Ombu Group (http://www.ombugroup.com) has invested £6 million into P2i Ltd, the world leader in liquid repellent nano-coating technology, as part of a £12 million funding round that will support P2i’s accelerating commercialisation and international growth.
P2i (http://www.p2i.com) was established in 2004 to commercialise liquid repellent treatments developed by the Ministry of Defence. Its revolutionary technology helps customers protect and improve a wide and growing range of products including sensitive electronic devices, such as mobile phones, MP3 players and hearing aids, which can suffer irreparable damage when exposed to moisture, water and oil. P2i is also active in the Lifestyle, Life Sciences, Filtration & Energy, and Military & Institutional sectors enhancing an assortment of products including footwear such as hiking, running and golf shoes, through to laboratory consumables such as pipette tips. This funding round comes as the company accelerates its growth in the Electronics and Lifestyle markets.
Stephen Brooke, the Chief Executive Officer of Ombu Group, said: “At Ombu, we back fast-growing UK companies with world-class technology that need capital and management support to enable them to scale rapidly and effectively. P2i is a perfect fit for us. It has amazing technology, is experiencing rapid growth and is led by an outstanding management team that we believe has the capacity to turn P2i into a major UK advanced technology business.’
Carl Francis, P2i’s Chief Executive, commented: “This substantial new investment is a clear endorsement of our leading position in liquid repellent nano-coating technology. Our business is currently expanding rapidly and is being driven by two core markets, Electronics and Lifestyle through both ‘new customer adoption’ and ‘existing customer volume increases’. Across all our markets we are implementing our game changing technology into the productions lines of the world’s leading industrial, scientific and consumer brand players. The growth in new customers in the past year has been staggering.”
The new money will be invested in four main areas: operational infrastructure and facilities, including further development of the company’s Asia operation; marketing and sales capacity; capital equipment; and R&D.
About Ombu Group (www.ombugroup.com)
Ombu Group partners with outstanding business leaders to help them build world-class, advanced technology businesses. Ombu provides capital and management support to fast-growing companies in the fields of industrial technology, energy technology and water technology.
P2i is the world leader in liquid repellent nano-coating technology. It was established in 2004 to commercialize liquid-repellent treatments developed by the UK’s Ministry of Defence. Now on a commercial scale, P2i’s patented process has been successfully applied to a wide range of products in a wide range of markets including Lifestyle, Electronics, Life Sciences, Military & Institutional and Filtration & Energy.
In consumer sectors, the presence of P2i’s technology is indicated either by ion-mask™, its brand for Lifestyle, footwear and accessories, or Aridion™, its brand for Electronics. See www.p2i.com for more information.
Jane Lee (in association with Origin Communications)
Tel: +44 (0)1273 470199|
Tel: +44 (0)20 7752 0863
This press release was distributed by ResponseSource Press Release Wire on behalf of Cobra Public Relations in the following categories: Business & Finance, Manufacturing, Engineering & Energy, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.