Light weighting steel alloy for the transportation industry
The Company is an advanced materials company specializing in the design and commercialization of patented steels with exceptional mechanical properties derived from their nano-scale microstructure. The Company’s primary focus is proprietary alloys for use as sheet steel in automotive and railcar light-weighting applications to improve efficiency and increase revenue generating payload capacity while maintaining strict safety standards.
The Company was founded in 2002 to commercialize patented steel alloys developed through research at the U.S. Department of Energy's Idaho National Laboratory (INL) and has created an extensive portfolio of over 325 patents filed and/or granted worldwide. The Company succeeded in producing its commercial scale product with its initial steel producing partners and has begun delivering material to railcar companies for full-scale retrofit & new vehicles production, and automakers for qualification testing. The Company is supported through venture funding including its strategic investors (automotive OEM, automotive tier one).
SPDG has invested early 2017, for the following reasons: the quality of the management, the distinctiveness of the alloys which can drive significant impact over trnasporation industry at large (up to 30% weight reduction of vehicles) and the licensing business model which makes it capex light and generates a recurring streams of revenues. The Company is raising its last round of capital and SPDG is looking for like minded family office to join the round.
SPDG is a single family office representing the Périer-D'Ieteren branch. It co-controls the D’Ieteren Group, together with the other D'Ieteren family members. Since 1805, the Group has developed strong brands mainly in the automotive industry: D'Ieteren Auto, the leading importer of Volkswagen brands in Belgium, and Belron, the global leader in vehicle glass repair and replacement. Next to its role as a major shareholder of D'Ieteren, SPDG has developed its investing activities to drive innovation and generate lasting impact in road mobility & smart cities.