.

An excerpt of the article is below:

“Albuquerque-based Vibrant Corp. has raised $680,000 from local investors to help manage rapidly expanding demand for its aircraft-component testing services.

The Verge Fund, the New Mexico Angels and other individual investors contributed to Vibrant’s latest capital raise, which brings the company’s total private equity since launching in 2007 to more than $3 million.

The new investment provides Vibrant – which conducts non-destructive testing on aircraft parts with proprietary technology originally developed at Los Alamos National Laboratory – with ready capital to cover expenses for services to manufacturing and repair companies, said President and CEO Lem Hunter.

“This lets us respond to customer requests without blinking,” Hunter said. “If we get a call (for services) from Singapore, we need to be able to say ‘yes’ right away without worrying where to get the $10,000 to send two people there for two weeks.”

FULL ARTICLE

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