GOOSE portfolio company NuMat receives $9M contract with the U.S. Army
NuMat Technologies received a $9 million contract from the US Army Research, Development, and Engineering Command Chemical and Biological Center (RDECOM C&B). The contract is to develop and manufacture the next-generation materials that will protect and sustain the warfighter.
NuMat is the first company in the world to commercialize MOF’s (metal organic frameworks), applying them first in the electronics and specialty gas sectors, but with potential applications in life sciences, energy and industrial sectors. With the new funding, NuMat will build the world’s first dedicated, commercial-scale manufacturing site for MOF’s and a state-of-the-art application development lab for next-generation filtration and purification technologies.
NuMat Technologies a U.S. based tech company innovating at the intersection of high-performance computing, chemistry, and engineered systems. NuMat’s technology is from Northwestern University and the team won the 2012 Rice Business Plan Competition. Jay Collins, GOOSE President, is on their Board of Directors.
Goose Capital, Inc. is an investment firm comprised of former Fortune 500 executives, industry leaders, and serial entrepreneurs. Membership in Goose Capital is limited to executives who have founded or run major enterprises and who are willing to invest in and mentor early stage companies. Goose Capital primarily invests in early-stage companies with proprietary and disruptive technology, manageable capital needs, large addressable markets, the prospect for high margins and an exit strategy within a five-year time period. It typically invests in convertible debt and Series A preferred stock, although it reserves capital for follow-on investments in its portfolio companies.