Stillwater company raises $1 million to produce high-tech materials

Published: Wednesday, September 2, 2020 By: Dale Denwalt Source: NewsOK

Stillwater's MITO Material Solutions recently closed a $1 million funding round, which will help it complete a pilot project and fully enter the market with its nano-additive products.

Based on research that began at Oklahoma State University, MITO creates hybrid nanoparticles using graphene oxide, which can be used in resins, solvents and coatings.

After it's cured, the microscopic mixture resembles a honeycomb structure and can then be added to layers of fiberglass, Kevlar or other materials. The graphene oxide also helps to conduct heat.

MITO was launched in 2018 and quickly earned funding. The Oklahoma Center for Advancement of Science and Technology awarded a grant for nearly $390,000 over three years, and the National Science Foundation Small Business Innovation Research Program has given MITO $954,880.

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