Omlidon Technologies, a spin-out of ETH Zurich, is commercialising a process that allows Teflon to be injection moulded.
And for its efforts, the company recently won this year’s Oxford University Business Plan Competition. The judges awarded the Apax Prize of £20,000 cash to the company because they considered it the most ‘fundable’ business of the six finalists.
‘This is a technology which will rattle the cage of the major corporations and is a major technological breakthrough. It answers the 60 year-old polymer processing problem that Teflon is not melt-processable and as a consequence very expensive to make parts from,” said Christian Sarwa of Omlidon.
He added that the new process would enable manufacturers to develop a new class of PTFE (the chemical name for Teflon) and reduce the processing cost by up to 50%.
“It will have a significant impact on automotive parts, medical applications and other high-performance applications, which need extraordinary polymer materials,” he added.
“The next step is to produce the material with an industry partner and to licence the technology,” he concluded.
Nanogenerator consumes CO2 to generate electricity
Whoopee, they've solved how to keep a light on but not a lot else.