WPX Faserkeramik Raises Seed Financing from High-Tech Gründerfonds
The amount of the deal was not disclosed.
The company is a spin-off of the Institute of Materials Research of the German Aerospace Center (DLR). The istitute has developed the high performance ceramics fiber composite material Whipox® for heat shields and combustion turbine parts, which have to withstand highest mechanical, thermal, and chemical strains.
Led by Dr. Mathias Kunz, CEO, and Bernhard Kanka, CTO, WPX Faserkeramik holds exclusive licenses for WHIPOX and develops products for high temperature applications, in particular for the industrial heat treatment of metals and for high temperature components in the exhaust gas systems of engines and combustion turbines.