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RavenWindow production line to be complete mid-2012

Post Time:Sep 02,2011Classify:Industry NewsView:66

RavenBrick officials announced Aug. 31 that the company has signed a letter of intent with Saridea Engineering to build a high speed automated production line for its RavenWindow technology. When complete, the line will produce 5 million square feet of product annually. The facility will be complete mid-2012, and RavenBrick plans to ramp up hiring to 200-plus employees, up from 12, by 2015.

"RavenBrick has a dynamic product offering that can change the way people view their windows and glass, and we needed an operation worthy of that, so we are confident that Saridea will build a world class manufacturing line," said Alex Burney, CEO, RavenBrick, in a company release.

RavenBrick recently received a $275,000 loan from the City & County of Denver for job creation, in addition a $700,000-plus loan from the Governor's Energy Office for entrepreneurship and job creation. The company has raised $6 million in angel capital and is currently raising a venture capital round of another $6 million, according to the release.

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Source: http://www.glassmagazine.com/news-item/commercial/ravenwindow-production-line-be-complete-mid-2012-118706Author:

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