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Aonix confirmed 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.
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 on of industry’s 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.The UltraMaterials Solution enables brands, OEMs, ODMs, and other producers to accelerate product development and speed new UHPC parts and products to market. 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.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 markets.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.More information: www.aonixcorp.com