On track to deliver its first international sales in the Mechanical Rubber Good "MRG" market ahead of its financing round later this year
Online PR News – 29-June-2015 – Yavne, Israel – June 28, 2015 – SP Nano Ltd, a world leader in innovative nanotechnology for enhanced textiles and composite materials, presented at the New York Venture Summit on June 24, 2015 at the Digital Sandbox Network Event Center in Manhattan.
The 15th annual New York Venture Summit, presented by youngStartup Ventures, is the premier industry gathering connecting venture capitalists, corporate VCs, angel investors, technology transfer professionals, senior executives of early stage and emerging growth companies, university researchers, incubators and premier service providers.
SP Nano was among 50 innovative and emerging companies to attend the summit and presented in advance of its upcoming growth capital investment round to scale up its production capabilities and to support its international go-to-market strategy.
Eyal Shpilberg, CEO of SP Nano noted, "Our vision of being an enabling technology to create enhanced, higher performance textile and composites products is being realised this year with first sales of our breakthrough solution for the MRG market. This is the first of several new solutions that we will be introducing to the market in the coming years. Additionally, we are privileged to be a part of the top 50 emerging companies to present at this exciting event."
In addition to its solution in the MRG market, several defense customers have already successfully applied SP Nano’s SP1 technology for the reinforcement of carbon fiber, benefiting from the scale and advantages of using nanotechnology in composites.
About SP Nano Ltd.:
Established in 2007, SP Nano is a nanotechnology company commercializing the use of carbon-based nanoparticles in the rapidly growing mechanical rubber goods (MRG) and composites markets. The €84 billion composites market includes raw materials such as carbon/glass fiber and aramid, and is commonly used in industries such as aerospace, construction, automotive and marine, wind energy and sports equipment. SP Nano’s proprietary SP1 technology can significantly improve the performance properties of composites; enabling cost-effective manufacture of stronger and lighter parts. From its headquarters in Israel, SP Nano is working in close cooperation with a number of leading multinational companies to develop a range of innovative new commercial products for various end-markets.