SCREEN buys stake in MOF startup Atomis to sharpen material tech
What's the deal? SCREEN HoldingsDealroom has a profile for this one. Try Dealroom → has acquired shares in Atomis, a Kobe-based startup that develops and manufactures metal-organic frameworks (MOFs). The investment came through a third-party share allotment, with terms undisclosed.
What's Atomis? Founded in 2015, the startup spun out of Kyoto UniversityDealroom has a profile for this one. Try Dealroom →, building on research by Nobel laureate and chemistry professor Susumu Kitagawa. It designs custom MOFs and produces them at low cost using proprietary synthesis methods, selling both inside and outside Japan.
Why MOFs? MOFs are a next-generation material used to separate, absorb, and recover gases, including atmospheric components. They are studied worldwide as a potential breakthrough for decarbonisation and energy saving.
What's the endgame? SCREEN wants to work more closely with Atomis to improve the performance of its own products that use MOFs. The company pairs its surface control and processing technologies with Atomis's gas-control expertise.
SCREEN said it aims "to create new value in addressing issues facing the global community."
The signal: The deal reflects industrial manufacturers moving upstream into advanced materials as demand grows for technologies tied to decarbonisation and energy efficiency.
Read more: in.marketscreener.com
Image credit: Generated with Gemini
