Roctool goes public

Roctool has gone public and increased its capital by €3.2 million to help it continue research and develop and to build pilot facilities in Europe, the U.S. and Japan.

RocTool (Le Bourget du Lac, France), developers of molding technologies for composite materials, announced on March 21 that it has successfully realized a private placement with qualified investors and an increase of capital of €3.2 million, to help it launch new technologies, continue investment in research and developoment and to enlarge the patent portfolio, accelerate marketing and sales development, hire staff and install pilot facilities in Europe, the U.S. and Japan.

RocTool was listed on the March Libre Euronext Paris on March 26, 2008, under the ISIN code: FR0010523167. Alexandre Guichard, CEO of RocTool, says that the stock market listing is a turning point in RocTool's history, which will accelerate international development. Created in 2000, RocTool is a specialist in the conception and technology development for composite material molding. The process perfected by RocTool is patented and presents many advantages such as reduced production cycle time and cost reduction of the produced parts. In 2007 RocTool realized sales figures of €1.03 million and by 2012 foresees its sales figures to be close to €10 million and a net result of €2.5 million.