ARMOR Group creates smart films subsidiary
February 20, 2024
Earlier this month, ARMOR Group announced it has created a new subsidiary which has been developed ‘under wraps’ these last few years, ARMOR SMART FILMS.
This new business, which already has its own dedicated team, can take advantage of existing speciality coating and screen-printing equipment, whilst planning to invest in new resources over the coming years.
A “smart” material is a material designed to be sensitive, tailorable, and scalable. The ramping up of the development of this technology, which appeared in the 1980s, has only just begun, thanks to advances in applications related to the Internet of Things (IoT) and human/machine interfaces, as well as the availability of new materials.
“The smart materials market can expect a CAGR growth rate of 7.1% over the 2023-2030 period, with a projected market size of 115.4 billion dollars by 20301. ARMOR SMART FILMS is an emerging business, but one that is perfectly tailored to our specialized know-how in coating fine layers onto thin film. We believe it has great potential. We expect to record turnover of around €50M within 5 to 10 years, and create dozens of jobs in the process,” stated Hubert de Boisredon, ARMOR GROUP Chairman and CEO.
The outlook for industrial and business development is highly-promising, with applications linked to motion detectors, transducers, membranes for energy storage and production, desalination, capturing carbon and producing hydrogen using electrolysis.
“The smart films that we are co-creating with our customers can be found everywhere, in motion detectors, soles of footwear and even hydrogen power plants. There’s no limit to what’s possible.” added Pierre Guichard, Head of R&D, Industrial Operations.
To support these state-of-the-art innovations, ARMOR SMART FILMS delivers three levels of complementary services: R&D, prototyping and large-scale production. As well as drawing on ARMOR GROUP’s historic roll-to-roll coating know-how, the industrial company also leverages its sheet-to-sheet printing and processes, through flat or rotary screen-printing.
“What inspires us with this new business is to forge strong partnerships with our customers by providing them with our formulation and coating know-how for their projects and their innovations” stated Christophe Derennes, Industrial Director of ARMOR SMART FILMS.
Categories : Around the Industry
