|
Keronite technology was transferred from Russia to the UK in 1998 when a new company was set up in the Isle of Man and the intellectual property relating to Plasma Electrolytic Oxidation (PEO) technology assigned to it. A local technology incubator company, now Flintstone Technology plc, funded the further development of the process, ensuring that it could be scaled up successfully and become cost effective on a commercial basis.
Keronite Group Ltd (formerly Keronite Ltd) was incorporated in March 2000 as a limited company in England and Wales (company number 5564452). Following a successful fundraising, the company established its international headquarters at Granta Park, Cambridge, UK from where it still operates today. |
|
The company remains privately funded with a well-balanced short register which includes Azini Capital, Hotbed business angels, Bank of Scotland Equity Growth, RAB Capital Quester, Fidelity, New Star, R M Walkden & Co Ltd, R K Harrison, Hawk Investment Holdings and KBC Peel Hunt as well as many individual shareholders and the board. |
| As a new technology company, Keronite has experienced losses to date but anticipates moving into profit in 2007. The company will continue to invest in further research and technical development and in the marketing of the Keronite technology on an international basis. The August 2006 private placing provides a sound financial basis to underpin the company's ambitious growth plans. |
|
| Today the company employs around 30 people across Europe, North America and Asia, and has a growing network of experienced partners and strategically-located production facilities. and strategically-located
production facilities. |
|
