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Bac2 raises more than £300,000 in over-subscribed funding round

Southampton, UK, December 3, 2012: Bac2, the polymer materials
company, has secured a further £312,500 investment in an
over-subscribed funding round led by Fair-Lead Partners. The capital
raised will support fast-growing demand for the company’s
award-winning CSR family of latent acid catalysts. Existing private
investors provided most of the new money.

The investment comes after Bac2 successfully re-directed its product
and market strategy in 2011, moving away from producing components for
emerging fuel cell applications and focusing instead on the
development of latent acid catalysts that deliver benefits in
established, high volume manufacturing sectors. The patent-pending CSR
catalysts were originally created to improve productivity in Bac2’s
own polymer manufacturing processes but it soon became clear that they
had global market appeal in a wide variety of manufacturing processes
including those for wood products, abrasives and sheet or bulk moulded
composites (SMC and BMC).

CSR catalysts extend the storage life of pre-polymeric mixes from
minutes or hours to several months, simplifying storage,
transportation and materials handling. They activate at up to 30°C
lower temperatures than other catalysts, delivering significant energy
savings, and process efficiency improvements of over 100% have been
demonstrated in pultrusion. The catalysts also enable the manufacture
of inherently flame-retardant mouldings by facilitating the production
of stable phenolic and furan-based pre-polymeric mixes.

Commenting on the success of the funding round, Bac2’s CEO, Mike
Stannard, said, “The confidence that our investors and directors have
shown in our business has been inspired by the accelerating demand for
CSR catalysts across the world. We now have customers in Asia, Europe
and North and South America and the substantial process improvements
that they can realise by using our products will ensure that we build
strong commercial success upon the technical innovations we are now
delivering to the market.”

+++ ends

For further information and reader enquiries:
Mike Stannard, Bac2, Basepoint Romsey, Premier Way, Romsey, SO51 9AQ, UK
Tel: +44 (0) 1794 329342

PR agency contact:
Bob Jones, Publitek Technology PR, 18 Brock Street, Bath, BA1 2LW, UK.
Tel: +44 (0) 1225 470000

Editors’ notes
Bac2 develops innovative materials for novel polymer solutions.

The CSR family of latent acid catalysts gives better control of
pre-polymeric mixes, allowing them to be mixed, stored and then cured
at low temperature. This reduces the energy needed in a wide variety
of manufacturing processes and cuts costs.

Bac2 has customers in Europe, North and South America, and Asia and
the applications for its innovative materials expand with each new

Bac2, Basepoint Romsey, Premier Way, Romsey, SO51 9AQ, UK.

Publisher Contact Information:

+44 (0) 1794 329342

Company profile of Bac2
Past press releases of Bac2.


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