Aon's Intellectual Property (IP) Solutions team combined its
proprietary IP valuation tools and a collateral protection
insurance policy to help create an IP-collateralized debt structure
that allowed CHASM to raise additional funds.
CANTON,
Mass., April 6, 2022 /PRNewswire-PRWeb/ --
Massachusetts-based advanced
materials company CHASM Advanced Materials, Inc.(CHASM™) and Aon
plc (NYSE: AON), a leading global professional services firm, have
finalized a $25 million intellectual
property-based funding arrangement. Aon's Intellectual Property
(IP) Solutions team combined its proprietary IP valuation tools and
a collateral protection insurance policy to help create an
IP-collateralized debt structure that allowed CHASM to raise
additional funds.
CHASM Advanced Materials is the inventor and manufacturer of
nanotube hybrids– a new class of advanced material used by global
manufacturers of commercial and industrial products to dramatically
improve device technology, transportation, infrastructure,
healthcare and natural resources.
"This injection of growth capital for CHASM comes at a critical
time in our company history," said CHASM's CEO and co-founder
David Arthur. "With these funds, we
will execute the further expansion of our printed electronics,
advanced carbons and advanced membranes businesses. We are
delighted to work with Aon as we enter this next phase of our
company's trajectory."
AgeNT™ transparent heater films are being integrated into
headlights, windows and grille areas of transportation vehicles to
uniformly and quickly heat up these surfaces for defogging and
de-icing. Transparent heaters are especially important for advanced
driver assistance systems (ADAS) to work properly during inclement
weather. NTeC™ conductive and reinforcing additives enable
faster-charging batteries and also help address a global
environmental issue by decarbonizing concrete. CHASM-H2O™ membranes
are being developed to make reverse osmosis (RO) systems for water
purification and desalination dramatically more efficient and
affordable for people, industry and agriculture.
"Intellectual property is a bedrock of our economy. Working with
IP-rich companies, such as CHASM, to leverage their IP to access
growth capital is truly defining IP as an important and emerging
asset class," said Lewis Lee, CEO of
Aon's Intellectual Property Solutions. "The ability to access
capital based on the true value of an organization's IP portfolio
can open a vast number of doors for companies of all stages and
industries."
"Aon is excited to collaborate with CHASM and their talented
management team as they expand the delivery of their IP-driven
product sets to the market," said Randy
Sidhu, senior managing director, IP Lending at Aon.
Aon was recently named to Fast Company's Most Innovative
Companies list for its ground-breaking IP solutions. IP and
intangible assets now represent 90 percent of the value of Fortune
500 companies, but IP value is not widely understood in capital
markets. Aon is working with companies like CHASM to help them seek
access to minimally dilutive growth capital by valuing intangible
assets and structuring capital solutions that leverage such
value.
About CHASM
CHASM Advanced Materials, Inc. is the inventor and manufacturer
of nanotube hybrids – a new category of advanced materials that
make the world a safer, more connected and sustainable place. For
more information, visit http://www.chasmtek.com, or follow us on
Twitter, LinkedIn, Facebook, WeChat or Instagram.
Media Contact
Leanne Hersey, Director of
Marketing
lhersey@chasmtek.com
+1 781 989 1401
Investor Contact
David Rainey, Chief Financial
Officer
drainey@chasmtek.com
+1 781 989 1411
About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to
protect and enrich the lives of people around the world. Our
colleagues provide our clients in over 120 countries with advice
and solutions that give them the clarity and confidence to make
better decisions to protect and grow their business. Follow Aon on
Twitter or LinkedIn. Stay up-to-date by visiting the Aon Newsroom
and sign up for News Alerts here.
Media Contact
Nadine Youssef
mediainquiries@aon.com
+1 312 381 3024
Safe Harbor Statement
This communication contains certain statements related to future
results, or states Aon's intentions, beliefs and expectations or
predictions for the future which are forward-looking statements as
that term is defined in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from either historical or anticipated results
depending on a variety of factors. These forward-looking statements
include information about possible or assumed future performance
and results of Aon's operations. All statements other than
statements of historical facts that address activities, events or
developments that Aon expects or anticipates may occur in the
future, including such things as its outlook, business strategies,
competitive strengths, goals, the benefits of new initiatives,
growth of its business and operations, plans, references to future
successes, are forward-looking statements. Also, when Aon uses the
words such as "anticipate", "believe", "estimate", "expect",
"intend", "plan", "probably", "potential", "looking forward", or
similar expressions, it is making forward-looking statements.
Any or all of Aon's forward-looking statements may turn out to
be inaccurate, and there are no guarantees about Aon's performance.
Aon and its subsidiaries operate in a dynamic business environment
in which new risks may emerge frequently. Accordingly, you should
not place undue reliance on forward-looking statements, which speak
only as of the dates on which they are made. In addition, results
for the year ended December 31, 2020,
and the quarters ended March 31 and
June 30, 2021, are not necessarily
indicative of results that may be expected for any future period,
particularly in light of the continuing effects of the COVID-19
pandemic. Further information concerning Aon and its businesses,
including factors that potentially could materially affect Aon's
financial results, is contained in Aon's filings with the
Securities and Exchange Commission (the "SEC"). See Aon's Annual Report on Form 10-K for the
year ended December 31, 2020 and its
Quarterly Reports on Form 10-Q for the quarters ended March 31 and June 30,
2021, for a further discussion of these and other risks and
uncertainties applicable to Aon and its businesses. These factors
may be revised or supplemented in subsequent reports filed with the
SEC. Aon is not under, and expressly disclaims, any obligation to
update or alter any forward-looking statement that it may make from
time to time, whether as a result of new information, future events
or otherwise. Aon is not responsible for information contained in
this communication relating to CHASM, including statements
regarding its operations, products or services.
Media Contact
Leanne Hersey, CHASM Advanced
Materials, +1 781 989 1401, lhersey@chasmtek.com
SOURCE CHASM Advanced Materials