CHASM Advanced Materials, Inc. Market Research Report

Background

Company Overview

CHASM Advanced Materials, Inc. is a pioneering developer and manufacturer of advanced carbon nanomaterials, specializing in carbon nanotube (CNT) technologies. Established in 2015, the company is headquartered in Canton, Massachusetts, with a manufacturing facility and R&D center in Norman, Oklahoma. CHASM's mission is to leverage its innovative product platforms to create a safer, more connected, and sustainable world.

Mission and Vision

CHASM's mission is to develop and manufacture advanced carbon nanomaterials, leveraging its innovative product platforms to create a safer, more connected, and sustainable world. The company's vision is to transform the world with unrivaled intellectual property and CNT technology, impacting performance, cost, and sustainability for global solutions.

Primary Area of Focus and Industry Significance

CHASM focuses on the development and integration of CNTs into various applications, including transparent conductive films, battery materials, and cement additives. The company's innovations have significant implications across multiple industries, such as electronics, automotive, construction, and energy storage, contributing to advancements in performance, cost reduction, and sustainability.

Key Strategic Focus

Core Objectives

• Accelerate the commercialization of CNT-based products across diverse industries.

• Enhance product performance and sustainability through innovative CNT applications.

• Expand global market presence by establishing strategic partnerships and licensing agreements.

Specific Areas of Specialization

• Transparent Conductive Films: Development of AgeNT® films for applications in touch screens, displays, and solar panels.

• Battery Materials: Production of NTeC® conductive additives for electric vehicle (EV) batteries, aiming to improve performance and reduce costs.

• Cement Additives: Introduction of NTeC®-C additives to enhance concrete strength and sustainability, contributing to greener construction practices.

Key Technologies Utilized

• CoMoCAT™ Technology: A proprietary catalyst technology licensed from the University of Oklahoma, enabling the production of high-quality CNTs at large scale and low cost.

• Nanotube Hybrid Integration: Combining CNTs with other materials to create advanced composites that offer superior performance and scalability.

Primary Markets Targeted

• Electronics: Touch screens, displays, and solar panels.

• Automotive: Electric vehicle batteries and transparent heaters for advanced driver assistance systems (ADAS).

• Construction: Cement and concrete applications for infrastructure projects.

• Energy Storage: Batteries for various applications, including consumer electronics and electric vehicles.

Financials and Funding

Funding History

CHASM has raised a total of $47.48 million over multiple funding rounds.

Recent Funding Rounds

• Series C Funding (August 2021): Raised $15 million, led by WAVE Equity Partners, with participation from Birla Carbon and Schweitzer-Mauduit International. The funds were allocated to accelerate the commercialization of AgeNT™ products, NTeC™ products, and the launch of CHASM-H2O™ membranes.

Notable Investors

• WAVE Equity Partners: A Boston-based private equity firm investing in clean energy, food, water, and materials companies with proven transformational technologies.

• Birla Carbon: A leading global manufacturer and supplier of carbon solutions.

• Schweitzer-Mauduit International (SWM International): A global performance materials company.

Utilization of Capital

The capital raised is being utilized to:

• Accelerate the commercialization of AgeNT™ products for transparent printed electronics.

• Expand NTeC™ products for energy storage and composite applications.

• Launch CHASM-H2O™ membranes targeting water treatment solutions.

Pipeline Development

Key Pipeline Candidates

• AgeNT® Films: Transparent conductive films for touch screens, displays, and solar panels.

• NTeC® Conductive Additives: Enhancers for EV batteries and cement applications.

• CHASM-H2O™ Membranes: Advanced membranes for water purification and desalination.

Stages of Development

• AgeNT® Films: Commercialized and in production.

• NTeC® Conductive Additives: In advanced stages of commercialization, with partnerships established for large-scale production.

• CHASM-H2O™ Membranes: In development, with ongoing research and pilot projects.

Target Conditions

• AgeNT® Films: Applications requiring transparent conductivity, such as touch screens and solar panels.

• NTeC® Conductive Additives: Enhancement of battery performance and concrete strength.

• CHASM-H2O™ Membranes: Water purification and desalination processes.

Anticipated Milestones

• AgeNT® Films: Expansion into new markets and applications.

• NTeC® Conductive Additives: Scaling up production and establishing additional partnerships.

• CHASM-H2O™ Membranes: Completion of pilot projects and initiation of commercial production.

Technological Platform and Innovation

Proprietary Technologies

• CoMoCAT™ Catalyst Technology: Enables the production of high-quality CNTs at large scale and low cost.

• Nanotube Hybrid Integration: Combines CNTs with other materials to create advanced composites with superior performance.

Significant Scientific Methods

• Dry Dispersion Process: Integrates CNTs into cement without impacting workability, enhancing concrete strength and durability.

• Nanotube Ink Formulation: Develops inks for printing conductive films, enabling flexible and transparent electronics.

Leadership Team

Executive Profiles

• David Arthur: Chief Executive Officer and Co-founder. David has over 20 years of experience in nanotechnology and advanced materials, leading CHASM since its inception.

• Bob Praino: Chief Innovation Officer and Co-founder. Bob brings extensive expertise in materials science and has been instrumental in developing CHASM's product platforms.

• Ricardo Silvy: Chief Technology Officer. Ricardo oversees CHASM's technological advancements and R&D initiatives.

• Mark Lunsford: Vice President, Global Sales. Mark leads CHASM's global sales strategy and customer engagement efforts.

• Richard Jansen: Vice President, Sales and Marketing. Richard manages CHASM's marketing strategies and sales operations.

• Hari Harikumar: Vice President and General Manager, Advanced Carbon and Membranes. Hari oversees CHASM's advanced carbon and membrane product lines.

Competitor Profile

Market Insights and Dynamics

The advanced materials industry, particularly in the realm of nanotechnology and CNT applications, is experiencing significant growth. Key drivers include the demand for sustainable materials, advancements in electronics, and the need for efficient energy storage solutions. The market is characterized by rapid innovation and the emergence of new applications across various sectors.

Competitor Analysis

• Advano: Develops silicon lithium-ion batteries, focusing on enhancing battery performance.

• Xtalic: Provides nanostructured materials primarily to consumer electronics and automotive industries.

• AlphaTek Materials: Offers advanced materials, performance coatings, and composite applications.

• Curran Biotech: Manufactures nanocoatings for various applications.

Strategic Collaborations and Partnerships

• Birla Carbon: Entered a joint development agreement with CHASM to develop nanotube-enhanced carbons for various applications, including high-performance tires and next-generation batteries.

• Mativ Holdings: Licensed CHASM's AgeNT® Express transparent conductive film for heated glass solutions, expanding CHASM's reach in the glazing market.

Operational Insights

CHASM's strategic focus on CNT technology and its integration into diverse applications positions it as a leader in the advanced materials sector. The company's collaborations with key industry players further strengthen its market presence and innovation capabilities.