LEUVEN, Belgium — October 13, 2016 — After preliminary development work, EconCore and Fynotej have entered into a license agreement for ThermHex honeycomb technology. The license focuses initially on honeycomb sandwich panels made of polypropylene thermoplastic material and the application field of automotive interiors.
EconCore’s licensees in Europe and Japan have already entered the automotive market with the honeycomb technology. Fynotej, a well-established nonwovens and industrial carpets manufacturer and a supplier to the automotive industry, based in Mexico, is the first North American licensee of EconCore focusing on automotive applications. By acquisition of the know-how and rights to the technology for continuous production of thermoplastic honeycomb panels, the company puts itself in a market leading position — the production of rigid panels integrated with in-line lamination of decorative and functional carpets allows for a unique efficiency of production of finished automotive interior elements.
“This license agreement is very much in-line with the market’s trends” – says Tomasz Czarnecki, COO of EconCore – “We have observed the shift of the European automotive and transportation industries from heavier and often moisture sensitive material solutions to much lighter polypropylene honeycomb panels and parts. With the new fuel economy and carbon-emission regulations of the American market, calling for weight savings and environmental care, we are confident that a similar change, which has already been started in America, will continue with high momentum. The cost efficiency of EconCore’s process and the high performance of the honeycomb product should be the key ingredients ensuring dynamic developments.”
Posted October 14, 2016