Nanotecture operational update

Nanotecture Ltd

 

(“Nanotecture” or “the Company”)

 

Operational Update

process refined, technology ready for market, integration partners engaged

 

Nanotecture Ltd, an innovative company with patented nanoporous technologies for multiple applications such as energy storage, in which Foresight is an investor, today issues an update on its operations. During the past 24 months the Company achieved its key milestone, preparing its unique technology platform for commercialisation – initially in the core supercapacitor market.  Wider application of its technology in efficient energy storage will follow, as will broader adoption in other potential applications such as solar energy, drug delivery (as a nano-carrier) and catalytic materials.

 

Highlights during the period:

·         Stabilised and refined the liquid crystal templating process for nanoporous material production

·         Proved that the technology improves energy and power density for supercapacitors, opening up the initial high power energy storage market

  • Made significant progress in electro-deposition techniques, starting with nanoporous nickel, but applicable to other metals

·         Produced prototype products and demonstration units

·         Strengthened the management team to drive business and build partnerships

·         Identified new applications for the nanoporous materials produced

  • Further enhanced relationships with committed shareholders, ensuring that the business is fully-funded during the initial commercialisation period

 

Nanotecture’s technical team spent the last 24 months refining, stabilising and documenting the nanoporous material production process, allowing the Company to manipulate conditions to produce ‘tailored’ materials with a specific number and size of pores. The material produced is a fine, green powder (micron sized) which is used to coat electrodes.  In addition the team has developed a thin film process which directly deposits nanoporous metal onto the electrode.  Both methods increase the charge and discharge rates of materials in supercapacitors, and are chosen to match the end application requirement. Whilst Nanotecture has the capacity to carry out initial material manufacturing in-house, it is also greatly encouraged that the powder process has been verified by a major European chemical company and, in trials, it was proved that the process is fully scalable.

 

The appointment in 2008 of Michael Stevens and Bill Campbell as Chairman and Chief Executive respectively has significantly strengthened Nanotecture’s management and commercial capabilities. Both Bill and Michael bring extensive experience in driving growth companies within the engineering sector. The team was further bolstered by Dr. Gilles Y. Champagne, renowned within the materials industry as an expert in electrochemistry, who joined Nanotecture as Chief Technical Officer in June 2009.  To support the commercial growth of the Company, Andrew Marshall joined in August 2009 as Director of Business Development.  The internal promotion of materials scientists Dr. Kate Amos and Dr. Toby Gordon-Smith, who now lead a technical team of 10, will further accelerate both technology development and application.

 

Bill Campbell, Chief Executive officer of Nanotecture commented: “Nanotecture has made tremendous progress over the past two years. We have deliberately kept our heads down while we optimised our processes to bring the technology to a stage where we can unveil it to initial markets and demonstrate it to potential partners. In the energy management sector, in particular, we have now gathered a large amount of comparative data from over 6,000 hours of continuous testing that proves the superior performance and life cycle of our nanoporous materials over nonporous equivalents in supercapacitors. We are extremely encouraged by the reaction that Nanotecture’s technology has generated within the energy industry worldwide.

 

“Nanotecture’s primary goal now is to accelerate our work with manufacturers and distributors to incorporate our unique materials and cell chemistry into end products, initially in the renewables and electric vehicle industries, while continuing to keep our eye on potential applications in other sectors.”

 

 

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