Valentis Nanotech Ltd., a portfolio company of Trendlines Agtech, announced it has signed an MOU with one of Israel's leading agricultural thermoplastics applications companies.
Valentis's technology combines nanocrystalline cellulose (NCC), a biodegradable, transparent material made from plant pulp waste, with additional nanoparticles to produce highly improved polymeric films. Used as a coating for increased strength or as a barrier against UV rays, oxygen and moisture, these films can be used in a diverse range of applications.
The goal of the collaboration is to create improved products by integrating Valentis Nanotech's platform technology with market needs as defined by the thermoplastics company and the production methods in this industry.
Dov Segev, CEO of Valentis Nanotech: "Our first product is a special coating to be integrated in a polymeric laminate, which eliminates the use of aluminum foil in high barrier flexible packaging for foodstuffs to create improved packaging material with a smaller environmental footprint.
"This collaboration enables us to increase our product range, apply the technology in another industry and for a different market need, and add value to our partner's products."
Nitza Kardish, Ph.D., CEO of Trendlines Agtech, states: "The willingness of a major player in the thermoplastics industry to partner with Valentis Nanotech is a validation of their innovative technology and emphasizes the fact that the market is looking for new products and ways to enhance their range of products to keep on the competitive edge in their industry."