Michigan State University spin-off firm XG Sciences selling stake to steelmaker

The MSU spin-off XG Sciences has partnered with a large global steelmaker and has doubled its local staff in the last few months.

According to excerpt of the article:

High-tech manufacturer XG Sciences Inc. is selling a 20 percent stake to South Korean POSCO, a steel producer with subsidiaries in the energy, construction, logistics, mining and materials markets.

The arrangement will speed up development of XG Sciences' nanomaterial and help it continue to hire more scientists and engineers, said Scott Murray, vice president of operations.

Read the entire article here.
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