P2i, the nanotechnology firm specializing in iPhone 4 cases waterproof coatings of mobile phone handsets, has secured a £5m funds package from Clydesdale Bank.
An UK-based start-up recently launched a subsidiary work in China and its nano-coating sources are in client factories in 10 continents across 16 countries, these kinds of as Argentina, America, Singapore and Down under.
"We'll be using the finance minimize the stress drive the expansion of our intercontinental business, which principally involves creating valuable high-tech products, such as the last smartphones, resistant to water damage, " said Ady Moores, Chief Financial Officer here at P2i.
P2i's patent-protected liquid resilient technology was developed initially as part of a huge university research project, and according to Sandra Hope, a Director of Clydesdale Bank's Growth Finance team this "demonstrates what can be achieved by an innovative on top of that far-sighted business model".
"The embracing of P2i's technology in the mobile industry has proven its achievement and, with the market for mobile phone handsets and other consumer electronic items proceeding to expand, the company has hugely significant growth potential for the coming several years, " said Hope.
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