OTTAWA, Jan. 15, 2014 /CNW/ - Aonix Advanced Materials Corp. confirmed today that Solvay Specialty
Polymers has closed a major strategic investment in Aonix and acquired
a minority stake in the company. The investment lays the foundation for a partnership that will be a
leader in the fast growing market for thermoplastic composites.
"Investments of this size are rare in our industry," said Jerome Le
Corvec, president and CEO of Aonix Advanced Materials Corp. "Solvay's
investment is a significant endorsement of our technology. Aonix is
setting new standards for thermoplastic composite performance and
manufacturing productivity, on the same platform."
The companies' partnership will provide Aonix with ready access to
Solvay's extensive portfolio of polymers and world class expertise to
help expand the range of applications possible for customers of Aonix'
UltraMaterials™ Solution. The UltraMaterials™ Solution is the
industry's first and only turnkey solution for the mass production of
ultra high performance thermoplastic composites (UHPC) for the consumer
electronics, sporting goods, automotive, aerospace and energy markets.
The investment was previously announced at the 19th International Trade
Fair for Plastics and Rubber Worldwide in Düsseldorf, Germany.
The collaboration between Aonix and Solvay will expand the use of Solvay
polymers in Aonix' UltraMaterials™ Solutions developed to meet
overmolding challenges. "There is growing demand for overmolding with
ultra high performance composites," said Le Corvec. "The
UltraMaterials™ Solution can meet even the most complex of composite
The UltraMaterials™ Solution enables brands, OEMs, ODMs, and other
producers to accelerate product development and speed new UHPC parts
and products to market. "Aonix offers the industry's only turnkey
solution for high volume production of 100% recyclable UHPC parts and
products—up to several millions parts per month," said Le Corvec. Aonix
handles all of the front-end formulation, prepreg, prototyping,
testing, and composite material validation processes for its customers
and builds the production-ready Aonix Express™ high capacity molding
machines needed for high-volume, low-cost production. "An
UltraMaterials™ Solution is an end-to-end UHPC production solution that
eliminates many of the costly, time-consuming, labour-intensive
processes associated with traditional composites manufacturing," said
"Combining Solvay's know-how in high performance polymers with Aonix'
expertise in composites will create a key player meeting the growing
demand for composite materials that are light, strong and rigid and
that can also be recycled," said Augusto Di Donfrancesco, President of
Solvay Specialty Polymers. "We will be able to market products much
faster, in higher volumes and at a lower cost than conventional
About Solvay Specialty Polymers
Solvay Specialty Polymers manufactures more high-performance plastics
than any other company in the world. The company supplies over 1500
products across 35 brands of high-performance polymers -
fluoropolymers, fluoroelastomers, fluorinated fluids, semi-aromatic
polyamides, sulfone polymers, aromatic ultra polymers, high-barrier
polymers and cross-linked high-performance compounds - for use in
Aerospace, Alternative Energy, Automotive, Healthcare, Membranes, Oil &
Gas, Packaging, Plumbing, Semiconductors, Wire & Cable, and other
About Aonix Advanced Materials Corp.
Aonix Advanced Materials supplies turnkey UltraMaterials™ Solutions -
ultra high performance composites together with production-ready
Express™ high capacity molding machines - to global customers in the
electronics, sporting goods, automotive, aerospace and energy
industries. The UltraMaterials™ Solution reduces time-to-market for
recyclable ultra high performance composites, and enables mass
production of even the most complex parts and products.
SOURCE: Aonix Advanced Materials Corporation
For further information:
Tel: +1-613-723-1001 ext 222