A$1.55 million funding to commercialise novel fire protection materials 26.11.04
Ceram Polymerik Pty Ltd, an innovative Melbourne based material sciences start-up, today announced that it recently finalised a $1.55 million investment by a syndicate of investors led by Starfish Ventures.
Ceram Polymerik was formed by the Cooperative Research Centre for Polymers in order to commercialise novel polymer ceramic composites. These composites behave like polymers under normal processing conditions but turn into hard ceramics when exposed to high heat and fire - thereby creating a life-saving fire barrier.
Ceram Polymerik’s technology provides the basis for development of a range of advanced fire protection products which can be used in multiple industries, including construction, electrical, automotive and defence. Ceram is already working with several international companies to develop innovative fire protection solutions, and received expressions of interest from numerous other companies also wishing to develop further applications and technologies.
Ian Dagley, CEO of the CRC for Polymers, said “the funding will enable us to start sales of several product lines. We expect Ceram Polymeric to be selling sealing and foaming product early next year”.
Nick Peace, Investment Manager from Starfish Ventures stated “Starfish and our co-investors were impressed by the core technology that the CRC for Polymers has developed and by the high calibre international companies willing to partner with Ceram Polymerik to develop superior fire protection products. We are delighted to be working in partnership with the CRC for Polymers and with the Ceram Polymerik team”.
For further details, contact:
Tel: +61 0417 114 519