Cellaris Ltd., the producer of the revolutionary ceramic foam Lite-Cell has raised $2.5 million from Docor International BV subsidiary of the Van Leer Group Foundation.Business Editors MISGAV, Israel--(BUSINESS WIRE)--June 10, 2004 Cellaris Ltd., the producer of the revolutionary ceramic foam Ceramic foam is a tough, plastic-like foam made from ceramics. It is similar to Kevlar.The foam is made of aluminum oxide, a common high-temperature ceramic, but gets its extraordinary insulating powers from the many tiny air bubbles within the material. Lite-Cell has raised $2.5 million. The leading investor has been Docor International B.V., a subsidiary of the Van Leer Van Leer is a German surname. The Van Leer family history begins in the Prätigau mountain area near the village of Fideris in what is now the canton of the Grisons. Surname
Lite-Cell is a non-fibrous, highly-porous, ultra-light ceramic for temperatures up to 1800 degrees C (3250 degrees F). Lite-cell is produced using a unique, patented technology. The groundbreaking technology of Cellaris provides the next-generation platform of high-temperature applications, including furnace insulation, kiln furniture, burner A drive that writes write-once optical discs such as CD-Rs and DVD-Rs. A "burner" implies a one-time recording, but the term is erroneously used to refer to drives that "write" to re-recordable CD-RW and DVD-RW/+RW media as well. See burn, CD-R and DVD-R. blocks, fuel cells and aviation insulation. Other potential industrial uses include catalytic processes, filtration media and coatings. Cellaris CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Dan Michaeli explained that "Cellaris Lite-Cell is usable in high temperatures and versatile environment such as reducing atmospheres. Lite-Cell provides furnace users economical advantages and quality improvements. Lite-Cell is a fiber free product and therefore could also substitute the problematic fiber based ceramics. Leading furnace manufacturers and furnace users, particularly for technical ceramic producers, have been successfully testing Lite-Cell." Dan Michaeli added that "in order to accelerate development of new applications Cellaris may decide to entertain additional investment proposals and will explore possibilities of strategic cooperation with market players." Dr. Dumanis, Docor's CEO, Brigadier General and former head of the IAF (Internet Application Framework) A suite of software development technologies from Ross Systems, Inc., Atlanta, GA (www.rossinc.com) that is the backbone of its iRenaissance Suite. Meta-data driven, IAF comprises a . Materiel ma·te·ri·el or ma·té·ri·el n. The equipment, apparatus, and supplies of a military force or other organization. See Synonyms at equipment. Command who holds a PhD degree in Aerospace Engineering from Purdue University Purdue University (pərdy  `, -d`), main campus at West Lafayette, Ind. and has received the University "Outstanding
Aerospace Engineer of 2001 Award," indicated that Cellaris
represents "an exciting business opportunity for Docor, combining
technological breakthrough, market needs and an experienced management
team."
Cellaris was founded by Prof. Grader, a world-renowned specialist in ceramic materials and foams, at the Technion - Israel Institute of Technology. Prof. Grader acts as the Company CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. . Cellaris has recently commissioned a commercial-scale production plant and started its production. The production facility enjoys an Approved Enterprise status that entitles it to significant tax benefits. Cellaris is receiving additional funding from the Israel Chief Scientist. |
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