According to filings with the U.S. Securities and Exchange Commission, VEIR is raising $24,902,885.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Tim Heidel played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About VEIR
VEIR is developing a new generation of High Temperature Superconductor (HTS)-based transmission lines. VEIRs evaporative cooling architecture delivers 20 times the cooling power per kilogram of coolant flow compared to conventional approaches. VEIRs innovations will enable reliable, low loss, costeffective HTS-based transmission over long distances in narrow rightsofway, connecting the lowest cost renewable power to where its needed, when its needed.

To learn more about VEIR, visit http://veir.com/

Contact:
Tim Heidel, Chief Executive Officer
617-416-6847
https://www.linkedin.com/in/timheidel

SOURCE: http://www.intelligence360.io
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