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Jet Metal Technologies raises 2,5 M€ in financing round


Press release: Ecully, on March the 18th, 2009

Jet Metal Technologies, who develops and markets its innovative and green metallization process, just finalized its first funding round of 2.5 M€ with Viveris, Schneider Electric Venture, Naxicap Partners and Rhône Alpes Création. In the same time, Jet Metal Technologies announces an important contract in the field of perfumery for the implementation of an on-line of metallization unit.

“We were immediately seduced by the uniqueness and the potential of Jet Metal Technologies’ offer” stated Guillaume Dupont, Investment Partner at Schneider Electric Ventures.

Samuel Stremsdoerfer, President of Jet Metal technologies announces: “This funding will give us the means to finance our growth. We offer through the flexibility of our technology a strong response to the need for innovation and the environmental constraints of the treatments industry”.

The Jet Metal™ process is an innovative technology of metallization developed at the “Laboratory LTDS” of “Ecole centrale of Lyon” (France). Jet Metal Technologies industrializes its “dynamic chemical plating” which consists in the simple simultaneous projection of two aerosols to metalize all types of materials, glass, plastics, ceramics, wood and textiles. This unprecedented innovation in the field of surface treatments is a strong technological breakthrough compared to the old and (polluting) metallization process. Formulated in aqueous bases, the Jet Metal™ solutions are clean, flexible, and competitive and promise an important potential for technical innovations.

« Considering the economic situation and the environmental pressure on surface treatment sector, Jet Metal Technologies comes with a very relevant answer; this is perfect timing! » said Sebastien Fourneron Jet Metal Technologies Business Manager.

The targeted applications are the metallization, functional or decorative deposits, for almost all of today’s industrial branches including automotive, perfumery or electronics, but also to the industries of tomorrow. Jet Metal Technologies invests and offers specific solutions for the photovoltaic industry, for electromagnetic shielding or hard coatings applications, and to metalize composites or technical textiles. Jet Metal Technologies is an appealing partner for all the companies having environmental constraints and/or technological issues related to surface treatments.

“We were immediately impressed by the green tech concept of Jet Metal Technologies giving the company a strong competitive advantage to be successful on its markets!” said M. Philippe Reynaud, Investment Manager at Viveris.

About Jet Metal Technologies

Jet Metal Technologies, based in Lyon (France) develops and markets an innovative and clean metallization solution. The Jet Metal™ process consists of the simultaneous projection of two aqueous aerosols on the surface of a substrate to obtain a metalized film. The technology is suitable for decoration, mirror, photovoltaic, electromagnetic shielding, or conductivity applications…

The Jet Metal™ process comes from “Ecole Centrale” of Lyon labs. The company holds five patents and is in the process of filing two new patents. Jet Metal technologies also just signed an important contract in the field of perfumery for the implementation of an on-line of metallization unit. For more information, please visit: www.jetmetal-tech.com

Contact: Samuel Stremsdoerfer or Sebastien Fourneron, Jet Metal Technologies SAS.

Tel: +33-478 33 2002, s.stremsdoerfer@jetmetal-tech.com s.fourneron@jetmetal-tech.com

In connection with the investments funds

About Viveris :

Viveris Management is a well-established third-party management company specialized in Private Equity financing of unlisted SMEs.

Launched in 2000, it manages M€ 450 in assets with a current investment portfolio of 130 companies and an investment team of 29 professionals dedicated to one of four investment divisions (expansion capital/ buyout, venture capital, French Overseas Private Equity, Mediterranean Private Equity).

Viveris Management currently manages 32 investment vehicles, including a variety of retail funds (FCPI, FIP), funds dedicated to institutional investors (FCPR), and companies under mandate.

Viveris Management has developed an expertise focused on financial innovation and asset diversification into market niches such as Emerging Private Equity, Real Estate, and renewable energies. The Venture Capital division includes 6 professional investors relying on a proprietary team of 6 auditing and legal experts.

Investments decisions target unlisted SMEs typically at an early stage (minority shares, first or second round of financing) and leading projects innovation to be followed up all along their development. Venture Capital funds under management currently account for M€ 192 in assets, 40 portfolio companies, and 4 to 6 new deals per year. They raised M€ 15 in assets in 2008.

More Information: www.viverismanagement.com

Contact: philippe.reynaud@cepac.caisse-epargne.fr

About Schneider Electric Ventures :

Schneider Electric Ventures is a venture capital fund sponsored by Schneider Electric, the global specialist in energy management (2008 sales: 18.3 billion euros). Schneider Electric Ventures invests in innovative companies in the fields of energy and power, communication and automation, advanced materials and electronics. Schneider Electric Ventures currently manages 18 investments in Europe and North America. More information: www.se-ventures.com

Contact: guillaume.dupont@fr.schneider-electric.com

About NAXICAP Partners :

France’s leading growth capital operator for small and medium-sized enterprises, Naxicap Partners is an investment company with €537 million of capital under management that offers entrepreneurs a solid partnership on which to base successful ventures. A Natixis Private Equity subsidiary, Naxicap Partners comprises five regional units based in Paris, Lyon, Toulouse, Strasbourg and Nantes bringing together 32 investment professionals. It is through his « Creation » team that NAXICAP Partners participates to Jet Metal technologies development.

More information: www.naxicap.fr

Contact: Dominique.Louy@naxicap.fr

About Rhône Alpes Création:

Rhône-Alpes Création mobilizes equity for young and high growth potential companies, which are based in the Rhone-Alps area. The majority of the capital is held by private sector organisms (such as banks or industries) with assistance from the regional authorities. The investment focus is companies in the information technology, bio technologies and environment sectors.

Rhône-Alpes Création is a French Private Equity company with a portfolio of 53 companies and 23M€ under management.

For more information, visit: www.r-a-c.fr

Contact: m.viallard@r-a-c.fr


Publisher Contact Information:

Jet Metal Technologies
+33-478 33 2002
s.stremsdoerfer@jetmetal-tech.com

Company profile of Jet Metal Technologies
Past press releases of Jet Metal Technologies.

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