Alyn Looking for Foundry Site
COSTA MESA — A group of New York-area investors has made a major investment in Alyn Corp., providing a influx of capital that will enable the company, which produces industrial materials, to build its first foundry, the company announced Monday.
The investors, including Kingdon Capital Management Corp., Edelson Technology Partners and Andromeda Enterprises Inc., now own almost half of the Costa Mesa company, spokesman Warren Tucker said.
Alyn received a patent in January for a new metal mixture, Boralyn, which can be used in such products as golf clubs, bicycle frames, engine parts and nuclear waste storage vessels, the company said.
The company is looking for a building in Irvine for the foundry. “We have to turn down far more orders than we get simply because we can’t fulfill them,” Tucker said.
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