Pelitex
Pelitex is a product development and technology licensing firm.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
$350k | Convertible | ||
| Total Funding | 000k | ||
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Pelitex Inc., established in 2015, operates as a product development and technology licensing firm centered on advanced materials science. The company was co-founded by Mathew Maye, Jeff Karker, and Joe Dickson, who also serves as the CEO. Headquartered in Syracuse, New York, Pelitex is commercializing a novel class of nano-scale alloys, specifically a platform technology named Nanogradient™. This technology produces materials with enhanced magnetic, electrical, thermal, mechanical, and anti-corrosive properties.
The core of Pelitex's business is the licensing of its intellectual property and the development of products based on the Nanogradient™ material. This material is engineered to function like stainless steel at the nanoparticle level, offering significant resistance to oxidation and corrosion, which allows its properties to be maintained in harsh environments like high or low pH and salty water. The business model appears to be a combination of direct product sales and technology licensing to partners in various industries. Initial target markets include life sciences, in-vitro diagnostics, and liquid biopsy, with broader applications in RF/microwave components, ferro-fluids, magnetic inks, and corrosion coatings.
The company's first product application is a nano-sized magnetic bead for the life sciences market, designed to improve the speed and accuracy of diagnostic tests, particularly for cancer detection. These beads aim to disrupt a market traditionally reliant on iron-oxide particles by offering superior magnetic performance and stability. Pelitex has received seed funding from investors including Breakout Labs, Launch NY, and CenterState CEO to scale production, conduct beta-testing, and facilitate strategic partnerships for manufacturing.
Keywords: materials science, nanotechnology, nanoscale alloys, Nanogradient, magnetic nanoparticles, technology licensing, product development, corrosion resistance, advanced materials, life sciences, in-vitro diagnostics, liquid biopsy, magnetic beads, biotechnology sensors, Syracuse startup, Mathew Maye, Jeff Karker, Joe Dickson, Breakout Labs, Launch NY