Thursday, June 10, 2021 9:10:09 AM
Note who AMSILK'S customers are also note the quality of the press release
Note in particular the following :
The company is ALREADY producing Biosteel fibres for textiles and industrial applications worldwide and has announced collaborations and partnerships with brands such as Adidas and Airbus.
A stark contrast to the drivel we receive.
AMSilk attracts €29 million financing
Company is already producing Biosteel fibres for textiles and industrial applications.
Adidas unveiled Futurecraft Biofabric – the world’s first performance shoe made from Biosteel fibre – in 2016. © adidas
Adidas unveiled Futurecraft Biofabric – the world’s first performance shoe made from Biosteel fibre – in 2016.
© adidas
7th June 2021
Innovation in Textiles
Planegg, Germany
Sports/?Outdoor, Transport/?Aerospace
Novo Growth, the growth equity arm of Copenhagen, Denmark-headquartered Novo Holdings, has led a €29 million series C investment in AMSilk, the developer of synthetic silk biopolymers.
The high-performance biopolymers of AMSilk, based in Planegg, near Munich, Germany, have the unique functional properties of the natural product they are based on.
The company’s products are made from plant-based raw materials via bacterial fermentation, and are extremely versatile, with advanced mechanical and biochemical properties. The environmentally friendly, sustainable silk biopolymers can be fully recycled and are 100% biodegradable.
The company is already producing Biosteel fibres for textiles and industrial applications worldwide and has announced collaborations and partnerships with brands such as Adidas and Airbus.
The organic high-performance materials can be used in multiple ways and are suitable for medical devices as well as for personal care products.
“AMSilk’s technology has the potential to revolutionise a number of industries and be part of the decarbonisation push needed to overcome the biggest environmental challenges of our time,” said Novo Growth partner Kartik Dharmadhikari. “The company has made immense progress in enhancing its high-performance bio-based materials and we are delighted to lead this financing which will enable the team to expand the business globally.”
“Together with our customers we work to create high-performance bio-based materials with the potential to revolutionise product offerings and drive change across various industries,” added Ulrich Scherbel, AMSilk CEO. “It is exciting to have the support from high-technology investors, led by Novo Holdings, to make our silk polymers available in industrial quantities to an even broader range of customers and industries.”
www.amsilk.com
Recent KBLB News
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 11/22/2023 09:31:54 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/16/2023 09:30:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:43:51 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 09/11/2023 08:30:50 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/08/2023 04:15:15 AM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 09/01/2023 08:30:52 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:35:05 PM
FEATURED Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • May 17, 2024 11:00 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM
Cannabix Technologies and Omega Laboratories Inc. enter Strategic Partnership to Commercialize Marijuana Breathalyzer Technology • BLO • May 16, 2024 8:13 AM
Avant Technologies to Revolutionize Data Center Management with Proprietary AI Software Platform • AVAI • May 16, 2024 8:00 AM