Other partners and sponsors include Prince Albert II of Monaco's Foundation, Covington & Burling, Cranfield University, Parkview, PR Newswire, Deloitte, Gillamor Stephens, Enereau, the Monte-Carlo SBM, The Monaco Economic Board, International University of Monaco and the Oceanographic Museum of Monaco.
Flash Bainite has been identified by CleanEquity Monaco's expert panel as one of the world's most innovative cleantech companies. It was selected for presentation to senior financial and strategic cleantech investors, policy makers, legislators, end users and media at the event.
Flash® Bainite is an evolutionary steel that is just now becoming commercially available in limited quantities. Developed by a non-traditional research company near Detroit, Michigan, the innovative heat-treating process transforms inexpensive mild steel into high-value Advanced High Strength Steel (AHSS) in less than 10 seconds. Raw steel is rapidly heated above 1000°C and then cooled to room temperature a few seconds later. Known as Flash® Processing, this globally patented variant of heat-and-quench is the only known method for producing steels that combine extreme strength (1500 to 2100MPa), form-ability, and weldability with notable cost savings. The process delivers steel that is stronger than titanium to make components lighter than aluminum. Flash® is ideally suited for fabrication of automotive structural parts and many other products requiring a combination of extremely high strength, ductility, weldability and controlled cost.
Flash® Processing is a disruptive technology because it fundamentally changes the supply chain for AHSS. Instead of creating AHSS at a steel mill, Flash® Bainite is produced in a distributed manner at mid-sized facilities. The Flash® Bainite team intends to deploy the technology world-wide by licensing to companies already in the market sector. Steel service centers and component manufacturers are ideal candidates because the equipment costs $1M to $5M instead of the hundreds of millions to build and operate specialty steel mills.
About Innovator Capital
Innovator Capital is a specialist investment bank advising emerging technology companies from around the world. Established in 2003, Innovator focuses on the provision of expert strategic and capital markets advice, transaction arranging and M&A services for private and public companies.
SOURCE Innovator Capital