About CFOAM LTD
CFOAM® carbon foam has evolved into a highly desirable alternative to conventional materials in markets such as thermal insulation, fire proofing, and composite tooling, due to its excellent mechanical and thermal properties.
CFOAM LTD was formed in March 2016 as the holding company for the wholly owned US subsidiary Carbon Innovations, LLC to acquire assets, Intellectual Property, and 27 various patents from Touchstone Research Laboratories via an Asset Purchase Agreement. After a very successful Initial Public Offering that raised over $9M Australian dollars, the company was admitted to quotation on the ASX on 26 October 2016 under the ticker symbol CFO.
Touchstone Research Laboratories developed the CFOAM® products technology in the early 1990’s as part of an SBIR project for fire walls on US Navy Destroyers. CFOAM® carbon foam has evolved into a highly desirable alternative to conventional materials in markets such as thermal insulation, fire proofing, and composite tooling, due to its excellent mechanical and thermal properties.
In March 2017, Carbon Innovations also executed a commercial patent license agreement with UT_Battelle, LLC related to the production of pitch-based, graphite carbon foam products whereby Carbon Innovations will manufacture and sell these products under the PFOAM product line. This license agreement provides access to 10 patents and related IP for the production end use applications of PFOAM.
In October 2017, Carbon Innovations, LLC changed its name to CFOAM LLC, in order to better reflect its corporate identity and alignment with the promotion and development of the CFOAM® product technology and other carbon-based foam product technologies. CFOAM LLC remains a wholly-owned subsidiary of CFOAM LTD.
CFOAM LTD is headquartered in Perth, WA in Australia, while the company’s manufacturing operations and CFOAM LLC’s headquarters are located in Triadelphia, WV.
Mr. Steinepreis is a Chartered Accountant with significant corporate deal experience over the last 20 years. Mr. Steinepreis is the managing director of Ascent Capital, providing accounting, corporate, and management advice to numerous listed and non-public companies in the resources, technology, and manufacturing industries.
Mr Hoare has extensive capital markets experience – including fund raising, valuation, and trading across the globe. Mr. Hoard was previously a Director at Bank of America, Merrill Lynch in their Global Equities Division, as well as Portfolio Manager for Mulberry Capital.
CFOAM® is a registered trademark of CFOAM LLC.