CFOAM— Recent tests in North Carolina to determine the feasibility of mass producing locally created carbon foam exceeded expectations.
The short-term result could be a new plant and additional jobs locally in the coming months.
CFOAM, a coal byproduct, is traditionally created in an autoclave with much time and expense. But CFOAM, LLC received a $2.4 million grant late in December from the U.S. Department of Energy to further its research into mass producing its CFOAM product, and making it more affordable for high levels of use.
So the DOE gave Cfoam a 2.4m grant to help us be able to mass produce Cfoam for high level use, they want it done as much as we do.
Strong buy on all MA
Today volume was over 17% of publicly available shares
CFO Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held