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Borit

Website Borit

Borit manufactures sheet metal products and assemblies using its proprietary hydroforming technology resulting in advanced product designs with high forming quality and precision.

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1 June 2017

President of Flanders Geert Bourgeois visits BORIT NV and Hydrogenics

Vandaag bracht Vlaams minister-president Geert Bourgeois, een bezoek aan twee Vlaamse topbedrijven op vlak van waterstoftechnologie: Hydrogenics Europe NV (Oevel) en Borit NV (Geel). Hij kwam voor de gelegenheid met een waterstofauto.
Internationaal neemt de belangstelling voor waterstof sterk toe, zowel voor zero-emissie transport als voor opslag van groene elektriciteit. Ook in Vlaanderen is de verduurzaming van energie en mobiliteit een van de topprioriteiten van deze Vlaamse regering. De minister-president was onder de indruk van de grote expertise die we hier op Vlaamse bodem hebben inzake waterstof, als technologie voor een duurzame toekomst.

Mobiliteit
Recent keurde de Vlaamse regering de Energievisie goed, waarbij Vlaanderen de Europese maatregel onderschrijft om vanaf 2035 geen auto’s meer te verkopen op fossiele brandstof. Nieuwe wagens moeten tegen dan een nul-uitstoot hebben. Waterstof is één van de oplossingen.
Auto’s (en ook bussen, vrachtwagens, …) op waterstof stoten geen schadelijke stoffen uit, terwijl de actieradius en tanksnelheid vergelijkbaar zijn met die van voertuigen op traditionele brandstof.
Verder wordt waterstof- met zijn relatief lage specifieke gewicht en hoge energiedichtheid- ook gebruikt voor de opslag van zonne- en windenergie. Door overtollige duurzame energie om te zetten in waterstof, creëert men een energiebuffer en netstabilisator. De geproduceerde waterstof kan worden ingezet in mobiliteitstoepassingen of, in periodes van schaarste, weer worden omgezet naar elektriciteit.
Als inleiding op het bezoek vertelt Adwin Martens, directeur van WaterstofNet, dat Vlaanderen trots mag zijn want dat het verschillende unieke industriële spelers heeft op vlak van waterstof-technologie, die samen de ganse waardeketen op cruciale onderdelen invullen. Hydrogenics en Borit zijn hier mooie voorbeelden van.
Een goed half jaar geleden is bovendien – met steun van de Vlaamse overheid – de bedrijvencluster power-to-gas (van groene elektriciteit naar waterstof) opgericht. Deze is inmiddels gegroeid tot een sterke club van 26 bedrijven, die allemaal gericht samenwerken rond waterstof in Vlaanderen.

Hydrogenics Europe (Oevel)
Hydrogenics Europe behoort tot de wereldtop op vlak van de ontwikkeling en productie van
generatoren die waterstof produceren uit groene elektriciteit.
Het produceert al enkele decennia voor toonaangevende klanten over de ganse wereld elektrolyse-systemen.

Daar waar we enkele jaren geleden vooral waterstofgeneratoren voor gebruik van waterstof in de industrie leverden, hebben we nu meer en meer klanten die waterstofgeneratoren aanschaffen voor tankstations of voor energieopslag.” zegt Filip Smeets, CEO van Hydrogenics Europe.
Bij Hydrogenics in Oevel werken 75 mensen.
Het moederbedrijf, gevestigd in Canada, produceert brandstofcellen (het ‘omgekeerde’ van generatoren). Brandstofcellen zitten in waterstofauto’s (en andere transportmiddelen op waterstof), en produceren uit de waterstof opnieuw elektriciteit.

Borit (Geel)
Borit behoort tot de wereldtop op vlak van de productie van geavanceerde bipolaire platen, cruciale componenten van elektrolyseurs en brandstofcellen. Borit heeft voor de productie van deze zeer dunne (0,1mm) metalen platen unieke productieprocessen ontwikkeld, waardoor zowel de ontwikkelingscyclus als uitval als kostprijs sterk gereduceerd konden worden.
Borit produceert bipolaire platen voor heel wat industriële spelers waaronder een aantal van de grootste OEM’s in de automotive sector. Een brandstofcel voor een auto bevat een 400-tal van deze zeer complexe metalen platen en zijn cruciaal voor de goede werking ervan.
Sinds onze opstart als Vlaamse start-up in 2010 hebben we een mooi groeitraject als industrieel bedrijf afgelegd”, stelt Luc Wanten, CEO Borit NV. “Met de steun van onze aandeelhouders en alle stakeholders is het de bedoeling om in Geel onze hoogwaardige ‘world-class pilot plant’ voor deze nieuwe en duurzame technologie verder uit te bouwen.”

Reactie minister-president Geert Bourgeois
Minister-president Bourgeois zegt onder de indruk te zijn van de producten van deze Vlaamse bedrijven en van de plaats die zij veroverd hebben in de wereld van de waterstoftechnologie:
Het is nog maar eens een bewijs dat we in Vlaanderen parels van bedrijven hebben, die in de technologie naar een duurzame samenleving, een belangrijke rol spelen. Als Vlaamse overheid moeten we deze bedrijven waar mogelijk ondersteunen, bijvoorbeeld op vlak van onderzoek en ontwikkeling. In januari 2017 hebben 13 grote bedrijven (o.a. Shell, Total, Daimler, Toyota, Hyundai, Honda, Air Liquide, Engie, BMW, …) aangekondigd dat ze de komende jaren meer dan 10 miljard dollar in waterstof gaan investeren. We mogen dan ook terecht fier zijn dat de bedrijven die we vandaag bezochten ook op dit niveau meespelen.”

Meer info:
www.waterstofnet.eu
www.hydrogenics.com
www.borit.be

Calyos

Website Calyos

Calyos develops and commercializes two-phase thermal regulation systems. Thanks to the exceptional thermal performance, Calyos' two-phase heat transfer systems are enabling energy efficient customer applications.

Expanite

Website Expanite

Expanite commercialises gas phase technology for the surface hardening of stainless steel and other high performance metals, while maximizing corrosion resistance.

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30 April 2020

Expanite supporting RennTeam Uni Stuttgart

Expanite, the surface hardening specialist, has consulted and advised the students at the RennTeam Uni Stuttgart in identifying and solving some of their challenges with wear on the titanium parts in their racing car.

The Rennteam Uni Stuttgart takes part in the Formula Student racing series, a competition for young engineers across Europe, as well as being involved in other international competitions. Formula Student is an international design competition for students in which teams from around the world construct a single-seated formula vehicle and produce a ready-to-drive prototype, assuming a fictitious design assignment.

The young constructors of the Rennteam Uni Stuttgart are constantly striving to optimize the construction process including the use of materials and spend almost all their time in constructing and testing the cars to prepare for competitions.

Challenging the weight

To increase the performance including lowering the weight of the race car, the students changed some of the parts to titanium but were faced with problems related to wear parts due to low surface hardness and they decided to contact Expanite for possible solutions.

ExpaniteHard-Ti is the solution

The Expanite material experts proposed to surface harden the critical titanium parts including parts of the power train, sitting between the differential and the drive shaft with the ExpaniteHard-Ti process. The Expanite hardening makes the use of light-weight titanium parts possible therefore resulting in increased efficiency and significant weight reduction.

ExpaniteHard-Ti is a gas-based interstitial hardening process leaving no coating on the surface and thus nothing that can spall off. The actual hardening zone can be tailored to have a case depth of 10-50μm and surfaces can be post-polished to mirror finish. By applying the ExpaniteHard-Ti process, surface hardness can be increased 8-10 times to approx. 1000HV.

“We are thrilled and appreciative about the support we have received by the Expanite expert team. With the guidance and recommendations from Expanite, we are convinced that with the Expanite hardening technology we will experience less or no wear on the titanium parts in our race cars”, says Ignacio Gabilondo from the RennTeam

About Rennteam Uni Stuttgart:

The Rennteam Uni Stuttgart was established in 2005. The team is composed of highly motivated students from a broad range of fields taking part in the Formular Student racing series, a competition for young engineers, across Europe, as well as being involved in other international competitions

About Expanite:

Expanite is based on research since 2000 and was founded in 2010 by leading experts in materials and surface hardening. The company is headquartered in Hillerød near Copenhagen and has treatment centeres in the USA, Germany, Korea and China. Expanite´s solutions are flexible and can be tailored into a customer´s own product line as part of a licensing agreement.

13 December 2019

Expanite boosts scratch resistance on Swiss made watches

Expanite®, the Danish surface hardening specialist helped the Swiss watch brand Rado® by developing a hardening process to improve wear and scratch resistance on their titanium high-end watches which retains the designed color. This was once thought impossible.

Given its strength, titanium is remarkably light. When compared to steel in a strength-to-weight ratio, titanium is far superior, as it is as strong as steel but 45% lighter, and thus a material which is in high demand in mission critical designs for aerospace and high-tech medical applications, among others. Although it is also hypoallergenic and resistant to corrosion, titanium is relatively soft and scratches easily. But not anymore: Rado® unveiled the HyperChrome Ultra Light and Tradition Captain Cook MKIII collections crafted among others from hardened titanium!

Where the Tradition Captain Cook MKIII watch has a hardened grade 5 titanium case, the HyperChrome Ultra Light combines high-tech ceramics and hardened titanium in a unique bronze color.

The solutions were developed by Expanite®; by using the superior hardening technology “ExpaniteHardTi”. By diffusing molecules into the surface of titanium in a gaseous process, the titanium becomes almost completely resistant to wear and scratches – while keeping the mechanical and corrosion properties, which defines the extraordinary qualities of titanium. ExpaniteHard-Ti is not a coating process, hence all the draws backs of coating including the risks of spalling and inconsistencies in layers are completely avoided. Furthermore, with the ability to harden both titanium grade 2 and grade 5, the process is suitable in a broad range of applications.

“While hardening of the watch case for the Captain Cook MKIII was relative straight forward, the requirements of the HyperChrome Ultra Light designers and development team from Rado® was quite unique; we basically had to redo and upscale a process which we originally thought was faulty. This had some years back yielded titanium grade 5 in a distinct bronze color, while still reaching scratch resistance beyond what had previously been possible with a diffusion-based hardening technique. Our team of experts solved the case and made this part of the HyperChrome Ultra Light watch reality.”, says CEO Thomas Abel Sandholdt from Expanite®.

About Rado®:

Rado®, part of the Swatch Group that also includes Omega and Longines. Rado® is a globally recognized brand, famous for innovative design and its use of revolutionary materials to create some of the world's most durable watches. Ever since its beginnings in Lengnau, Switzerland, Rado® has had a pioneering spirit, with the brand philosophy "if we can imagine it, we can make it." Rado's design-driven timepieces will surely make you stand apart from the rest. Learn more on www.rado.com

About Expanite

A/S Expanite® offers state-of-the-art solutions for surface hardening treatment of stainless steels and titanium. With Expanite's processes, it is possible to increase the material’s surface hardness tenfold while at the same time maintaining and even increasing its corrosion resistance. Expanite® has a combined development and production facility near Copenhagen, Denmark, and hardening capacity in the US, Germany, China and Korea. Expanite's solutions are flexible and can be introduced directly into a customer’s own production line as part of a licensing arrangement. Learn more on www.expanite.com.

9 September 2019

DTU professor in materials research wins dual internation-al recognition

Professor Marcel A.J. Somers has been awarded the dual honour of both receiving a rarely bestowed medal and giving a commemorative lecture at the 26th Congress of Heat Treatment and Surface Engineering.

Several years may pass between each awarding of the medal by the IFHTSE—The International Federation for Heat Treatment and Surface Engineering, a global association of heat and surface treatment organizations—to particularly prominent researchers within the field of heat and surface treatment of metals. Since 2004, the medal has only been awarded a total of seven times. This great and very special honour has now befallen Marcel Somers, Professor at DTU Mechanical Engineering.

But this is not the only mark of distinction he has received. Marcel Somers will also be giving a so-called Lakhtin lecture which is a lecture in honour of Yurii Mikhailovich Lakhtin, a prominent Russian researcher in thermochemical surface treatment.  The lectures have been given since 1998, and Marcel Somers is only the fifth researcher to have been given this honour.

It is Marcel Somers’ unique contribution to the understanding and application of metal-gas reactions in thermochemical processes, as well as hardening through cryogenic treatments, that has led to the awarding of the medal and the honour of giving a Lakhtin lecture. Best known is probably his metallurgical scientific work with gas-based surface treatment of stainless steel, which his research group was one of the first to reveal the true nature of, and which laid the foundations for taking out a number of patents and forming the company Expanite. Basic research combined with applicable innovative material solutions is characteristic of his research group’s work. This characteristic is also reflected in the title of his Lakhtin lecture, ‘Thermochemical surface engineering of stainless steels with interstitials; Symbiosis of science, technology and innovation’, which he will give on 17 September in Moscow.

The two distinctions have put Marcel Somers in good company with the world’s undisputed leading researchers in the field, such as Sir Harry Bhadeshia, George Krauss, Tadashi Maki, Eric Mittemeijer, and Tom Bell—all examples of individuals who have previously been awarded the IFHTSE Medal and/or given one of the rare Lakhtin lectures.

GUARANTEED

Website GUARANTEED

Guaranteed provides repair and hybrid manufacturing services for large industrial components using direct energy deposition technologies. This allows their customers to extend the lifetime or to reduce the downtime of their industrial equipment.

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29 April 2020

First article on the value proposal of Guaranteed appears in 3D Print Magazine

"The Belgian start-up Guaranteed has commissioned the first of two production lines on the ArcelorMittal site in Ghent. On these lines metal parts from heavy industry, offshore and shipping are repaired or produced with WAAM technology. Guaranteed's software automatically programs the robot and the welding systems, while a second software package can simulate the end result in advance."

Guaranteed was established in the summer of last year. Initiators Joachim Antonissen and COO Sander Plasschaert have the necessary experience in the field of additive manufacturing. Sander is an International welding engineer (IWE); Joachim co-developed the software at the OCAS research center, which now gives Guaranteed a unique position in the market. The software automatically generates the robot jobs and the best deposition strategy; a second software system simulates the welding process and provides certainty at the micro level in advance. For example, Guaranteed can give additional guarantees with regard to the dynamic properties and quality of the repaired parts. This software ensures first time right production and certainty regarding the performance in advance.

Up to 20 tons of heavy parts

The cell as Guaranteed has built on the ArcelorMittal site in Ghent, can process workpieces up to ten by six by five meters, with a maximum weight of 20 tons. Currently there are parameters in the database for 24 materials (steel, stainless, Inconel, Titanium, aluminum, bronze, ...). This database can be expanded at the request of customers. Although components can be 3D-printed completely from scratch with this technology, Guaranteed focuses primarily on the repair market. Millions of savings are possible there, says Joachim Antonissen.

Millions of savings

A modern mining site can easily stock tens of millions of euros in parts. "If we manage to get 10% off that, you're already talking about hefty amounts," he says. The same goes for the shipbuilding, dredging and oil and gas industries, some other sectors Guaranteed focuses on. “In the oil and gas industry, millions of euros are in stock, because the delivery of a typical forging takes six to twelve months. If the piece fails and you do not have it in stock, you have to stop test drillings, for example. ” The (logistical) cost savings in these sectors are currently important arguments for the young company. With its dual proposition, Guaranteed thinks it can convince buyers of potential customers by offering them the opportunity to either directly save costs by repairing parts or to realize logistical cost savings by producing complete replacement parts on demand and quickly. Guaranteed is also actively involved in several Joint Industry Projects to also enable repairin sectors where certification is important.

Sustainability

Guaranteed was effectively established in July 2019, with ArcelorMittal, OCAS and the Flemish investment fund Finindus as shareholders. The technology is very interesting for the steel group. On the one hand, because this allows the steel producer to significantly improve the operational return in the steel sites. On the other hand, because ArcelorMittal invests in technology with a more sustainable character. Joachim Antonissen: "For a steel company in one of the most densely populated areas of Western Europe, you should not underestimate the significance." The sustainability character, because Guaranteed significantly reduces material consumption with repair, has already provided the startup with funding from the booster fund of the European Institute for Technology. The EIT invests in companies that realize sustainability and bring work back to Europe.

20 March 2020

Guaranteed wins Booster Funding from EIT Raw Materials

The EIT RawMaterials Start-up & SME Booster program provides support to start-ups and SMEs to develop innovative products or services that can produce an impact in the raw materials sector or benefit its partners.

As is described in EIT's "Raw Materials and Circular Societies Lighthouse" program, raw, processed and advanced materials, from primary and secondary sources, are the backbone of our economy. A radical shift is required from linear to circular thinking. End-of-life products must be considered as a resource for another cycle, while losses and stocks of unused materials must be minimised and valorised along the value chain.

This aligns perfectly with the focus of Guaranteed which is to use WAAM-technology to repair or rebuild large metal components beyond conventional techniques, thereby prolonging the life of ageing industrial equipment, reducing long lead times and eliminating storage costs.

Keystone Tower Systems

Website Keystone Tower Systems

Keystone Tower Systems has developed and patented a highly efficient technology to produce wind turbine towers using spiral welding.

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7 February 2020

Keystone Tower Systems Builds State-of-the-Art Wind Turbine Tower Manufacturing Facility in the US

Denver, CO, USA -  February 6, 2020 – Keystone Tower Systems, Inc. has started construction on its first full industrial-scale tower manufacturing plant in the U.S. The facility will have the capacity to produce towers for wind turbines representing over 1 gigawatt of energy production per year.

The facility utilizes Keystone’s proprietary spiral welding process, enabling fully automated tower manufacturing at ten times the speed of a conventional tower factory, and with substantial improvements in quality and consistency at a lower cost.  The facility, built with support from National Oilwell Varco (NOV), will begin production in a year.  It will supply 80 to 100 meter high towers that are used for today’s multi-megawatt wind turbines.

Eric Smith, CEO of Keystone Tower Systems, states: “We are excited to be moving forward at full speed after securing necessary financing and resources for our factory, including from our existing shareholders.  Plus, adding NOV to the team brings complementary skills and experience, especially with their long-standing experience in operating manufacturing facilities and managing in-field operations.  The entire team is working together to complete the factory and deliver on our first order efficiently and with the highest quality.”

Clay Williams, Chairman & CEO of NOV, commented: "We believe the combination of Keystone's technology portfolio and forward-thinking team with NOV's manufacturing expertise will lead to significant innovation in the wind tower space. We look forward to helping Keystone in their efforts to enable cost-effective wind towers around the world."

Keystone’s initial focus is on manufacturing the current generation of towers in a stationary factory setting, though the machine will be capable of producing large diameter tall towers 170 m in height or greater.  The equipment is designed to be mobile for in-field production of towers at the project site, which significantly lowers the cost of high hub height towers by eliminating transportation constraints.

ABOUT KEYSTONE TOWER SYSTEMS

Keystone Tower Systems is a wind tower technology and manufacturing company with their main office in Denver, Colorado.  Founded in 2011, its technology enables automated production of towers at higher throughput and with higher quality.  Keystone is a venture-capital-backed company with investments from several firms including Finindus NV, the Colorado Impact Fund, and ZOMA Capital.

www.keystonetowersystems.com

ABOUT NOV

National Oilwell Varco (NYSE: NOV) is a leading provider of technology, equipment, and services to the global oil and gas industry that supports customers’ full-field drilling, completion, and production needs. Since 1862, NOV has pioneered innovations that improve the cost-effectiveness, efficiency, safety, and environmental impact of oil and gas operations. NOV powers the industry that powers the world.

www.nov.com

ABOUT FININDUS

Finindus is a Belgian investment company backed by ArcelorMittal and the Flemish Region. Finindus invests in growth companies with a specific focus on materials, material processing, sustainable manufacturing and industry 4.0.

www.finindus.be

ABOUT THE COLORADO IMPACT FUND

The Colorado Impact Fund (CIF) is a Denver-based venture capital firm investing in Colorado companies with high-growth, scalable business models and a commitment to make their community better. CIF was created to support a growing entrepreneurial and impact ecosystem throughout the state of Colorado.  CIF manages approximately $80 million of private capital with the Colorado Impact Fund I and the Colorado Impact Bridge Fund.

www.coloradoimpactfund.com.

ABOUT ZOMA CAPITAL

ZOMA Capital is the investment arm for the family office of Ben and Lucy Ana Walton, based in Denver. ZOMA Capital invests in a broad range of market-based sustainable solutions advancing energy, water, and community development in Chile and Colorado. Its global investment portfolio spans multiple asset classes and sectors with an emphasis on addressing environmental and social challenges.

www.zomalab.com/zoma-capital

 

 

 

For further information please contact:

info@keystonetowersystems.com

30 October 2017

Keystone Tower Systems Attracts Growth Capital to Support its International Expansion

Westminster, CO, USA - 30 October 2017 – Keystone Tower Systems Inc, a Colorado based technology company, has secured significant growth capital to further support the global roll out of its advanced wind turbine tower manufacturing technology.

Keystone Tower Systems has developed and patented an innovative process for spiral welding conical steel structures, enabling greater production efficiencies. The company is tailoring its spiral welding technology for the production of wind turbine towers. The technology significantly reduces the overall cost of tower manufacturing through increased throughput and lower labor and material costs, resulting in a reduction of the levelized cost of energy (LCOE) for wind. The first commercial tower production is planned for 2019.

Earlier this year, Keystone partnered with a leading equipment OEM in the steel industry to roll out the technology worldwide. The first phase focuses on licensing its spiral welding technology to existing tower manufacturing plants for conventional dimension towers. In the follow-up phase, they will pursue mobile manufacturing facilities producing large diameter wind towers at the wind farm site, eliminating limitations on the tower diameter imposed by road transport restrictions.

The current investment round is led by a consortium of Keystone’s existing investors together with Finindus, a Belgium based venture capital company funded by ArcelorMittal and the Flemish Region; the Colorado Impact Fund, a Colorado based fund dedicated to supporting Colorado companies that generate consistent investment returns in addition to positive community impact; and Zoma Capital, the investment arm for the family office of Ben and Lucy Ana Walton, based in Denver, which invests in a broad range of market-based sustainable solutions addressing environmental and social problems.

“We are thrilled to bring onboard incredible partners who will help us accelerate our roll-out plan,” Eric Smith, CEO of Keystone Tower Systems, commented on the transaction.

“Steel and welding technology are at the core of the business of one of our shareholders. It is clear that Keystone Tower Systems is a natural fit within our investment focus,” Hans Maenhout, Investment Director at Finindus, commented.

“The Colorado Impact Fund is excited to support Keystone Tower Systems as it develops and commercializes a world-class technology that will further cement Colorado’s position as a leader in the wind energy sector,” said Scott Reich of the Colorado Impact Fund.

Melissa Cheong, Zoma's Chief Investment Officer, remarked, “We are excited to support an innovative Colorado-based business whose technology has the potential to accelerate the adoption of wind power and expand the geographic reach of renewable energy development.”

ABOUT KEYSTONE TOWER SYSTEMS

Keystone Tower Systems, founded in 2010, is a Colorado based company specializing in innovative wind tower manufacturing technologies. It is the only company in the world with the technology to spiral weld wind towers.

www.keystonetowersystems.com

 

ABOUT FININDUS

Finindus is a Belgian investment company backed by ArcelorMittal and the Flemish Region. Finindus invests in early stage and growth companies, with a specific focus on materials, material processing and sustainable manufacturing.

www.finindus.be

ABOUT COLORADO IMPACT FUND

The Colorado Impact Fund, founded in July 2014, is a venture capital firm dedicated to supporting local Colorado companies that generate consistent investment returns in addition to positive community outcomes. Investors in the Fund include some of Colorado’s most respected executives, families, foundations and corporations, each of whom is committed to making a difference in the State of Colorado and beyond. Targeting investments in the areas of community health, natural resource conservation, education and workforce development and economic development, the Colorado Impact Fund leverages its collective experiences, resources and networks to help Colorado entrepreneurs create exceptional and lasting companies.

www.coloradoimpactfund.com

 

ABOUT ZOMA CAPITAL

Zoma Capital is the investment arm for the family office of Ben and Lucy Ana Walton, based in Denver. Zoma manages an investment portfolio with strategies in Colorado and in Chile focused on issues of energy, water, community development, workforce development and mental health.

 

For further information please contact:

Anna Moon, VP of Business Development & Strategy

Email     : info@keystonetowersystems.com

Powercell

Website Powercell

Powercell develops, manufactures and commercializes PEM fuel cells, fuel reformers and auxiliary power units for higher energy efficiency and lower harmful emissions.

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2 April 2020

PowerCell signs contract with leading European shipyard regarding fuel cell system worth MSEK 77

PowerCell Sweden AB has signed a contract with a leading European shipyard regarding the development and delivery of a megawatt marine fuel cell system. The system will be developed and delivered during three years and the total value of the contract for the period amounts to MSEK 77 (MEUR 6.9).

 

The contract comprises the development and delivery of a marine fuel cell system with a total power of approximately 3 megawatt, MW. The system will be developed and delivered over the course of three years and the total amount of MSEK 77 (MEUR 6.9) covers both development and delivery.  

The international maritime organization, IMO, has decided to halve the emissions of Greenhouse Gases from commercial ships by 2050. Considering the long lifetime of ships, zero emission vessels may have to set sail as early as 2030.    

For further information, please contact:

Per Wassén

CEO, PowerCell Sweden AB (publ)
Phone: +46 (0) 31 720 36 20
Email: 
per.wassen@powercell.se

This information is insider information that PowerCell Sweden AB (Publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CET on April 01, 2020.

About PowerCell Sweden AB (publ)

PowerCell Sweden AB (publ) develops and produces fuel cell stacks and systems for stationary and mobile applications with a world class energy density. The fuel cells are powered by hydrogen, pure or reformed, and produce electricity and heat with no emissions other than water. As the stacks and systems are compact, modular and scalable, they are easily adjusted to any customer need.

PowerCell was founded in 2008 as an industrial spinout from the Volvo Group. The share (PCELL) is since 2014 subject to trade at Nasdaq First North Growth Market, Stockholm. G&W Fondkommission is Certified Adviser, e-mail: ca@gwkapital.se, phone: +46 8 503 000 50.

31 March 2020

PowerCell receives order for PowerCell S3 from Bosch at a total value of MSEK 11.5

PowerCell Sweden AB has received an order for PowerCell S3 fuel cell stacks from Bosch at a total value of approximately MSEK 11.5 (1,047,900 Euro). The order will have a positive financial impact during the first quarter 2020.

The order comprises several PowerCell S3 fuel cell stacks to be delivered to Bosch within the framework of the joint development and licensing agreement. In April last year German Robert Bosch GmbH and PowerCell Sweden signed an agreement regarding the development, production and sale of the PowerCell S3 fuel cell stack for the automotive segment. The agreement includes a joint development of the S3 and a license whereby Bosch gets the exclusive right to produce and sell the new and improved version of PowerCell S3 for automotive applications such as cars, trucks and buses. Bosch has previously communicated the ambition to start their own production of PowerCell S3 in 2022 at the latest. For further information, please contact:

Per Wassén
CEO, PowerCell Sweden AB (publ)
Phone: +46 (0) 31 720 36 20
Email: 
per.wassen@powercell.se

This information is insider information that PowerCell Sweden AB (Publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CET on March 30, 2018.

About PowerCell Sweden AB (publ)

PowerCell Sweden AB (publ) develops and produces fuel cell stacks and systems for stationary and mobile applications with a world class energy density. The fuel cells are powered by hydrogen, pure or reformed, and produce electricity and heat with no emissions other than water. As the stacks and systems are compact, modular and scalable, they are easily adjusted to any customer need.

PowerCell was founded in 2008 as an industrial spinout from the Volvo Group. The share (PCELL) is since 2014 subject to trade at Nasdaq First North Growth Market, Stockholm. G&W Fondkommission is Certified Adviser, e-mail: ca@gwkapital.se, phone: +46 8 503 000 50.

26 March 2020

Bus with PowerCell S2 in daily operations in China has run the equivalent of one lap around the globe

A bus equipped with PowerCell S2 fuel cell stacks used in daily operations in China, has up until the end of January this year, covered 40,000 kilometers, the equivalent of one lap around the globe.
The bus is one of several that has been equipped with PowerCell S2 fuel cell stacks by Wuhan Tiger and that are running in field tests in Wuhan in China.
“This shows that our leading fuel cell technology really meets the requirements of use under real conditions, Yibo Zhao, President of PowerCell’s Chinese subsidiary PowerCell Fuel Cell Co Ltd.

Wuhan Tiger Fuel Cell Company Ltd has been a customer to PowerCell since 2017. The company has the ambition to develop fuel cell powered vehicles for the Chinese market together with the Chinese vehicle manufacturer Skywell. Wuhan Tiger has developed a 40kW fuel cell system based on 2 PowerCell S2 fuel cell stacks. Over the last year, the system has been tested in buses running in daily traffic on two bus lines in Wuhan. One of the lines covers 12 kilometers with 16 stops.

“Despite intensive use for a long time and under tough conditions, none of the stacks has experienced any problems whatsoever – the bus that has covered the longest distance so far has run 40,000 kilometers. It is a very strong proof that our products have the reliability and durability that the customers need and require”, Yibo Zhao, President of PowerCell Fuel Cell (Shanghai) Co Ltd. and Manager Sales Area Asia said.

“Our buses equipped with PowerCell’s stacks have been working very well. Thanks to their reliability we have been able to demonstrate in a very tangible way that the fuel cell technology is a truly attractive alternative when phasing out fossil fuels from the automotive segment”, Wu Bo, Vice President at Wuhan Tiger said.   

Zero Emission Solution

Fuel cells offer a zero-emission solution for an electrification of a vast range of applications, such as cars and buses. In comparison, an average city bus running 4,000 kilometers on diesel would have emitted approximately 6.8 tons of carbon dioxide and 184 kilos of NOx.

With the ambition to decrease the emissions from the road traffic, China has introduced large subsidies for fuel cell vehicles. Since 2017 Wuhan Tiger has purchased a total of 54 S2 fuel cell stacks from PowerCell. In 2018 the company’s fuel cell bus was approved for production by the Chinese authorities.

 

For further information, please contact:

Per Wassén

CEO, PowerCell Sweden AB (publ)

Phone: +46 (0) 31 720 36 20

Email: per.wassen@powercell.se

 

About PowerCell Sweden AB (publ)

PowerCell Sweden AB (publ) develops and produces fuel cell stacks and systems for stationary and mobile applications with a world class energy density. The fuel cells are powered by hydrogen, pure or reformed, and produce electricity and heat with no emissions other than water. As the stacks and systems are compact, modular and scalable, they are easily adjusted to any customer need.

PowerCell was founded in 2008 as an industrial spinout from the Volvo Group. The share (PCELL) is since 2014 subject to trade at Nasdaq First North Growth Market, Stockholm. G&W Fondkommission is Certified Adviser, e-mail: ca@gwkapital.se, phone: +46 8 503 000 50.

Rein4ced

Website Rein4ced

Rein4ced produces carbon and steelfibre reinforced composites, initially targetted at high end bike frame applications.

Related news

17 January 2020

Accell Group shifts to automated production of carbon fiber bicycle frames in Belgium

 January 16, 2020

PRESS RELEASE - Collaboration with Leuven based innovator REIN4CED

January 16th 2020 – Today Accell Group and REIN4CED announced their collaboration on the automated production of high-end carbon fiber bicycle frames for Accell. Mid 2020 the first hardtail mountain bikes with the new technology for Accell’s brand Ghost will be available in Germany, Spain, Austria, Switzerland, Italy and Czech. REIN4CED set up a brand new automated manufacturing facility in Belgium. With the production shift from Asia to Belgium, Accell benefits from significant logistic and sustainability advantages  as well as increased supply chain flexibility and efficiency. Local manufacturing in Europe drastically reduces overseas shipments and storage, resulting in a positive contribution to CO2 emission, faster deliveries and cost savings.

CEO Accell Group Ton Anbeek: "This collaboration matches Accell Group’s global innovation strategy and ambition to increase sustainability in its products. With enhanced durability and safety through local production and maximum performance for our cyclists with the new FEATHER technology. In two words: this innovation is smart and green".

CEO REIN4CED Michaël Callens: "Accell Group is a world leader and pioneer in the bicycle industry and we are proud to work together. REIN4CED developed a new, automated production line for hybrid composite bicycle frames in its production facility in Leuven, Belgium, with an annual production capacity of up to 20.000 frames. Accell and its consumers will benefit from our product as the new FEATHER composite material offers extreme impact resistance. Our hybrid carbon-and-steel fiber composite will deliver the confidence that cyclists deserve in high-end composite bicycle frames. The FEATHER material combines the stiffness and lightweight characteristics of carbon with the toughness of steel".

Background

 

About FEATHER

FEATHER is a new composite material technology offering extreme impact resistance, which is a revolution in the composites arena. Bicycle frames with FEATHER technology inside increase safety and reliability beyond what is out there today. Adding a dash of steel eliminates the sudden, brittle fracture behavior that numerous cyclists fear. REIN4CED will supply FEATHER frames to leading cycling brands starting mid 2020. FEATHER also attracts interest of automotive and aerospace markets, which require parts and assemblies with consistent material properties including impact resistance.

 

About Accell Group 

Accell Group is the European market leader in e-bikes and the European number two player in bicycle parts and accessories. Accell Group focuses on the mid-range and higher segments of the market for bicycles and bicycle parts and accessories Our bicycles and related products are sold to dealers and consumers in more than 80 countries worldwide. Well-known bicycle brands in our portfolio include Batavus, Sparta, Koga, Ghost, Haibike, Lapierre, Babboe, Raleigh and Winora. XLC is our brand for bicycle parts and accessories. Accell Group employs approximately 3,300 people across 18 countries. In 2018, we sold around 1.1 million bicycles and recorded a turnover of over € 1 billion.

For more information:

Debbie de Wagenaar, Director Communications, tel: +31 (0)612836103

 

About REIN4CED

REIN4CED is a Belgian innovative manufacturing company. In its production facility in Leuven, REIN4CED has an annual production capacity of up to 20.000 frames for manufacturing of impact-resistant and lightweight bicycle frames for brands wishing to offer their cyclists maximum performance with enhanced safety and durability. The new breed of carbon fiber bikes are produced on an automated line using thermoplastic composites and REIN4CED's proprietary, impact-resistant “FEATHER” material. REIN4CED allows commercial carbon frame production in Europe for the first time, introducing significant logistic advantages and increased supply chain flexibility and efficiency. Innovation is at the core of REIN4CED, as illustrated by receiving Deloitte's Most Disruptive Innovator award and the Sportech Innovation award. The REIN4CED team of twenty professionals, led by Michaël Callens (CEO), Niels De Greef (COO), Dave Luyckx (CPO), is highly specialized and experienced in composite materials, manufacturing technologies, and diverse industries including cycling, industrial, automotive and aerospace. 

Michaël Callens, CEO & Co-founder, tel: +32 16 14 08 21 – Email: michael.callens@rein4ced.com

18 July 2019

The consequences of stiff bicycle frames

Bicycle frames should be light and stiff. The past several years, technologies have developed further and further such that these frames become continuously lighter and stiffer. Some wonderful developments for (professional) cyclists, until they have an ugly fall.

The limits of carbon

The weight of bicycle frames has steadily gone downwards over the past years. The bicycle with which Eddy Merckx won the Tour fifty years ago is nothing in comparison with the bicycle of the soon to be winner of the Tour 2019. However, the carbon material is reaching its limits concerning its lightness and stiffness.

Lighter and stiffer bicycles also mean bicycles with lower strength and less impact resistance. “Not a problem”, some may say, “because bicycles are made for cycling, not falling.” However, several falls in cycling competitions have proven otherwise. A minor impact can inflict a destruction on traditional carbon frames, leading to breakage and the spectacular images of bicycles broken in two pieces after a fall.

Unbreakable frames by Feather technology

REIN4CED has ingeniously combined the characteristics of carbon and steel by developing a new technology called Feather where small steel fibers are added to traditional carbon as such creating a new material that is still light and stiff yet also very impact resistant. Compared to traditional fragile carbon, REIN4CED’s steel fiber composite shows compact damage signs upon impact (VIDEO: Impact properties REIN4CED's composite material). As the light frames retain high stiffness and mechanical integrity upon impact, the cyclists benefit from unbreakable frames.

Any potential damage visible on the steel fiber composite frames inform cyclists about impacts that have taken place. This way, they know about it and are able to take countermeasures if needed. The steel fiber composite of REIN4CED avoids major crashes and serious physical injuries resulting from the frame impacts. 

Even just now in the Tour 2019 we could witness the spectacular fall of Geraint Thomas who landed on his teammate’s bike snapping the bicycle in two (VIDEO: Fall of Geraint Thomas). No one was injured, but other stories exist.

2 July 2019

Leuvens bedrijf komt met onbreekbare fiets op de markt

Bron: ROB TV

Dit weekend gaat de Tour de France van start in ons land, er zullen in de eerste week ongetwijfeld heel wat renners tegen het asfalt gaan en daarbij hun fietskader breken. Als het van het Leuvense bedrijf REIN4CED afhangt is dat volgend jaar niet meer het geval, zij willen tegen dan maar liefst 20.000 onbreekbare carbonframes op de markt brengen.

Sentea

Website Sentea

SENTEA (BE,2018) develops interrogators for fibre optic sensors (a.o. fibre bragg grating sensors). By integrating the optical parts directly on a chip and using existing fabs, the interrogator can be made more robust and more reliable, and be offered at a substantially lower cost. SENTEA enables condition monitoring to become the standard.

Related news

10 September 2018

Finindus invests in Sentea, a fiber optic sensing spin-off launched by UGent and imec

Silicon photonics based fiber optic sensing allows for highly accurate, small, robust and cost-efficient structural health monitoring and process control

Ghent (Belgium) - September 10, 2018 – Ghent University (UGent) and imec today announced the incorporation of Sentea, a spin-off from their world leading Photonics Research Group. An initial 1.6 million Euro in funding was raised from Fidimec, Finindus, PMV and QBIC II and the founders. Sentea will develop and market advanced silicon photonics based fiber optic sensing solutions. These will be used to continuously monitor engineering structures for signs of damages that over time could lead to catastrophic failure, as well as to control industrial installations to maximize their efficiency.

According to the new market research report from MarketsandMarkets, the structural health monitoring market is estimated to grow from USD 1.48 billion in 2018 to USD 3.38 billion by 2023, at a CAGR of 17.93% between 2018 and 2023. The major factors driving the growth of the structural health monitoring market include concerns about catastrophic failure due to aging infrastructures in the developed countries, stringent government regulations pertaining to the sustainability of structures, and the superior benefits of structural health monitoring. Furthermore, the structural Health Monitoring Market for the Energy vertical is expected to grow at a rate of more than 20% from 2018-2023, owing to various applications such as wind turbines, nuclear power plants and hydropower plants.

“Integrating all optical functions into a single silicon photonics component will allow us to make highly accurate, small and robust fiber optic sensor interrogators. Silicon photonics is also very cost-effective, which makes fiber optic sensing affordable for a wide range of new markets and applications and facilitates universal and continues monitoring of structures”, commented Karsten Verhaegen, CEO of Sentea. “Key potential customers have expressed great interest in Sentea’s solutions, stating that better infrastructure lifetime management and process control makes them more competitive in their respective markets.”

“Sentea builds on state-of-the-art silicon photonics technology IP that has been developed at the Photonics Research Group of imec and the UGent for the past 20 years, a technology in which both organizations are perceived as world-leading,” stated Luc Van den hove, president and Chief Executive Officer at imec. “This firm technology base will provide Sentea a kick-start to develop its sensor technology that is answering an existing need in a broad range of market segments.”

To develop its first products and bring them to market, the company raised 1.6 million Euro in funding from a consortium of investors including Fidimec, Finindus, PMV and QBIC II.

About Structural Health Monitoring

Structural Health Monitoring (SHM) is a process in which engineering structures are continuously monitored throughout their lifetime for early signs of damages that over time could lead to catastrophic failure. By detecting any damage early on, and repairing or replacing the damaged part, catastrophic failure and the resulting downtime and huge repair costs can be avoided. A range of SHM solutions, such as fiber optic sensing, have found their way into engineering structures such as wind turbines, nuclear power plants, ships, trains, airplanes, buildings, bridges, dams, tunnels, heavy machinery, blast furnaces and so on.

About fiber optic sensing

Fiber optic sensing is a technology where the sensor itself is a specialty fiber designed such that it can sense pressure and temperature at multiple point along the length of the fiber. An interrogator device then captures the signal of the multiple sensing points in the fiber and interprets the signal into pressure, temperature or other derived parameters (e.g. acceleration or vibration). The inherent advantages of fiber optic sensors such as light weight, small size, passive, low attenuation, immunity to electromagnetic interference, wide bandwidth and environmental ruggedness are heavily used to offset their major disadvantages of high cost of the interrogator. Cost reduction of fiber optic sensor interrogators, together with new trends like IoT, big data and industry 4.0 will boost the utility and demand of fiber optic sensing in SHM and process control even further.

About Silicon Photonics

Silicon photonics allows for major cost savings and a significant increase in capabilities in developing and fabricating optical components. The ability to use standard CMOS manufacturing processes makes silicon photonics commercially very attractive. The sub-micron precision of these standard microelectronic CMOS processes allow for silicon photonics components to integrate a variety of optical functions in a very small chip that consumes far less power than traditional optical components. Decades of experience in making (electronic) chips from silicon as well as the installed base of (silicon) semiconductor manufacturing capacity can be leveraged to build highly integrated low-cost optical components for a variety of applications.

About Sentea

Sentea aspires to be a market leader in advanced fiber optical solutions for structural health and process monitoring. The company was incorporated in 2018 as a spin-off of the Photonics Research Group of Ghent University and imec to commercialize more than a decade of research in silicon photonics and fiber optic sensing. Benefitting from the advantages of silicon photonics, Sentea will develop and market fiber optic sensing interrogators that offer high accuracy, small size and advanced functionality, positioned for deployment in a wide range of applications and markets, hence enabling continuous monitoring of structural integrity to become the standard. Sentea is privately held by a consortium of investors including Fidimec, Finindus, PMV and QBIC II.

Contact: Karsten Verhaegen, CEO, e-mail: karsten.verhaegen@senteatech.com

About imec

Imec is the world-leading research and innovation hub in nanoelectronics and digital technologies. The combination of our widely acclaimed leadership in microchip technology and profound software and ICT expertise is what makes us unique. By leveraging our world-class infrastructure and local and global ecosystem of partners across a multitude of industries, we create groundbreaking innovation in application domains such as healthcare, smart cities and mobility, logistics and manufacturing, energy and education.

As a trusted partner for companies, start-ups and universities we bring together more than 4,000 brilliant minds from over 85 nationalities. Imec is headquartered in Leuven, Belgium and has distributed R&D groups at a number of Flemish universities, in the Netherlands, Taiwan, USA, China, and offices in India and Japan. In 2017, imec's revenue (P&L) totaled 546 million euro. Further information on imec can be found at www.imec-int.com.

Imec is a registered trademark for the activities of IMEC International (a legal entity set up under Belgian law as a "stichting van openbaar nut”), imec Belgium (IMEC vzw supported by the Flemish Government), imec the Netherlands (Stichting IMEC Nederland, part of Holst Centre which is supported by the Dutch Government), imec Taiwan (IMEC Taiwan Co.) and imec China (IMEC Microelectronics (Shanghai) Co. Ltd.) and imec India (Imec India Private Limited), imec Florida (IMEC USA nanoelectronics design center).

Contact: Hanne Degans, Press communications manager, +32 16 28 17 69 // +32 486 06 51 75 // Hanne.Degans@imec.be

About UGent

Ghent University was founded in 1817 and is one of Europe’s leading institutions of higher education and research in the Dutch-speaking region today. It comprises eleven faculties offering education driven by its innovative research in the many scientific disciplines. Located in Flanders, Belgium, the cultural, political, and economic heart of Europe, Ghent University is an active partner in many national and international educational, scientific and industrial collaboration projects.

The Photonics Research Group in the Faculty of Engineering and Architecture is one of Europe’s leading groups in the field of photonic integration and silicon photonics. It is associated with imec and hosts 80 researchers including six ERC-grantees. The Photonics Research Group is part of the Center for Nano and Biophotonics – NB-Photonics – a multidisciplinary research and technology transfer platform clustering the resources and knowhow of 23 professors across four different faculties.