Nanogate SE Expanding Into Smart Surfaces Market and Acquires Stake in TactoTek Inc.15.02.18
- Focus on new design worlds and operating concepts
- Integration of plastics and electronics know-how
- Stake in TactoTek accelerates market entry
Göttelborn, Germany, February 15, 2018. Nanogate SE, a leading global specialist for design-oriented high-tech surfaces and components, is opening up the future market for smart surfaces. The Group is using its broad technology portfolio and will in future also integrate electronics expertise in innovative plastic surfaces. This allows Nanogate to offer companies opportunities for revolutionary design and operating concepts. Nanogate is already expecting initial projects for Integrated Smart Surfaces in 2018. As part of opening up new markets, Nanogate also agreed on extensive cooperation with the Finnish technology startup TactoTekTM Inc. and has invested in the company.
Ralf Zastrau, CEO Nanogate SE: “Nanogate would like to help shape the coming revolution in the market for surfaces. The integration of electronic functions into product surfaces, together with multifunctional properties, will allow completely new design and operating concepts for devices of all kinds in the future. The design of interfaces between human and machine will be one of the mega-trends in product development in the coming years. Our most recent acquisition in Austria also means that we already have far-reaching electronics and surfaces know-how from design development through to production of the surfaces and components. In order to accelerate its market entry, Nanogate is also investing in Finnish start-up TactoTek, a leading specialist for Injection Molded Structural Electronics. As part of our cooperation, we can tap faster the billion-dollar market developing in medium term and pool capacities.”
Smart Surfaces Mega-Trend
Interactive buttons transform Smart Surfaces into a new user experience with a revolutionary design. Here, electronics, multifunctionality and high-quality design are combined into high-performance surfaces. This allows the development of entirely new kinds of operating concepts for devices of all types. Another advantage is that the corresponding components can be designed differently i.e. produced to be more efficient, smaller and more lightweight. New designs for buttons are in demand in particular in the target markets of automotive, aerospace, home appliances and consumer electronics. New solutions in the area of structural electronics and multifunctionality are currently one of the most important drivers in product development. Experts estimate that the market volume will increase to around USD 80 billion by 2027.
Major Interest Among Well-Known Corporate Groups
Nanogate anticipates that initial projects in the area of Integrated Smart Surfaces can already start in the coming months. In these projects the Group will use its comprehensive and long-standing know-how in developing and producing multifunctional high-performance surfaces for plastic components in the highest optical quality. Particularly its knowledge around new materials, integration of innovative functions and efficient manufacture are decisive competitive advantages in Integrated Smart Surfaces. Nanogate is a long-term innovation partner for international groups in surfaces systems.
Cooperation With TactoTek Started
Finnish growth company TactoTek, established in 2011, is a leading provider in the area of Injection Molded Structural Electronics (3D) and is specialized in the integration of printed circuits and electronic components in injection molding plastics. Nanogate is acquiring a stake of around 4.5 % in TactoTek Inc. for a low single-digit million amount and is signing an extensive cooperation agreement.
“TactoTek is a good partner to join in opening up the lucrative market for Smart Surfaces even faster. Both design and development know-how and capacities will be shared as part of the comprehensive collaboration. Nanogate should also be directly involved in setting up production processes for current projects. We are already seeing a high level of interest in solutions for new interactive surfaces that integrate design, function and electronics”, continues Nanogate CEO Zastrau.
“With its integrated expertise in high-performance materials, multifunctional surface enhancement in optical quality and leading plastics technologies, Nanogate is the ideal partner for TactoTek. We are convinced that we can quickly tap into the coming billion-dollar market and implement initial projects in a timely manner,” says Jussi Harvela, CEO TactoTek Inc.