Ovation Polymers
Specialty engineered plastic compounder.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
$1.0m | Series B | ||
| Total Funding | 000k | ||
Ovation Polymers (OPTEM), a specialty engineered plastic compounder, was established in 2004 and headquartered in Medina, Ohio. The company focused on developing and manufacturing custom-engineered specialty and high-performance polymers for clients with demanding applications. As of May 16, 2025, the company has ceased operations, with its assets, including a strong intellectual property portfolio of 15 granted patents, being made available through auction.
The company's business model revolved around two primary services: toll compounding and custom compounding. Through its toll compounding service, Ovation Polymers manufactured advanced polymer materials based on client-provided formulations and parameters. The custom compounding service offered a more integrated partnership, where the company's team would develop a unique polymer formulation from the ground up to meet specific performance needs. This enabled the production of materials in virtually any lot size, serving industries such as electronics, automotive, and industrial sectors. The company operated from an 80,000-square-foot facility, comprising a 55,000-square-foot production floor and a 25,000-square-foot warehouse, and was ISO 9001:2015 certified.
Ovation Polymers developed a portfolio of proprietary product lines designed for critical performance characteristics. Key offerings included OpteSTAT™, a line of patented, carbon-nanotube-based electrically conductive compounds for electrostatic discharge (ESD) safe applications in the electronics and semiconductor industries. The Nemcon™ H line consisted of melt-processable, thermally conductive polymers, positioned as a lightweight alternative to aluminum for heat sinks in LED lighting. Other product families were UTTAP™, a range of high-performance composites, alloys, and blends; Rigitron™, composed of filled and reinforced polyester and polycarbonate composites for high impact resistance; and Arcticon™, a line of custom-engineered performance masterbatches based on proprietary dispersion technology.
Keywords: specialty polymer compounding, custom compounding, toll compounding, performance polymers, engineered plastics, thermoplastic compounds, electrostatic discharge (ESD), thermally conductive polymers, polymer R&D, advanced materials, polymer alloys, OpteSTAT, Nemcon, Medina Ohio, plastics compounder, high performance composites, carbon nanotube composites, reactive extrusion, masterbatches, polymer formulation