Element Six Signals Ambitions for Growth With Senior Appointment for New Ventures Unit

    LONDON, March 4 /CNW/ - Brendon Grunewald has joined Element Six as head
of E6 Ventures to set up and run the group's new venture business to identify
and invest in new business opportunities. As part of the group's ambitious
growth programme, Element Six has made significant funds available to support
strategic investment in innovative businesses using synthetic diamond as an
important enabling technology. The aim is to provide investments that range
from seed funds for research and start-ups, through to spin-outs, spins-offs
and joint ventures with the aim of bringing a strong return on investment.
    "We want to be recognised as an active investor in new applications, new
markets, new technologies and new companies," says Brendon Grunewald. "As
such, Element Six is open to a broad range of investment opportunities across
industry, provided they meet our investment criteria. We are looking for
entrepreneurs with potentially interesting ideas and partners who would be
willing to invest alongside us in businesses of the future. We are actively
encouraging people with ideas and entrepreneurial ambitions to contact us."
    "Brendon's long experience in the ventures business is a considerable
asset to Element Six," says Christian Hultner, CEO of Element Six. "This is of
particular value to us as we are developing and building our expertise in
novel solutions based on our marketing redefining and, often, disruptive
technologies. Also our commitment to these venture activities gives a powerful
message that Element Six intends to become an even stronger force in the world
of materials."
    Importantly for Element Six, Brendon Grunewald has had direct experience
of building businesses from start up. He served as CEO and board member of
Sinfilo, where he took the company from incorporation to one of the best known
WLAN operators in Europe with a successful exit to Telenet in October 2003.
    Brendon Grunewald has built his experience as founder and CEO of
IceVista, an advisory firm based in Brussels, Belgium that assists companies
and investors of all sizes with research, financial structuring or
restructuring, refinancing, fund raising (debt and equity), investments and
divestments as well as due diligence, mergers and acquisitions. Also, he has
held various executive positions at several companies including Siemens in
Germany and continues to serve on company boards or act as an executive or
board advisor in both North America and Europe.
    Aside from his business activities, Brendon Grunewald is also the founder
of 70South and the Polar Conservation Organisation, a recognized leader in
Antarctic and Polar news and educational information, and is active in
Antarctic and polar conservation and education.
    Element Six is the world's leading supplier of high quality
superabrasives and advanced engineering materials used throughout
manufacturing industry for a wide range of applications. It is the frontrunner
in the development of synthetic diamond and novel engineering materials that
are being used in industrial applications that span, for example optical,
mechanical, thermal, electronic, automotive, telecommunications and medical
industries. With a turnover of more than US$500m and almost 4,000 employees,
Element Six has established production and processing plants in China,
Germany, Ireland, Sweden, South Africa, Ukraine and the UK supported by a
global distribution network.

For further information:

For further information: John Caldwell, Corporate Communications
Manager, Element Six Ltd, Tel: +353-61-460015, http://www.e6.com

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