TEMPE,
Arizona /PRNewswire/ -- SDCmaterials, Inc. ("SDC"), a
leader in high performance automotive catalyst materials, today
announced an investment round led by SAIC Technologies Fund I, LLC
("SAIC"), the venture capital investment arm of SAIC Motor
Corporation. SAIC Motor Corporation is the largest automotive
manufacturer in China,
having sold in excess of 5.6 million cars in 2014. In the context
of SDC's ongoing global commercialization, the investment round
will serve to further accelerate the company's current commercial
efforts in the Chinese market.
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"SDC's
break-through catalytic materials are enabling step-function
improvements in the performance efficiencies of the underlying
Platinum Group Metals that are key to emissions control. Using
SDC materials in the emission catalysts will allow us to
deliver the best automotive emissions control solutions available -
to the benefit of our in-house vehicle brands as well as the brands
of our current and future global partners," said Anish
Patel (Senior Investment
Director).
"SAIC is a great
partner for us," said SDCmaterials' CEO Maximilian
Biberger. "The company has vertically integrated
exhaust-system assets and is aggressively pursuing global growth
across a foundation of leadership products. We look forward to a
close collaboration."
Existing
investors, including General Motors Ventures, BASF Venture Capital,
Volvo Group Venture Capital, Invus Financial Advisors and Emerald
Technology Ventures, also participated in the investment round.
About SDCmaterials,
Inc.
SDCmaterials
develops and commercializes high value advanced catalyst materials
based on a novel materials fabrication and integration platform.
The company was founded in 2004 with its headquarters and R&D
center inTempe,
Arizona, USA and production facilities in Schwarzheide,
Germany.
CONTACT:
Maximilian
Biberger, CEO
SDCmaterials, Inc.
Tel: +1-480-966-6106 ext. 101
Email: [email protected]
About SAIC Motor
Limited
SAIC Motor is the
largest auto company on China's A-share
market. SAIC Motor's business covers the research, production
and vehicle sales of both passenger cars and commercial vehicles.
It also covers components including engines, gearboxes,
powertrains, chassis, interior and exterior and miscellaneous
electronic components, and logistics, vehicle telematics,
second-hand vehicle transactions and auto finance services. Details
at http://www.saicgroup.com/english/index.shtml
CONTACT:
Anish
Patel, Senior Investment Director
SAIC Capital
Tel: +1-650-391-2404
Email: [email protected]