15.11.2016
va-Q-tec AG DE0006636681
DGAP-News: va-Q-tec AG increases stake in high-tech materials company SUMTEQ
DGAP-News: va-Q-tec AG / Key word(s): Investment
va-Q-tec AG increases stake in high-tech materials company SUMTEQ
15.11.2016 / 12:18
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
va-Q-tec increases stake in high-tech materials company SUMTEQ
Würzburg / Cologne, 15th November 2016. va-Q-tec AG (ISIN DE0006636681 /
WKN 663668), a technologically leading provider of highly efficient
products and solutions in the field of thermal insulation, is increasing
its equity stake in SUMTEQ GmbH, a young technology company that develops
innovative polymer nanofoams with outstanding insulation properties. These
nanofoams are lightweight, long-lasting and structurally very robust,
thereby constituting a valuable extension of va-Q-tec's high-performance
product portfolio.
va-Q-tec AG initially acquired an equity stake in SUMTEQ GmbH in autumn
2015. As important technological and sales milestones have been achieved
ahead of time, va-Q-tec AG is now supporting SUMTEQ GmbH with additional
funds for its further development.
In addition to the equity investment, both companies are also linked by a
strategic partnership. Joint objectives include pilot testing and the
market launch of SUMTEQ products as a further high-performance insulation
material, as well as knowledge exchange on the development and production
of nanoporous and mesoporous foams. The strategic partnership offers both
companies the possibility to contribute their respective expertise and
consequently create added value for their customers.
"We're pleased to have va-Q-tec on board as an important investor as they
are the undisputed technology leader in the VIP area. Our joint medium-term
target over the coming years is to commercialise our unique products and
further extend our technological innovation lead position," comments Dr.
Alexander Müller, Managing Director with responsibility for Marketing and
Sales at SUMTEQ.
"As an innovative start-up SUMTEQ with its new type of nanofoam possesses a
highly interesting and groundbreaking product for many markets - we are
delighted to contribute our expertise to assist its market launch. The
SUMTEQ technology has the potential to fundamentally revolutionise nanocell
foam production. We're convinced SUMTEQ's nanofoams provide an excellent
supplement to our VIPs, they are a great fit for our long-term technology
roadmap," notes Dr. Joachim Kuhn, co-founder and CEO of va-Q-tec AG.
+++END+++
Press contact
va-Q-tec AG
Rosemarie Kmitta
Marketing Operator
Telephone: +49 931 35942 - 2937
Email: [email protected]
SUMTEQ GmbH
Dr. Alexander Müller
Managing Director / Marketing & Sales
Luxemburger Str. 90
50939 Cologne
Telephone: +49 221 93371340
Email: [email protected]
About va-Q-tec
va-Q-tec is a leading provider of highly efficient tech products and
solutions in the field of thermal insulation. The Company develops,
manufactures and sells innovative, thin vacuum insulation panels ("VIPs")
and phase change materials ("PCMs") for reliable and energy efficient
temperature control and insulation. Furthermore, by optimally integrating
VIPs and PCMs, va-Q-tec manufactures passive thermal packaging solutions
(containers and boxes), which offer constant temperature conditions between
24 and over 200 hours without using external energy sources. Within its
rental services business, the company has built a global partner network to
provide for an extensive fleet of containers and boxes fulfilling highly
demanding thermal protection standards in temperature sensitive supply
chains. Besides Healthcare & Logistics as main market, va-Q-tec addresses
additional markets such as Appliances & Food, Technics & Industry, Building
and Mobility. The strongly growing Company was founded in 2001, and has its
headquarters in Würzburg. More information on va-Q-tec under www.va-q-
tec.com.
About SUMTEQ
SUMTEQ GmbH, based in Cologne, was founded in 2014. Using an innovative and
patented production process, SUMTEQ is the first company in the world to
develop polymer nanofoams with pores in the micron and submicron range for
the production on an industrial scale. The foams offer a unique combination
of material properties enabling a highly efficient insulation performance.
The major mid-term targets are the commercialization of these unique foams
and the expansion of the technological advantage in the following years.
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15.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: va-Q-tec AG
Karl-Ferdinand-Braun Str. 7
97080 Würzburg
Germany
Phone: +49 (0)931 35 942 0
Fax: +49 (0)931 35 942 10
E-mail: [email protected]
Internet: www.va-Q-tec.com
ISIN: DE0006636681
WKN: 663668
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart,
Tradegate Exchange
End of News DGAP News Service
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