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Solvay Specialty Polymers has reached an agreement to acquire a financial interest in Aonix Advanced Materials, based in Ottawa, ON, Canada, a developer of advanced composite materials and manufacturing systems. The partnership aims to accelerate the development and commercialization of mass-produced, thermoplastic composites made of Solvay’s high-performance polymers for end-use markets including mobile electronics, automotive, oil and gas, and sporting goods.
A final agreement is expected to close in late November.The investment demonstrates Solvay’s strong commitment to the composites market and provides a channel for its polymers to play a key role in this fast-growing segment. The partnership will target Solvay’s full range of high-performance polymers. However, the agreement won’t affect developments involving KetaSpire PEEK with other companies.The partnership will focus on the use of Solvay’s high-performance thermoplastics as a matrix as well as overmolding polymers which are particularly suited for these advanced composite applications due to their strong mechanical properties, superior damage tolerance, and chemical resistance. A key processing advantage is their faster cycle times compared to thermoset systems such as epoxy, particularly in high-volume fabrication. These composites are reinforced with glass fiber, aramid fiber, or carbon fiber.Aonix offers a range of proprietary UltraMaterials, a range of thermoplastic formulations that are used to create new classes of composite materials with superior performance, high-volume output, and recyclability versus conventional composites. The company accelerates commercial development by performing all formulation, prepreg, prototyping, testing, and validation for the customer. Aonix’s turnkey solution also includes purpose-built, automated manufacturing systems that are fully optimized for high-volume/low-cost production, eliminating the labor-intensive processes of traditional composites manufacturing.About Aonix Advanced Materials:Aonix Advanced Materials, based in Ottawa, ON, Canada, is a global leader in creating multi-dimensional innovative products and processes with advanced composite materials and automation. The company is led by Jérôme Le Corvec who has developed a reputation worldwide for creative and practical solutions for design, engineering, and mass production of technology goods. Through a unique innovation platform, Aonix Advanced Materials designs, manufactures, patents, and licenses new technologies that generate long-term value for its clients and shareholders.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. More information: www.solvayplastics.com - www.aonixcorp.com