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AmaDema Ltd

AmaDema Ltd

“Stronger now means even lighter”

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Deal Type

Equity

Funding Goal

$1,100,000

Current Reservations

$4,000

Minimum Reservation

$1,000

Maximum Reservation

$4,000,000

Deal Stage

Series A

Pre-money Valuation

$12,000,000

Open Date

05/21/2019

Closing Date

07/31/2019

Elevator Pitch

The mechanical performance of a NW carbon composite panel compared to a conventional carbon composite panel is that NW has: Up to 300% Improved Fracture Toughness Up to 80% Improved Comp after Comp

KPIs

6 Employees
3 Users
1 Issued Patents

Company Overview

AmaDema focuses on the design and manufacturing of advanced composite materials, by identifying the problems and needs of customers in a variety of industries such as aviation, defence, sports, automotive, shipping, etc. and by providing them with a variety of material services and product solutions in the field of materials.

Problem

Aerospace, Automotive, Sports and Wind Energy Industries have a continuous need for lighter and at the same time stronger structures. Although the introduction of classic Carbon Fiber Reinforced Polymers (CFRP) in aerospace structures promised a nominal 40% reduction in weight over aluminum, CFRPS’ inherent anisotropy and heterogeneity reduced its effectiveness to less than 20%. Additionally, the fluctuation of oil prices and the continuous pollution of the environment demand stronger, fuel-economic structures with stronger and at the same lighter materials. Other applications such as wind blades, sports, yachting, racing and more, continuously seek for higher performance.

Solution

In order to back up effectiveness in CFRP Composites, AmaDema developed a technological solution (Patented & Certified) that makes existing CFRPs up to 300% Stronger and 30% lighter. The solution offered by AmaDema is the NanoWeld®. NanoWeld® is not a solution for carbon fabrics only, it can be implemented to any type of fabric (Knitting: UD, woven, etc. and/or Material: carbon, aramid, glass, etc.). It is also a technology adjustable to any existing technical fabric or prepreg production line.

Traction

  • • TRL 8 Small Production Line set-up

    January, 2019
  • • Moved to a New Industrial Space in Nicosia (Cyprus) and have already acquired equipment whose value is more than €50 k.

    September, 2018
  • • TRL 7 Product Qualification ISO/ASTM Certification

    May, 2018
  • • 3rd place Award at the Innovation and Entrepreneurship Forum at the University of Cyprus

    November, 2017
  • • TRL 6 Product Industrial Demonstration at the IEF2017 UCY

    November, 2017
  • • TRL 5 Technology Validation

    December, 2016
  • • Continuously working on increasing the technology readiness level (TRL) of our product, advancing the TRL from 5 to 8 (in scale out of 9)

    December, 2016
  • • Patent was filed and secured. NanoWeld® is protected with a worldwide patent as well as with CY, EU, and US registered trademarks

    November, 2016
  • • 1st National Award at the ClimateLaunchpad competition for innovation and entrepreneurship.

    October, 2016

Press Mentions

Key Customers & Partners

European Space Agency Cyprus Ministry of Defence

Frequently Asked Questions

What is NanoWeld?

NanoWeld development is based on a strong foundation of scientific research. It is a Novel Technical Fabric that makes any kind of textile (carbon, glass, aramid etc.) 300% stronger and 30% lighter.

What problems does NanoWeld solve?

Once applied, it enhances the performance of existing technical fabrics, while reducing weight. In the automotive/aerospace industry for example the impedance of possible crack propagation within the structure increases by 260%. The range of travelling increases by more than 10% and the fuel consumption can be reduced by more than 3%.

What is NanoWeld’s USP?

Compared to conventional Carbon Fiber Reinforced Composite materials, NanoWeld can achieve: Up to 20% Improved Tensile Strength (Certified), up to 300% Improved Fracture Toughness - Mode II (Certified), up to 200% Improved Fracture Toughness - Mode I (Certified), up to 80% improved impact & compression after impact (Certified) and up to 30% weight savings for structural applications (Certified)

Is the Market ready for NanoWeld?

According to CFRP market 2018-2022 report, analysts forecast Global Carbon Fibre Reinforced Plastic (CFRP) market to grow at a CAGR of 11.33% to $24bn. 60% of the 24 Billion US Dollars is made for prepregs and fabrics, and this is our total potential market. Noteworthy, the high demand in carbon composites is triggered by the aerospace, sports, and energy industries. As a matter of fact, air traffic is expected to double by 2035, demanding more than 33000 new composite aircraft.

Risks & Disclosures

RISKS

•New technologies – large companies spend huge amounts on research •Many competitors Long-term contracts of current textile manufacturers with OEMs and Integrators


DISCLOSURES

Purchase Agreement document: Full contract with ESA can be provided upon Investors' request.

Bylaws document: English version of Bylaws can be prepared and provided upon Investors' request.


Documents

Confidential

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