Nanotechnology Now - Press Release: TenasiTech secures additional $509,000 funding to bring scratch resistant acrylics to the world

Home > Press > TenasiTech secures additional $509,000 funding to bring scratch resistant acrylics to the world

Abstract:
TenasiTech has been awarded a major grant from the Australian Government to bring its nano-additives for acrylic glass to the global market.

TenasiTech secures additional $509,000 funding to bring scratch resistant acrylics to the world

Boston, MA | Posted on June 5th, 2015

As a recipient of support under the Australian Government’s Accelerating Commercialisation program, TenasiTech will receive AU$509,000 to complete the marketing phase of its radical approach to toughen the surface of acrylic glass.

CEO, Richard Marshall, said, “We are thrilled by the support offered by this grant. Companies are showing strong interest in having more durable, glossy surfaces inside cars, around computer screens and in the many other uses for acrylic glass. This is something we offer in a simpler and cheaper way than the current coating techniques.”

TenasiTech has developed an additive product, SOLID-TT™, for acrylic glass to withstand scratching and maintain its glossy appearance. The poor scratch resistance of acrylic glass is a key barrier to the more widespread replacement of traditional glass.

Mr Marshall added, “We offer a solution which is safe, easy to incorporate and cheaper for manufacturers of acrylic sheets and injection molded parts. What’s more, our solution allows more design options to our customers, as the plastic can be shaped and bent unlike our competitors.”

TenasiTech operates globally, with facilities in Australia and the US. The company owns and controls a number of patent applications and granted patents.

####

About TenasiTech
TenasiTech is a materials company making plastics perform at levels not thought possible – at industrial cost – selling nanotechnology additives. One product dramatically improves 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. Subsequently, the company secured investment from Uniseed Ventures, an Australian seed stage investor, and most recently from angel investors from Brisbane and Melbourne Angels.

For more information, please click here

Contacts:
Richard Marshall
Phone: 5185725827
Fax: 5185725827

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: