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Quantiam raises USD6m for advanced coatings
By
Editorial
Mon Feb 8 2010, 10:09 AM
Canada-based Quantiam Technologies has raised USD6m in funding from Ursataur Capital Management and BASF Venture Capital. The firm develops coatings with applications in power generation, oil, gas and defence industries. Quantiam claims applying its coatings to petrochemical furnace coils during pyrolysis reduces coke formation, which reduces costs and energy consumption. The funding will be used to support manufacturing expansion.
Deal Details
- Status completed
- Amount US$6m
- Investors
- Target Quantiam Technologies
