AgorIP supported company Hexigone shortlisted in Wales StartUp Awards
July 24, 2019
A business supported by AgorIP has been named a finalist in the annual Wales StartUp Awards.
Hexigone Inhibitors Ltd, a Swansea University spin out company, has been shortlisted in the Innovative Start Up of the Year category following their success in developing an alternative to hexavalent chromate, the commonly used corrosion inhibitor banned from use in the EU earlier this year.
Swansea University academics, Dr Patrick Dodds and Professor Geraint Williams, developed the technology, which is of significant interest to the coatings industry , which has a potential worth of $1bn globally.
Corrosion is a naturally occurring phenomenon that can affect public safety, the economy, and the environment.
The Swansea University Corrosion Research Group recognised the issue and embarked on the challenge of finding a replacement, taking on a new approach to solving the problem.
In 2015, Dr Dodds discovered a mechanism of protection that outperformed hexavalent chromate in laboratory tests, and the road to an innovate spin-out company began.
With the help of AgorIP, the Hexigone team, now based in Baglan Bay Innovation Centre in Baglan Energy Park, have already secured a number of innovation awards, non-dilutive grant funds, and equity investment commercial contracts.
The Wales StartUp Awards recognise the achievements of the entrepreneurial individuals who have spotted the opportunity and taken the risks to launch a new product or service.
The award ceremony will be held at the DEPOT in Cardiff on Friday 20th September.
Giorgia Cacace, Chief Operations Officer, said: “We are so pleased to be Innovative Start Up of the Year finalists as part of the excellent StartUp Wales Awards scheme.
“Hexigone manufactures chemically intelligent corrosion inhibitors which protect assets for longer across O&G, marine, aerospace and other industries.
“The technology behind the product is Hexigone’s patented micro-reservoir system which incorporates a corrosion inhibiting pigment previously incompatible with coatings. We’re thrilled this technology is being recognised for its innovative and commercial strengths.
“Winning this award would be especially significant for our team members, who are working extremely hard to ensure a successful manufacturing scale up from Baglan to meet international demand.”
You can follow Hexigone Inhibitors on Twitter on @hexigone_ltd.
To find out more about AgorIP follow @AgorIP_Swan on Twitter.Tags: AgorIP, Swansea University