Navigation Links
E6 Ventures Invests in Novel Coatings Developer, Diamond Hard Surfaces Ltd

ASCOT, England, Nov. 24 /PRNewswire/ -- E6 Ventures has agreed to participate in the next round of funding in Diamond Hard Surfaces Ltd. Set up in 2005 by its chief technical officer, Sergey Aleksandrov, Diamond Hard Surfaces is a high technology company that has developed a low temperature process to create thick amorphous diamond-like carbon coatings applicable in a broad range of wear-related applications in a number of industrial sectors.

"We were impressed with the properties which Diamond Hard Surfaces' material offered, since it puts the company in a unique space in the coatings sector. We are very excited about the opportunities this presents," says Brendon Grunewald, Head of E6 Ventures on its investment. "We are investing in this round alongside the company's original backers, Oxford Technologies Management Venture Capital Trusts, who have been actively involved in the company since its inception." This venture capital trust fund specialises in investing in the start up and early stage technology sector.

Technology with broad application

The company's technology has been protected by patent and the manufacturing process has been developed in the company's laboratory facilities. Diamond Hard Surfaces' unique diamond-like coating material has properties of lower wear, high hardness and an extremely low coefficient of friction. Applying the Adamant(TM) coating to other materials gives extended life in high temperature, chemically aggressive and abrasive environments.

The low temperature process allows the coating of a range of substrates from steel to thermoplastics to give components such as bearings and valves, for example, reduced friction, enhanced wear resistance and load carrying characteristics over and above traditional materials and other coated surfaces. Currently Diamond Hard Surfaces produce three distinct grades of coating. Each is suitable for different applications and differing component finished conditions with coating thickness that ranges from one to 60 microns.

The low temperatures at which the coating can be applied mean that there is minimal effect on the substrate material and the process is applicable to a wide range of materials. Unlike other coatings, Adamant(TM) diamond hard surfaces do not require sophisticated and lengthy sub-layer preparation for many substrates.

The Oxford-based company recently won its first production orders for mechanical seals used in compressors and pumps in the oil/gas industry. Test coatings are being carried out with potential customers for a range of applications from ball/gate valves to down-hole oil drilling to Formula One engine components.

About E6 Ventures

E6 Ventures is a US$100m fund open to a broad range of investment opportunities across industry, provided they meet its investment criteria. The aim is to be recognised as an active investor in new applications, new markets, new technologies and new companies with investments that range from seed / early stage start-ups, to growth and late stage investments with the primary aim of bringing a strong return on investment.

About Element Six

Element Six is the world's leading supplier of supermaterials used throughout manufacturing industry for a wide range of applications. It is the frontrunner in the development of synthetic diamond and novel engineering materials that are being used in industrial applications that span, for example optical, mechanical, thermal, electronic, automotive, telecommunications and medical industries. With a turnover approaching US$500m and almost 4,000 employees, Element Six has established production and processing plants in China, Germany, Ireland, Sweden, South Africa, Ukraine and the UK supported by a global distribution network.

    For more information contact:
    Brendon Grunewald
    Head of E6 Ventures
    King's Ride Park
    Berkshire SL5 8BP
    Tel: +44(0)1344-638200

SOURCE Element Six Ltd
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Radius Ventures Announces Promotion of Dr. David Stoffel to Partner
2. NutraCea Forms Joint Ventures With HerbalScience to Develop Nutraceutical Extracts and Pharmaceutical Chemistries From Stabilized Rice Bran
3. Element Six Signals Ambitions for Growth With Senior Appointment for New Ventures Unit
4. Triage Wireless Raises $20.3 Million in Series B Financing Round Led by Qualcomm Ventures
5. Echo Therapeutics and Cato BioVentures Sign Right of First Offer Agreement for Dermatology Products and Transdermal Drug Delivery Technologies
6. Astute Medical Raises $6.2 Million in Series A Financing Round Led by De Novo Ventures
7. Oikos Organic Greek Yogurt Ventures into the Land of Milk and Honey ... and Blueberry!
8. Step of Mind Ltd Will Present its Concept at the Silicom Ventures Summit
9. Eagle Ventures Subsidiary Hydrate2O Receives 2008 Top Gear of the Year Award From
10. Khosla Ventures Into Healthcare With ZocDoc
11. Trident Capital and Mustang Ventures Lead Series A Investment in Profex, Inc.
Post Your Comments:
(Date:11/27/2015)... ... , ... Indosoft Inc., developer and distributor of the world-class ... (Long Term Support) into its Q-Suite 5.10 product line. , Making the change ... version of Asterisk that will receive not only security fixes, but feature and ...
(Date:11/26/2015)... ... November 26, 2015 , ... ... eReferral system for diagnostic imaging in the Waterloo region. Using the Ocean Platform, ... Medicine tests directly from their electronic medical record (EMR) without the need for ...
(Date:11/26/2015)... ... , ... Jobs in hospital medical laboratories and in the imaging field lead ... Aureus Medical Group . These fields, as well as travel nursing, ... healthcare jobs through the company’s website, , The leading healthcare staffing ...
(Date:11/26/2015)... ... 26, 2015 , ... Pixel Film Studios brings Final Cut ... Vintage. This newly styled ProTrailer pack comes with 30 all-new vintage-inspired designs, with ... users limitless opportunities to stylize and create designs quickly and easily, all within ...
(Date:11/25/2015)... ... November 25, 2015 , ... Additional breast ... found on mammography, according to a study published online in the journal Radiology. ... on mammography may necessitate a change in treatment. , Breast MRI is the ...
Breaking Medicine News(10 mins):
(Date:11/25/2015)... global healthcare industry is expected to grow at a rate ... has the highest projected growth at 12.7%, and ... is second with growth projected at 11.5%. ... 2013-2014, total government funded healthcare was nearly 68%. Federal government ... 2013-2014. In real terms, out of pocket expenditure increased by ...
(Date:11/25/2015)... , Nov. 25, 2015  Linden Care, LLC, ... optimizing treatment outcomes for patients suffering from chronic pain, ... for a Temporary Restraining Order (TRO) enjoining Express Scripts ... two companies. --> --> ... all of its legal options. --> ...
(Date:11/25/2015)... MINNEAPOLIS , Nov. 25, 2015  ARKRAY ... care products, continues to provide evidence demonstrating the accuracy ... the World Congress on Insulin Resistance, Diabetes and Cardiovascular ... showed that both the Company,s GLUCOCARD ® 01 ... met high accuracy requirements. The ability to accurately measure ...
Breaking Medicine Technology: