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January 2019

Danfoss and Nelumbo, a Surface Modification Technology start-up, enter Strategic Partnership


Nelumbo and Danfoss have established a strategic partnership to deploy Nelumbo surface modification technology platform with Danfoss Microchannel heat exchanger business.

 

Danfoss Microchannel heat exchangers are all-aluminum, high efficiency products for use in air conditioning and refrigeration systems, with a 30 percent less refrigerant charge compared to other heat exchangers.

 

Nelumbo surface modification technology improves operational performance, corrosion resistance and frost mitigation in challenging environments. The strategic partnership will add significant differentiation in a competitive market.

 

The companies have been working together since 2017 and in 2018 Danfoss participated in Nelumbo’s Series A financing. Together the companies plan to develop and produce advanced, customized solutions for the HVAC market.

 

“The demand for this technology is growing, and we are excited about the potential,” says Lars Rasmussen, Vice President, Danfoss Cooling Heat Exchangers, and continues: ”with this strategic partnership we take the next step in bringing the technology to market, and ensure that we have all the necessary agreements in place to be able to expand the collaboration with Nelumbo.”

 

“Danfoss’ scale, customer access, and leading market knowledge combined with Nelumbo’s unique technology and expertise yields a mutually compelling new business and further demonstrates that our materials technology is a major differentiator,” said Liam Berryman, Nelumbo’s CEO. “Our business model is to develop strategic partnerships with leaders in markets of interest to us and we are delighted that our first one is with Danfoss.”

 

The partnership agreement was signed in a meeting on December 18, 2018, held at Danfoss’ Hamburg office in the presence of Jürgen Fischer, President, Danfoss Cooling; Liam Berryman, CEO, and Lance Brockway, CTO, Nelumbo; and Lars S. Rasmussen, Vice President, Danfoss Cooling Heat Exchangers.

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