Flow Polymers, LLC, the innovator in additive technologies and one of the leading manufacturers of proprietary and custom chemical dispersions, process aids, homogenizing agents and performance additives for rubber and plastic markets worldwide was awarded a Phase I Small Business Innovation Research (SBIR) grant of $143,984 by the National Science Foundation to develop novel nano-filler technology for tire innerliners.
"We are very pleased to have the support of the National Science Foundation through this Phase I SBIR award," stated Mr. Michael Ivany, President and CEO of Flow Polymers, LLC. "This funding will support the development of an exciting new nanotechnology platform that will provide us a basis for growth and new product introductions in the coming years." Reflecting on the market need and anticipated impact of the new technology, Mr. Ivany said, "When you consider the current global demand for energy efficient vehicles, reduced CO2 emissions and enhanced driver safety, there is a clear need in the tire industry for innerliner materials with enhanced barrier properties. Our new nano-filler technology will address these needs in a way that simplifies implementation for our customers and respects the environment."
About Flow Polymers, LLC
Flow Polymers is one of the leading manufacturers of proprietary and custom chemical dispersions, process aids and homogenizing agents for tire, automotive, industrial products, wire and cable and plastics markets. Flow Polymers' focus is the development and manufacture of unique products that meet customers' current and future needs.
About Geneva Glen Capital, LLC
Geneva Glen Capital is a Chicago-based private equity firm that invests in proven private companies with leading market positions, significant growth potential, and stable cash flows; headquartered in the U.S. or Canada; with EBITDA between $3M and $20M. The firm works closely with company management to establish and execute on a clearly defined value creation and growth plan. The principals of GGC have extensive private equity experience and a fund structure that provides them the ability to be flexible, creative and, if appropriate, long-term investors.
Source: Flow Polymers, LLC