The Tech Start-up “Va-Q-Tech” will be traded in on Friday for the first time in public. It was created as a spin-off of the University of Würzburg.
29. September 2016 05:40 PM
Würzburg.The würzburg Start-up company Va-Q-Tec dares to take the gear on the trading floor. On Friday, the shares of the company, which specialises in thermal insulation is traded for the first Time in Frankfurt. “This is a great recognition of a great honor – and, of course, a recognition of the technology,” says founder and CEO Joachim Kuhn.
In the case of the technology is a new type of vacuum insulation. Kuhn (52), and co-founder Roland Caps (60) developed at the time at the center for Applied energy research of Bavaria at the University of Würzburg. “And then we just had the feeling that the product is ready for the market,” says Kuhn. The two physicists could patent the technology and founded the Va-Q-Tec in 2001. A year later, the price received for the vacuum insulation of the Bavarian environment.
“ended The initial euphoria quickly in hard work,” says Kuhn. It is quite a few Changes to the business plan were necessary, in particular in the development of products that fit the market. The effort boxes resulted in three main products: vacuum insulation panels for building houses, energy storage, thermal energy absorb during Freezing or thawing, and thermal transport. The passively cooled boxes for use in the pharmaceutical and Biotech industry. According to the data of the Va-Q-Tec, you can keep up without a power supply, the temperature in the interior of up to 200 hours of constant.
With the money from the IPO of Va-Q wants to expand-Tec, in particular, the business sector, in the transport boxes to customers are rented. The company hopes to around 45 million euros of fresh capital. One-third of the shares in the company, the British financial investor Zouk Capital is holding so far. Va-Q-Tec employees at the end of June, 261 people and in the year 2015 and 22.5 million euros to 18.3 million in the previous year. The operating result (EBIT) in the year 2015 investment due to the negative at minus EUR 400 000. With the IPO, the number of listed companies increases in lower Franconia.
for More news from Franconia, you can find here.