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Air Products and Nanogate Technologies Announce Agreement and Formation of Joint Venture Company in Germany

Published on 2004-05-25. Author : SpecialChem

 

Air Products and Chemicals, Inc. (NYSE: APD) and Nanogate Technologies GmbH, one of the leading chemical nanotechnology companies in Europe, announced an agreement and the formation of a joint venture company named Nanogate Advanced Materials GmbH, to be based in Saarbrücken, Germany. The new company will leverage Nanogate's unique technology development for the formation and dispersion of nanoparticles.

"The new prospects to be realized working jointly with Nanogate Technologies are very exciting for the Advanced Materials area and our company. Nanogate is a respected leader in its field with critical chemical nanotechnology know-how," said Lawrence B. Thomas, business director, Advanced Materials at Air Products. "Through this joint venture, Air Products gains access to Nanogate's unique capability to produce a variety of inorganic nanoparticles by solution processes and create stable dispersions of nanoparticles. The process of making these dispersions compatible with the systems they are being incorporated into is a critical requirement to gain the maximum benefit from the use of nanoparticles in many applications, including many markets for formulated systems that Air Products currently serves."

"The synergetic effects are obvious. Nanogate offers the unique technology and Air Products the strong existing presence and customer relationships to establish its presence in high-tech markets and products," explains Ralf Michael Zastrau, who manages together with Dr. Rüdiger Naß the newly founded Nanogate Advanced Materials GmbH.

Nanogate Advanced Materials will focus on market opportunities in functional films, coatings and electronic displays, and will benefit from Air Products' strong existing presence and customer relationships in this area. The joint venture envisions the application of chemical nanotechnology to develop completely new product properties that are environmentally friendly and cost-effective solutions, providing competitive advantages for customers. Developmental work on these product advancements will occur in Saarbrücken, as well as in existing facilities in the U.S. and Europe.

"Combined with Air Products' existing nanotechnology involvement, this joint venture gives our company a complete nanotechnology package. Our customers will benefit from real step-changes in product offerings using this differentiated capability," said Thomas.

Air Products' Advanced Materials area was formed in 2002 and is part of the Performance Materials Division of the Chemicals Group. Air Products defines "performance materials" as having exceptional physical properties that create a significant change in the economics or performance of a customer's process or products.

About Air Products

Air Products (NYSE:APD) serves customers in technology, energy, healthcare and industrial markets worldwide with a unique portfolio of products, services and solutions, providing atmospheric gases, process and specialty gases, performance materials and chemical intermediates. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. With annual revenues of $6.3 billion and operations in over 30 countries, the company's 18,500 employees build lasting relationships with their customers and communities based on understanding, integrity and passion.

Nanogate Technologies GmbH

In its capacity as an integrated enabler, Nanogate Technologies GmbH offers a wide range of services extending from innovation consulting, materials engineering, production through industrial and end-user application support and marketing to high-availability support. Depending on customer needs, Nanogate develops specific solutions using new materials, programs surfaces or develops key materials for high-tech products. In the context of anti-stick coatings, scratch-proof systems, corrosion protection, powders and dispersions, the company concentrates on inorganic-organic nano-composites and self-organizing nano-structures based on chemical nanotechnology. The company's focus mainly lies on material based processes to develop, produce and market multifunctional materials. These materials can be customized to offer almost any property, depending on customer needs, such as transparency, anti-stick characteristics, resistance to friction and corrosion. The Nanogate Group is structured in two operating companies: Nanogate Advanced Materials GmbH and Nanogate Coating Systems GmbH, which offer surface technology focusing on easy-to-clean coatings.

Source: Air Products


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