Nanotechnology Now





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > TenasiTech secures investment to ‘toughen up’ acrylic glass

Abstract:
TenasiTech Pty Ltd is pleased to announce that it has secured almost a million dollars in investment to drive the commercialisation of its range of plastics nanoadditive products. A consortia of Angels from the Australian groups, Brisbane Angels and Melbourne Angels, have committed AU$485,000 in equity capital, and original investor, Uniseed, has committed with another AU$450,000.

TenasiTech secures investment to ‘toughen up’ acrylic glass

Boston, MA | Posted on May 1st, 2014

TenasiTech CEO, Richard Marshall, said "We are thrilled with the continued support from Uniseed, and the show of commitment from our new investors drawn from the Brisbane and Melbourne angel investor community."

"One of our products solves the issue of surface scratching for acrylic glass (sometimes known as Plexiglas®). The poor scratch resistance of acrylic glass is a key barrier to the more widespread replacement of traditional glass. Our nanoadditive products allow our customers to design plastic sheets, and other parts, which are more durable as they are less prone to surface defects when handled. The uses include for car interiors, glossy panels for kitchen doors and stair handrails. And the acrylic glass market is very large - in the order of $6B globally - so our investors are attracted to the commercial potential for our technology."

TenasiTech Chairman, Dr David Evans, said "TenasiTech has products in multiple polymer families including acrylic glass and polyurethane elastomers. So our products work in both the ‘soft-and-stretchy' types, as well as the 'hard-and-clear' thermoplastics such as acrylic glass. We work with global market leaders in each application area - our strategy is to work with companies who are top five in their respective markets, regardless of their geographic location".

The additive technology originates from research of Professor Darren Martin at The University of Queensland, who continues to be active with the company as its Chief Scientist. The technology was licensed to TenasiTech in 2007 by UniQuest, The University of Queensland's main commercialisation company. The company subsequently received seed funding from Uniseed and has been the recipient of grant funding with COMET and Commercialisation Australia from the Federal Government. In addition the company was a grant recipient under the Queensland Government's Research Partnerships Program, which helped TenasiTech establish a prototype production facility in Brisbane in 2013.

The company owns and controls a number of patent applications. Its founding patent applications have progressed through to grant in key markets. Additional patent applications were in-licensed by TenasiTech in 2013 and continue to progress in several of the major markets for plastics additives.

####

About TenasiTech Pty Ltd
TenasiTech is a materials company which allow plastics to perform at levels not thought possible – at industrial cost – selling nanotechnology additives. One product doubles the scratch resistance of acrylic sheets and molded products (PMMA). Unlike competitors, we allow users to reshape the resulting acrylic. We also sell a product range, our Adaptive Polyols™, to improve thermoplastic polyurethanes (TPUs), specifically toughness or operating temperature. These improvements are made with no trade-off in the material’s clarity or flexibility. TenasiTech has operations in Boston, USA and Brisbane, Australia, and has manufacturing capability in the USA, Germany and Australia. The underlying patented technology was developed at The University of Queensland and was licensed from UniQuest, the main technology transfer company at The University of Queensland, to TenasiTech in 2007.

About Brisbane Angels www.brisbaneangels.com.au

Brisbane Angels is a group of private investors who actively invest in early stage companies in the material sciences, food tech, clean tech, IT and life sciences sectors. Brisbane Angels provides emerging companies with seed and start-up capital through direct investment as well as offering introductions to valuable contacts essential to a young company's success. To date in the current financial year (9 months) Brisbane Angels has made 12 transactions for a total of $2.29 Million.

About Melbourne Angels www.melbourneangels.net

Melbourne Angels is a group of private investors who actively invest in early stage technology companies. Melbourne Angels provides start-up capital as well as strategic guidance, mentoring and introductions to help accelerate company growth.

About Uniseed www.uniseed.com

Uniseed is a $61 million commercialisation fund operating at the Universities of Queensland, New South Wales and Melbourne. Apart from these three universities, Australian Super, one of Australia’s largest superannuation funds, is also a member. Uniseed has made over 30 investments in technologies arising from its partner universities, including Vintela (AVCAL Best Early Stage Deal 2005) and QRx-Pharma (largest biotech IPO in ASX history).

Contacts:
Richard Marshall
CEO

+1 518 572 8572

Copyright © TenasiTech Pty Ltd

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Discovery of nanotubes offers new clues about cell-to-cell communication July 2nd, 2015

Nanospiked bacteria are the brightest hard X-ray emitters July 2nd, 2015

Engineering the world’s smallest nanocrystal July 2nd, 2015

Producing spin-entangled electrons July 2nd, 2015

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Harris & Harris Group Portfolio Company, AgBiome, Announces Partnership to Accelerate the Discovery of Next Generation Insect-Resistant Crops July 1st, 2015

Chivalrous Knight Does Pro Bono June 27th, 2015

Exagan Raises €5.7 Million to Produce High-efficiency GaN-on-Silicon Power-switching Devices on 200mm Wafers: Leti-and-Soitec Spinout Focused on Becoming Leading European Source Of GaN Devices for Solar, Automotive, Telecoms and Infrastructure June 25th, 2015

Harris & Harris Group Portfolio Company D-Wave Systems Announces 1,000 Qubit Processor and is Discussed in the Economist June 23rd, 2015

Materials/Metamaterials

New technology using silver may hold key to electronics advances July 2nd, 2015

NIST Group Maps Distribution of Carbon Nanotubes in Composite Materials July 2nd, 2015

Proposed TSCA Nanomaterial Rule ‘Premature’, Says Former EPA Toxicologist July 1st, 2015

NEI Announces the Issuance of Multiple Patents on Self-Healing & Superhydrophobic Coatings June 30th, 2015

Announcements

Nanospiked bacteria are the brightest hard X-ray emitters July 2nd, 2015

Engineering the world’s smallest nanocrystal July 2nd, 2015

Producing spin-entangled electrons July 2nd, 2015

NIST Group Maps Distribution of Carbon Nanotubes in Composite Materials July 2nd, 2015

Automotive/Transportation

June 29th, 2015

Buckle up for fast ionic conduction June 16th, 2015

A protective shield for sensitive catalysts: Hydrogels block harmful oxygen June 15th, 2015

Slip sliding away: Graphene and diamonds prove a slippery combination June 10th, 2015

Home

Solar cells in the roof and nanotechnology in the walls June 16th, 2015

Industrial Nanotech, Inc. Continues Global Development Focus on Original Equipment Manufacturer (OEM) Applications: Industrial Nanotech Continues Connecting With Manufacturers Who Seek Out Their Patented Thermal Insulation and Protective Coatings June 11th, 2015

Industrial Nanotech, Inc. Article About the Evolution of Roof Coatings in Durability + Design Magazine June 9th, 2015

Industrial Nanotech, Inc. Announces Official Launch of the Eagle Platinum Tile™ May 19th, 2015

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project