Fulcrum SP Materials Ltd, a world leader in innovative nanotechnology for enhanced composite materials, today signed a major commercial agreement with the world’s leading industrial thread and consumer textile crafts business, Coats plc.
Nimrod Litvak, CEO, Fulcrum said: ‘Building on our strong partnership with Coats, Fulcrum will be able to demonstrate and commercialise its unique protein and carbon nanotube (SP1/CNT) technology for providing lighter, stronger and cost effective enhanced composite yarns and fabrics.
‘This commercial agreement with Coats – a world class company in the textile market – is an important strategic move for us and recognises Fulcrum’s innovative technology. By forming strategic partnerships, Fulcrum will continue to use its technology to develop and commercialise new products for the composite fabrics and adhesive markets,’ he said.
Paul Forman, Group Chief Executive, Coats plc, said: ‘Fulcrum’s ground breaking protein and CNT technology can significantly increase the strength to weight ratio of materials, including thread, in a very cost effective manner. It could provide exciting product enhancement opportunities for our speciality business in particular and our research teams are already collaborating to develop new products to meet our customers’ evolving needs. We are proud to be partnering with Fulcrum on this journey.’
To download a high resolution image for Coats go to: www.coats.com/imagelibrary
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