SUMTEQ
Tuesday, 15. November 2016

SUMTEQ

va-Q-tec increases stake in high-tech materials company SUMTEQ

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 further funds for its further development.

In addition to the equity investment, both companies are also linked by a strategic partnership. Joint objectives include the pilot testing and 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'll be happy 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 fit excellently into our long-term technology roadmap," notes Dr. Joachim Kuhn, co-founder and CEO of va-Q-tec AG.

 

Press contact

va-Q-tec AG
Moritz von Wysiecki
Telephone: +49 931 35942 - 1859
e-Mail: Moritz.von.Wysiecki@va-q-tec.com