Vartega selected for Start-up Award at SAMPE 2018 hosted by xC Consultants

SAMPE - Where Materials Meet the Marketplace

May 24, 2018 (Long Beach, CA) – After Augsburg and Singapore, xC Consultants GmbH continued its tradition of bringing together successful startups from all over the world in its start-up competition at SAMPE 2018. The competition focused on innovation, the value created by the use of composite materials in the innovation, the role of the partners in the development phase, the benefits for the end-users, and market potential of the innovation.

Winners:

First Place Winner: 7000, -MITO Material Solutions, Stillwater USA, since 2015, CEO Haley Marie Keith
About: nano additives that is delivered via masterbatch carrier into the resin/epoxy that makes fiber reinforced composites 100% tougher and raises the thermal resistance of the resin/epoxy 50 degrees Fahrenheit.

Second Place Winner: 2000, -Vartega Inc., Colorado USA, since 2014, CEO Andrew Maxey

About: Development of a novel, chemistry-based process that recycles thermoset epoxy pre-impregnated (prepreg) carbon fiber back into dry carbon fiber.

Third Place Winner: 1000, - Arevo Inc., Santa Clara USA, since 2014, Chairman of the Board Hemant Bheda
About: Development of a new Additive Manufacturing solution for marketing ultra strong and lightweight composite parts to replace metal parts for commercial applications.

Participants:

3D Fortify, Boston USA, since 2016, Co-founder Karlo Delos Reyes
About: Advanced manufacturing startup that uses helius to disrupt additive manufacturing and usher in a new generation of custom, high performance products. 3D Fortify uses their patented process combining 3D printing and magnetics to create aligned reinforced carbon fiber composites.

MultiMechanics Inc., Omaha USA, since 2011, CEO Leandro Castro
About: Development of a state-of-the-art multiscale finite element software package that helps companies using advances materials greatly reduce physical prototyping and testing. The patent pending compression algorithm allows detailed FE models of materials to be linked to full part models.

N12 technologies, since 2012, director of corporate development Ben Bancroft
About: NanoStitch® introduces vertically aligned carbon nanotubes at interlaminar interfaces of prepreg to allow tougher, lighter and more durable composite structures.

VisCheck, Neubiberg, Germany, since 2015, co-founder Guido Bruch
About: software solutions based on artificial intelligence to analyse carbon defects pending compression algorithm allows detailed FE models of materials to be linked to full part models.

Seriforge Inc., San Francisco USA, since 2014, CEO Marco Zvanik
About: builds and sells machines for automating carbon fiber fabrication for mass production applications. It develops machinery that uses carbon fiber 3d weaving processes. 

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Contact: Michelle Tubb, CAE
Director of Marketing, Membership, and Education
Society for the Advancement of Material and Process Engineering
626-521-9453
michelle@sampe.org

Vartega to Present at the 37th Annual Michigan Growth Capital Symposium May 15-16

Ann Arbor, Mich. – May 9, 2018, 2018 – Vartega today announced that it has been selected to present at the 37th annual Michigan Growth Capital Symposium (MGCS). Vartega, an advanced materials company focused on carbon fiber recycling, will present to investors in attendance, which represent more than 100 top venture capital firms. More than 400 entrepreneurs, researchers, investment professionals and business executives are expected to attend the Symposium, which will be held May 15-16 at the Marriott Resort in Ypsilanti, Mich.

First held in 1981, MGCS is the premier, must-attend event for venture capitalists, technology transfer professionals, founders, CEOs and the best of the Midwest early stage and emerging, high-growth companies that are seeking institutional investment. The two-day conference will feature a keynote address from Wendell Brooks, senior VP of Intel Corporation and president of Intel Capital, as well as engaging industry panel discussions and networking opportunities for attendees.

Vartega CEO, Andrew Maxey, will present at the Symposium where he will share Vartega's latest progress in developing automotive thermoplastics for vehicle lightweighting applications to improve fuel economy, reduce emissions, and increase electric vehicle range. Vartega participated in Techstars Mobility in Detroit in 2017 and has plans to locate a commercial production facility in Michigan in collaboration with IACMI - The Composites Institute at their Scale-Up Research Facility.

"It's an honor to be able to present at the Michigan Growth Capital Symposium this year. Our team includes two University of Michigan alumni and many of our automotive customers are here in Michigan. This is a bit of a homecoming for us," said Andrew Maxey, Vartega CEO. "This event is a great opportunity for us to network with peers and investors that understand our space and the impact that our technology is having on the mobility sector."

“For nearly four decades, the Symposium has played an essential role in connecting the best and the brightest Midwest entrepreneurs with the investors they need to access new sources of funding to bring their businesses to the next level,” said David Brophy, Michigan Growth Capital Symposium founder and director of the University of Michigan’s Center for Venture Capital & Private Equity. “Once again, I am impressed by the caliber of companies that will be presenting at this year’s event, and we are glad to have Vartega join the ranks.”

To learn more, see the full list of presenting companies or register for the conference, visit www.michigan-gcs.com and follow conversations about the Symposium by tracking #MichiganGCS on Twitter. For more information about Vartega, please visit www.vartega.com.

 

About Vartega

Vartega is a technology development company specializing in the creation of advanced materials including carbon fiber reinforced thermoplastics for applications in additive manufacturing, sporting goods, consumer products, automotive, aerospace, and wind energy. Through the use of its patent pending recycling process, Vartega offers strong and lightweight carbon fiber at a fraction of the cost of virgin carbon fiber enabling the proliferation of carbon fiber for product lightweighting and performance improvements.

 

About the Michigan Growth Capital Symposium

The Michigan Growth Capital Symposium (MGCS) is the original university-based venture investment fair, which was first held in 1981. This decades-old nationally attended event is the largest Midwest fair of its kind that brings together venture capital investors, business angels, start-up companies, university tech transfer officers and research faculty. MGCS provides an opportunity for participants from the venture capital community to connect with Midwest start-ups seeking funding and to learn about emerging innovations that span tech and the life sciences. MGCS is presented by the Center for Venture Capital & Private Equity Finance and the Zell Lurie Institute at the University of Michigan Ross School of Business, with support from the Michigan Venture Capital Association.

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Vartega receives funding from Rockies Venture Club

Rockies Venture Club Starts 2018 with 6 Deal Closures

Rockies Venture Club continues to be one of the most active investing groups in Colorado

DENVER (PRWEB) MAY 04, 2018

Rockies Venture Club (RVC) is proud to announce that it led and closed six funding rounds in the part of 2018. This accomplishment marks the club as one of the most active Angel investing groups in the state of Colorado. RVC brings together syndicates of individual Angel investors and Angel groups from outside the state. RVC closed funding rounds for the Colorado-based companies OverWatchIDPharmaJetSwimlaneThe Food CorridorVartega Carbon Fiber, and the Vortic Watch Company.

Two of these ventures, OverWatchID and Swimlane are innovating within the red-hot CyberSecurity space. OverWatchID prevents privileged user credentials from being compromised, a problem that is responsible for over 90% of major data breaches. They were recently accepted into Plug and Play Tech Center’s inaugural CyberSecurity accelerator cohort and have been rapidly acquiring notable customers. RVC’s Director of Operations, Dave Harris shared, “Rockies Venture Club has seen a measurable uptick in the number and quality of CyberSecurity deals emerging from the Colorado startup ecosystem. We believe that this coincides with the growing need for security solutions, as well as the fact that Colorado has a strong CyberSecurity history. Ping Identity’s exit to Vista Equity Partners back in 2016 is one excellent example of the potential for CyberSecurity startups in our state.” Alongside OverWatchID, RVC investors funded a second round for Swimlane, a solution for cyber security professionals to better automate their response to security attacks.

RVC also invested in Vartega Carbon Fiber, an advanced manufacturing company that is recycling carbon fiber for uses in the aerospace, automotive, and recreation industries. The Vartega process avoids degradation of carbon fiber, lowering its cost and opening the industry to new applications such as 3-D printing. In this investment round, RVC investors formed a syndicate with a number of other Angel groups from around the US and invested alongside the Techstars Mobility accelerator in Detroit, which Vartega graduated from in 2017. Peter Adams, RVC’s Executive Director said, “We have known Vartega CEO, Andrew Maxey for a couple of years now. It has been fascinating to see the company iterate upon its model to get something that the industry is ready to adopt.”

Rockies Venture Club also recently hosted a successful Angel Capital Summit. The pitches from 25 startup companies received the highest investor interest in the club’s 33 year history. The ventures receiving the most investor interest are currently going through the club’s industry leading due diligence program and will be opening their funding rounds for investment shortly. Beyond these activities RVC is partnering with the Colorado Office of Economic Development & International Trade to host the first CO Advanced Industries Night on May 9th, and is currently accepting applications for its Impact HyperAccelerator program that kicks off on June 18th.