16-Nov-2017 Düsseldorf / Germany
Henkel to further engage into start-up cooperation with DropWise
Based on the strong continued progress in commercializing vapor-deposited polymer coatings, Henkel Adhesive Technologies has made an additional investment into US-based DropWise Technologies Corp. (DropWise). The business unit made a first seed equity investment and signed a joint development agreement (JDA) with the promising start-up company in July 2015.
Henkel Adhesive Technologies is leading with high-impact solutions worldwide. The close collaboration with promising material-science focused start-ups is an integral part of its innovation strategy. The business unit aims to further drive growth in attractive markets by offering new technologies with additional functionalities and improved sustainability.
“As a leading materials and solutions provider in the global coatings market, functional coatings is one of our key search fields for innovations,” explained Paolo Bavaj, Head of Corporate Venturing at Henkel Adhesive Technologies. “DropWise has achieved all milestones in technology development and gathered a lot of production and applications know-how over the past two years. With our follow-on investment, we strongly confirm our belief that the coating technologies of DropWise will enter the first commercial markets soon.”