Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

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

X-ray photoelectron spectroscopy under real ambient pressure conditions June 28th, 2017

Nanometrics to Participate in the 9th Annual CEO Investor Summit 2017: Accredited investor and publishing research analyst event held concurrently with SEMICON West and Intersolar 2017 in San Francisco June 27th, 2017

NMRC, University of Nottingham chooses the Quorum Q150 coater for its reliable and reproducible film thickness when coating samples with iridium June 27th, 2017

Picosun’s ALD solutions enable novel high-speed memories June 27th, 2017

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

Forge Nano 2017: 1st Quarter Media Update April 20th, 2017

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Caught on camera -- chemical reactions 'filmed' at the single-molecule level March 22nd, 2017

Harris & Harris Group Issues Its Financial Statements as of December 31, 2016, Posts Its Annual Shareholder Letter, And Will Host a Conference Call for Shareholders on Friday, March 17, 2017 March 15th, 2017

Materials/Metamaterials

Atomic imperfections move quantum communication network closer to reality June 25th, 2017

Rice U. chemists create 3-D printed graphene foam June 22nd, 2017

Alloying materials of different structures offers new tool for controlling properties June 19th, 2017

Smart materials used in ultrasound behave similar to water, Penn chemists report June 16th, 2017

Announcements

X-ray photoelectron spectroscopy under real ambient pressure conditions June 28th, 2017

Nanometrics to Participate in the 9th Annual CEO Investor Summit 2017: Accredited investor and publishing research analyst event held concurrently with SEMICON West and Intersolar 2017 in San Francisco June 27th, 2017

NMRC, University of Nottingham chooses the Quorum Q150 coater for its reliable and reproducible film thickness when coating samples with iridium June 27th, 2017

Picosun’s ALD solutions enable novel high-speed memories June 27th, 2017

Automotive/Transportation

Leti’s Autonomous-Vehicle System Embedded in Infineon’s AURIX Platform: Leti’s Low-Power, Multi-Sensor System that Transforms Distance Data into Clear Information About the Driving Environment Will Be Demonstrated at ITS Meeting in Strasbourg, June 19-22 June 20th, 2017

Development of low-dimensional nanomaterials could revolutionize future technologies June 15th, 2017

GLOBALFOUNDRIES Launches 7nm ASIC Platform for Data Center, Machine Learning, and 5G Networks FX-7TM offering leverages the company’s 7nm: FinFET process to deliver best in class IP and Solutions June 13th, 2017

Leti Announces Two New Tools for Improving Transportation Comfort, Safety and Efficiency: Wearable Device Measures Stress Responses for Travelers, Pilots and Truck Drivers, While Smartphone App Provides Transit Agencies Broad Data on Transport Modes June 13th, 2017

Home

Rice lab expands palette for color-changing glass: Nanophotonics team creates low-voltage, multicolor, electrochromic glass March 8th, 2017

Chemists Cook up New Nanomaterial and Imaging Method: Nanomaterials can store all kinds of things, including energy, drugs and other cargo January 19th, 2017

Industrial Nanotech, Inc. Announces Plans to Spin Off New Product Line to Major Paint Compan November 9th, 2016

New flexible material can make any window 'smart' August 23rd, 2016

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