Colymer Industries, LLC, a Bethlehem, Northampton County, PA-based provider of a new, proprietary, non-asphalt roofing and waterproofing material called Tarzanite™, raised $50k in funding.
The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) made the investment.
The company intends to use the funds to increase its marketing and sales strategy to commercialize Tarzanite™.
Colymer has developed Tarzanite, a proprietary not water-soluble bitumen that can protect for up to 100 years. The material is expected to outlast traditional asphalt-based materials by at least a factor of two. This work will involve new product variations for the sealing and paving of roads and a new product for line-marking.