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Henkel to invest in UK-based Additive Manufacturing pioneer ioTech

June 28/2021

MOSCOW (MRC) -- Henkel Adhesive Technologies, through its corporate venture capital arm Henkel Tech Ventures, has invested in ioTech, a UK-based start-up with an R&D footprint in Israel, aimed at strengthening its capabilities for innovative electronics solutions, according to EuropaWire.

THe startup is the developer of a disruptive Continuous Laser Assisted Deposition (C.L.A.D.) technology that enables the further miniaturization of a variety of applications in the electronics industry.

With the investment, Henkel aims to drive synergies between its customer demands and its material solutions, laser jetted with ioTech's disruptive technology.

Henkel Adhesive Technologies is a leading materials supplier for the electronics assembly and semi-conductor packaging industries. The advanced formulations include a range of products that facilitate electrical interconnect, provide structural integrity, offer critical protection and transfer heat for reliable performance. Leading customers around the globe rely on Henkel technologies for consumer electronics such as smartphones, for industrial applications ranging from cars to solar modules and medical applications as well as for infrastructural innovations such as 5G networks.

Founded in 2016, ioTech has developed an extremely fast, precise and unique non-contact deposition technology for almost any material as an open system. The nozzle-free laser jetting system enables high-resolution printing for up to six different materials at the same time, including polymers, metals, ceramics and bio-based materials. The speed and capacity of the technology allow for mass-manufacturing applications such as semi-conductor packaging and printed circuit boards manufacturing and assembly. Being an additive manufacturing technology, it creates an eco-friendly alternative to many traditional electronic manufacturing methods.

ďioTech is thrilled to get Henkelís vote of confidenceĒ, says Herve Javice, ioTech co-founder & CEO. ďTogether with Henkel, we have identified multiple applications in electronics manufacturing, where ioTechís system will enable new product developments and add significant value in terms of design flexibility and throughput. We highly appreciate Henkelís active support in introducing our cutting-edge technology successfully to key accounts. We view Henkelís investment in ioTech as a technology and commercial validation of our mission. We look forward to a successful and fruitful collaboration.Ē

As MRC informed earlier, in May 2021, Henkel announced the construction of a new Adhesive Technologies Innovation Center in Shanghai. With an investment of more than EUR60 mln (RMB 500 million), the state-of-the-art facility will transform Henkelís current Zhangjiang site into an Innovation Center for China and Asia-Pacific. The new site will also strengthen the position of Henkel Adhesive Technologies to serve a variety of industries and develop leading adhesives, sealants and functional coatings solutions for customers in the region.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased. At the same time, PP deliveries to the Russian market were 523,900 tonnes in January-April 2021, up by 55% year on year. Supply of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased.

Henkel Tech Ventures is the corporate venture capital arm of Henkel Adhesive Technologies, established in 2016. Headquartered in Dusseldorf, it functions as a connector between external innovators and Henkel. Through networking, consulting, partnerships and investments, the unit supports the growth of startups and at the same time enhances Henkelís new business development efforts.

Founded in 2016, ioTech is headquartered in London, UK with its R&D activities in Israel. ioTech is a fast-growing venture that has developed Continuous Laser Assisted Deposition (C.L.A.D.), the worldís first Additive Manufacturing technology that can process most standard industrial materials. ioTechís system can print and combine multiple (flowable) materials at high resolution and high speed, offering the flexibility of dispensing at the speed of screen printing.
Author:Margaret Volkova
Tags:PP, PE, petrochemistry, adhesives, Henkel, UK, Israel, China.
Category:General News
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