Connora Technologies, Inc., a Hayward, CA. USA-based chemical company, received an investment of undisclosed amount from Samsung Venture Investment Corporation.
The company intends to use the funds to advance commercialization efforts of their recyclable epoxy thermoset technology called Recyclamine®.
Led by Dr. Rey Banatao, CEO, Connora is a chemical company with expertise in molecular design of degradable performance thermoset materials. Its Recyclamine® polymer technology, a green chemistry platform that provides an efficient method for making and recycling composite waste materials and products.
The company is currently in discussions with several auto and aerospace OEMs to develop a specific Recyclamine® Epoxy Resin system for use in high-pressure resin transfer molding processes (HP-RTM), suitable to the high-volume manufacturing methods being adopted by auto and aerospace manufacturers today. Epoxy resins are currently the predominant thermoset plastic used in performance carbon fiber composites.
Along with the recent investment, two new members joined Connora’s advisory board:
– Andre Genton, former President of Huntsman Advanced Materials, and
– Brendan Iribe, a successful entrepreneur known recently for the acquisition of Oculus by Facebook.
FinSMEs
03/12/2014