RTP Co. acquires patent assets from TenasiTech for anti-scratch additives
RTP planning a commercial launch of TenasiTech surface protection portfolio in 2021.
November 13, 2020: Leading custom compounder RTP Co. has acquired the patents for anti-scratch additives from Uniseed investee TenasiTech.
The transaction was completed in September of 2020, encompassing TenasiTech’s nanoparticle technology patents. The terms of the deal have not been disclosed.
“The base technology greatly improves scratch and mar resistance in injection molded thermoplastics, delivering best-in-class performance,” said Scott Koberna, RTP’s general manager, wear and friction. “We are very excited to include this technology in our expansive surface protection portfolio of materials.”
“Our initial integration of the nanoparticle technology will be in polyamide, acrylic, and polyester resin systems,” Koberna added. “We will offer clear grades, and can achieve many colours, including the coveted ‘Piano Black’ hue. Following that, we’ll explore the use of anti-scratch technology for additional thermoplastic polymers and thermoplastic solid coatings, solvent and water-based coatings, and sheet and film extrusion.”
Uniseed CEO and former TenasiTech Director Peter Devine added: “Uniseed first invested in the University of Queensland / UniQuest spin out in 2008, with the Brisbane Angels Group co-investing in 2014. We are pleased to see the technology in the hands of a leading thermoplastics supplier, with commercial launch planned for 2021”.
About RTP Co.
RTP Company is a leading global compounder of custom engineered thermoplastics. RTP’s private ownership allows our expert polymer engineers to be independent and unbiased as they select from 60+ engineering resins and 100’s of modifying additives to tailor a thermoplastic compound designed to meet specific end-use requirements.
RTP’s specialty compounds provide multi-property solutions in a single material, reducing manufacturing costs and speeding time to market while providing the freedom necessary for product designers and engineers to realize their vision for applications spanning every major market segment.
RTP is headquartered in Winona, Minn., USA, with more than 20 facilities and a handful of sales offices located in major commerce centres around the world. For more information, visit www.rtpcompany.com
Formed in 2000, Uniseed is Australia’s longest running university commercialisation fund – a collaboration between the University of Queensland, the University of Melbourne, the University of NSW, the University of Melbourne and the CSIRO.
Uniseed has supported over 50 start-ups including a number of highly successful companies arising from partner research organisations, such as the University of Melbourne’s Fibrotech (sold to Shire in 2014) and Hatchtech (sold to Dr Reddy’s Laboratories in 2015); the University of Queensland’s Spinifex (sold to Novartis in 2015); and the University of NSW’s Smart Sparrow (sold to Pearson in 2019) and Exonate (major research collaboration with J&J announced in 2020).
Uniseed is a mutual fund, owned by research organisations, for research organisations. The fund facilitates the commercialisation of its research partners’ most promising intellectual property and secures targeted investment in resulting products and technologies. For more information, visit: www.uniseed.com