LeMond Composites Signs Exclusive Licensing Agreement to Revolutionize Carbon Fiber Production
Partnership will scale up low-cost carbon fiber production faster to meet demand and expand into new markets
June 26, 2017
Oak Ridge, Tenn.—LeMond Composites has entered into a global, exclusive 20-year licensing agreement with Deakin University in Australia to commercialize their patent pending manufacturing process to increase production of high performance, low-cost carbon fiber. The licensed process will enable LeMond Composites to commercialize carbon fiber production faster than anyone else currently in the marketplace. This means LeMond will deliver more of its low-cost carbon fiber, faster to industries that benefit from using lighter, stronger materials, like those addressing global energy and transportation challenges.
“Deakin University’s process oxidizes carbon fiber faster, with lower capital and energy costs and greater output of carbon fiber over a shorter period,” says Nicolas Wegener, COO of LeMond, who negotiated the $44 million dollar deal. “The process requires 75 percent less energy and also reduces the amount of process equipment by 75 percent. These factors make the production of low-cost carbon fiber scalable at a velocity that can keep up with the market demand.”
“The ability to scale production, along with our low-cost carbon fiber is what will allow LeMond Composites to deliver this material to the masses,” says Greg LeMond, three-time Tour de France champion and CEO/Founder of LeMond Composites. “Deakin University’s manufacturing process will make it possible to localize manufacturing and make carbon fiber technology more accessible to a wider range of industries like transportation, renewable energy and infrastructure or any industry that benefits from using lighter, stronger, safer materials.”
Deakin University Vice-Chancellor and President Professor Jane den Hollander said the new technology, developed by its carbon fiber research center, Carbon Nexus, was a game changer for the future of manufacturing
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