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NATEC, Inc., Plattsburgh, NY In December 2002, DCC Growth Fund provided $1,200,000 in a first closing and followed with $1,300,000 in a second closing in March 2003.
The Fund has since provided additional financing bringing the total equity investment to $3,620,000 in this manufacturer of polymer-cased ammunition. NATEC, Inc. is the sole developer and manufacturer of the first
viable, patented polymer-cased ammunition for both military and commercial use. It is disruptive technology that will revolutionize the ammunition industry.
The polymer was jointly developed with DuPont Corporation and the company holds patents on the manufacturing process. The polymer-cased ammunition round has several positive characteristics
that make it extremely attractive; including being safer, less expensive to manufacture at high production levels, and more environmentally friendly than conventional brass ammunition. The ammunition is about 25% lighter in weight than brass,
thus reducing the load of the soldier, which is a major focus and high priority of military programs.
For more information
click on the link to the company web site:
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