# Gibbs International issues letter of intent to fund Echelon Materials' TiTek loom

Echelon Materials received a $750,000 letter of intent from Gibbs International to fund manufacture of a loom to mass produce TiTek fabric for commercial armor. The funding is conditional on Echelon raising an additional $450,000.

- Type: Investment
- Announced: 2018-12-13
- Where: United States
- Value: $750K
- Status: announced
- Products: TiTek fabric, production loom
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Echelon Materials](https://endata.com/companies/36140.md)
- [Gibbs International](https://endata.com/companies/36141.md) (investor)

## Sources

- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2018/12/gibbs-international-inc-issues-letter-of-intent-to-fund-echelon-materials-proprietary-production-loom/), 2018-12-13: "We are excited to partner with Mr. Muller and the Echelon team."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.