Vibrant Secures $3.35 Million to Advance Non-Destructive Testing Technology

Leading impact investing firm Advantage Capital has recently unveiled its strategic investment of $3.35 million in Vibrant Corporation, an innovative non-destructive testing (NDT) technology company. This pivotal funding round was spearheaded by Advantage Capital, joined by a consortium of existing Vibrant shareholders. The capital infusion will be harnessed to fuel workforce expansion and ramp up production capabilities.

Since its inception in 2006 within the vibrant landscape of Albuquerque, New Mexico, Vibrant Corporation has emerged as a frontrunner in the NDT sector. The company has pioneered a profoundly pragmatic approach to Process Compensated Resonance Testing (PCRT), a methodology rooted in vibrating objects to gauge their structural integrity. This technique, initially conceived at the Los Alamos Laboratory, has been adeptly harnessed by Vibrant to offer unparalleled solutions.

A significant milestone for Vibrant unfolded in late 2021 as it partnered with Collins Aerospace to revolutionize non-destructive testing. By implementing PCRT, Vibrant successfully replaced an environmentally adverse and labor-intensive NDT process for commercial aircraft wheels across a spectrum of Boeing and Airbus models. The infusion of capital will expedite the construction and deployment of additional testing machines, with a focal point on commercial aircraft wheels. A substantial portion of the funding will be channeled into the creation of advanced PCRT systems, bolstering Vibrant's dynamic service offerings in the Aerospace, Power Generation, and Automotive domains.

Vibrant is not only dedicated to innovation but is equally committed to nurturing its local ecosystem. The company's manufacturing ethos prioritizes Albuquerque suppliers, spotlighting local contract manufacturers and distributors whenever possible.

This funding is aligned with the Federal New Market Tax Credit (NMTC) Program, a pivotal initiative designed to attract investments in economically challenged communities. By stimulating private investment, the program addresses the financing gap faced by businesses in distressed regions. This support translates into catalyzing job growth and catalytic economic development in the areas that stand to benefit most.