12th Jan 2012
Chris Stokes, a former director of London Scandinavian Metallurgical Co Ltd, joins Metalysis as Commercial Director as the Company embarks on commercialisation of the FFC Process.
Metalysis owns the global Intellectual Property and commercial exploitation rights to the FFC Process. When compared to conventional technologies, this process opens up a cheaper, less capital intensive and more environmentally favourable production route to high value metals and alloys.
Stokes appointment follows the successful conclusion of a £3.4million funding round in January 2010, in which all of the companys venture capital partners have invested further funds. This funding will be used to scale-up manufacturing processes.
Metalysis, based in Rotherham, UK, is focused upon exploiting its disruptive FFC Process technology to produce titanium, tantalum, and related high value alloys. These are used increasingly by major worldwide industries such as aerospace, marine, medical, chemical, automotive and electronics industries. The business is already supplying low volumes of metallurgical grade powders to suppliers and expects to commission its semi-continuous pilot plant later this year.
During the last five years Metalysis has raised £24 million in venture capital and a further £4 million in grants. From a workforce of three in 2005, the business now employs over 50 people in science and engineering, scale-up and commercial development operations.
Metalysis holds 26 patent families, filed in 88 countries.
Chris brings a wealth of commercial, sales and business development experience to Metalysis. His expertise, networks and understanding of metals technologies, processes and markets will be especially valuable. He will play a vital role through the companys commercialisation and market entry.
Mark Bertolini, Chief Executive of Metalysis
Metalysis Ltd is the UKs leading technology business for the global manufacture of special metals and alloys. Using the FFC Process, the company has developed an important new technology for producing tantalum, titanium and other metals from the oxide.
Metalysis was named as one of the worlds hundred most promising private clean technology companies in the Global Cleantech 100. All companies in the Global Cleantech 100 were identified for being at the forefront of clean technology innovation and offering solutions to some of the worlds most pressing environmental problems. Metalysis was selected for its innovative FFC Process for producing metals such as titanium, one of the worlds most vital metals used in a wide range of high-end technologies.
The FFC Process works for a vast range of metals, alloys and carbides with significant economic and environmental benefits over existing processes. Metalysis owns the worldwide exclusive exploitation rights to the FFC Process.
The Metalysis business, while focused mainly at present on scaling up its innovative technology, is already supplying low volumes of metallurgical grade powders. From 2010 the company will embark upon the commercialisation of its technology. It expects to see substantially increased sales as its semi-continuous pilot production plant comes on stream. Following successful completion of that two-year project, in its next phase of commercialisation the company will begin competing for volume markets serving such worldwide industries as aerospace, marine, medical, chemical, automotive and electronics.
During the last five years Metalysis has raised £19 million in venture capital and a further £4.8 million in grants. From a workforce of three in 2005, the business now employs 50 people in science and engineering, scale-up and commercial development operations. Metalysis holds 24 patent families, filed in 88 countries.
18th February 2010
Michael Saxton
PR Director
00 44 (0) 207 602 9222
Short URL: http://prst.co/f7
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