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FutureVest buys out Barotex Technology
17 Dec '07
3 min read
Garrett K. Krause, Managing Director of FutureVest Inc announced that FutureVest has acquired 100% of the issued and outstanding stock of Barotex Technology Inc from Zicron Corporation.
The closing of these acquisitions provides for an immediate spin out of its subsidiary, FutureVest Group, Inc., which holds ownership of all FutureVest investments and operating subsidiaries, to its shareholders of record.
Barotex Material Company was founded in 1996 by Lilo Beuzieron and was incorporated as Barotex Technology, Inc. in 2004 after 8 years of intense research and development. Barotex prime function was to design, develop and bring to market a specialty composite type fiber with application in a multitude of markets as a woven fabric, filament wound configuration, continuous weave product, a chopped fiber and a spun fiber that has high-heat resistance and sound deadening/insulating properties.
Barotex fibers are currently processed out of mineral rocks of volcanic origin through multiple confidential patented processes. The base fibers formulated with carbon or ceramic fibers and/or various metals have been developed into new hybrid composite type materials and technologies to open a new page in 21st Century fiber material science.
Depending upon the weave and composite material introduced into the fibers, BAROTEX can work as a replacement for Carbon Fiber, Kevlar and other such high demand materials.
The closing of these acquisitions provides for an immediate spin out of its subsidiary, FutureVest Group, Inc., which holds ownership of all FutureVest investments and operating subsidiaries, to its shareholders of record.
Barotex Material Company was founded in 1996 by Lilo Beuzieron and was incorporated as Barotex Technology, Inc. in 2004 after 8 years of intense research and development. Barotex prime function was to design, develop and bring to market a specialty composite type fiber with application in a multitude of markets as a woven fabric, filament wound configuration, continuous weave product, a chopped fiber and a spun fiber that has high-heat resistance and sound deadening/insulating properties.
Barotex fibers are currently processed out of mineral rocks of volcanic origin through multiple confidential patented processes. The base fibers formulated with carbon or ceramic fibers and/or various metals have been developed into new hybrid composite type materials and technologies to open a new page in 21st Century fiber material science.
Depending upon the weave and composite material introduced into the fibers, BAROTEX can work as a replacement for Carbon Fiber, Kevlar and other such high demand materials.
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