LENOIR CITY, TENNESSEE - DECEMBER 24, 2019
Industrial Device Investments LLC (IDI) is pleased to announce that it has made a minority investment in Proton Power, Inc. (PPI), and IDI Founder John Dalton has accepted a Board of Directors seat.
PPI, based in Lenoir City, Tenn., was founded in 2005 by Dr. Sam Weaver and Dan Hensley who developed a proprietary gasifier system, for the cost-effective conversion of a wide variety of biomass feedstocks into synthetic fuel or electricity. In addition, PPI systems produce a high quality, semi-activated carbon biochar with valuable agricultural and industrial applications. PPI systems are financially viable at a small scale, and the process saves businesses on capital and production costs in an environmentally friendly way. An exciting recent development is the ability to produce high quality graphene at quantity, using a proprietary secondary processing of the biochar by-product of the gasifier system.
“PPI has very talented people, incredible technology, environmentally, economically and socially beneficial systems and now graphene.” said Dalton. John joins the PPI board along with an ongoing role to support the operations, technology, finance, and sales and marketing teams.
PPI has five locations and more than 135 employees.
Mike Rubinger of Nelson Mullins provided legal support for IDI.
About Industrial Device Investments
IDI is a southeast based investment company established by John Dalton, a three-decade industrial products veteran. IDI invests long term, patient capital, with a tight focus on technology-enabled industrial product companies. IDI speaks operations, not just finance, and partners with business leaders to build strong companies, elevate communities and solidify legacies. IDI also includes Sandy Dalton, A.J. Bernstein and Tammie Hernandez. Web: www.idinvest.net