WPX Faserkeramik

In December 2014, Constantia New Business GmbH, a subsidiary of Constantia Industrie AG (CIAG), signed an equity participation agreement with WPX Faserkeramik GmbH for a seven-figure round of A Series funding. The corporate investor from Vienna serves as a strategic partner in support of young technology companies. The investment places it alongside DLR and HTGF as the third institutional shareholder in the company. "By gaining CIAG as a corporate investor, WPX can now position itself as a qu

The European market volume for industrial heat treatment of metals exceeds EUR 25 bn annually. Conventional kiln furniture for industrial furnaces is typically made of metals or ceramics. This causes significant costs due to energy inefficiency, equipment downtime and wearout, and deficient products. Both metals and ceramics waste a significant share of thermal output due to their heat capacity. Furthermore, metals show strong corrosion and warping at temperatures above 750 °C (1380 °F), an