DSM invests in wind propulsion company SkySails
(Thomson Reuters ONE) -
DSM Venturing, the corporate venturing unit of Royal DSM N.V., announces today
that it has made an investment in Germany-based SkySails GmbH & Co. KG
(SkySails), the market and technology leader for automated towing kite systems
for ships. The investment is fully in line with DSM's strategic commitment to
sustainability, innovation and partnerships, as outlined in the corporate
strategy DSM in motion: driving focused growth.
Financial details of the investment by DSM Venturing in SkySails will not be
disclosed. The investment is part of the current SkySails round of financing,
which was with a total volume of ? 15 million the highest CleanTech venturing
investment in Germany in 2010. This financing round has now been successfully
completed.
SkySails develops, produces and sells wind propulsion systems for the marine
industry which are based upon large automated towing kites. Depending on the
prevailing wind conditions, a ship's average annual fuel costs and emissions can
be reduced by 10 to 35% by using the SkySails-System. Under optimal wind
conditions, fuel consumption can temporarily be cut by up to 50%. The reduced
fuel consumption leads to significantly reduced costs and lower emissions to
safeguard the environment.
The venturing participation is a next step in the cooperation between the two
companies. To date DSM Dyneema, SkySails and rope manufacturer Gleistein have
been combining their expertise in a unique three party technology partnership
which focuses on the development of a special high performance rope, which
delivers the unique requirements for high strength, light weight and excellent
durability for wind propulsion systems. DSM's Dyneema®, the world's strongest
fiber(TM), is a key component in the SkySails Kite System.
Gerard de Reuver, President DSM Dyneema said: "We are very pleased to extend our
involvement with SkySails. With the development of its advanced kite based
system, the company succeeded in establishing itself as a leader in the
commercialization of wind propulsion solutions. I'm confident that the increased
cooperation between our companies will lead to the development of a range of
sustainable innovations around SkySails' core technology for various markets.'
Stephan Wrage, Managing Director of SkySails added: "DSM Venturing's investment
is another proof point of its belief in our activities. Both DSM and SkySails
are highly committed to sustainability. Their support will help us to make the
most of the potential of our technology for our customers."
The investment in SkySails brings DSM Venturing's portfolio of current, direct
investments to a total of 18.
DSM Venturing
DSM Venturing is an active investor in start-up companies that create innovative
solutions in Life Sciences and Materials Sciences. DSM Venturing's mission is to
explore emerging markets and technologies in order to support DSM's innovation
and growth strategy. Besides financial support, DSM Venturing supports the
start-up companies with DSM's knowledge, resources and networks in order to
establish mutual benefits and learning. To DSM, venturing is an integral part of
its open innovation approach, focused on teaming up with innovative players all
over the world. For more information about DSM Venturing seewww.dsm-
venturing.com.
About SkySails
The Hamburg-based company SkySails GmbH & Co. KG is the market and technology
leader for automated towing kite systems. Its internationally patented wind
propulsion system for cargo ships - the SkySails-System - can reduce the fuel
consumption of a cargo vessel by 10 to 35% on annual average, depending on the
prevailing wind conditions. The SkySails-System can be installed as an auxiliary
wind propulsion on virtually all existing and new build ships. According to the
UN body IMO (International Maritime Organisation) the SkySails technology has
the potential to save approx. 100 million tons of CO(2) per year - this
corresponds to ca. 11% of Germany's CO(2) emissions. For more information, visit
www.skysails.com.
DSM - the Life Sciences and Materials Sciences Company
Royal DSM N.V. creates solutions that nourish, protect and improve performance.
Its end markets include human and animal nutrition and health, personal care,
pharmaceuticals, automotive, coatings and paint, electrical and electronics,
life protection and housing. DSM manages its business with a focus on the triple
bottom line of economic performance, environmental quality and social
responsibility, which it pursues simultaneously and in parallel. DSM has annual
net sales of about ?8 billion and employs some 22,700 people worldwide. The
company is headquartered in the Netherlands, with locations on five continents.
DSM is listed on Euronext Amsterdam. More information: www.dsm.com.
For more information:
DSM Corporate Communications DSM Investor Relations
Herman Betten Hans Vossen
tel. +31 (0) 45 5782017 tel. +31 (0) 45 5782864
fax +31 (0) 45 5740680 fax +31 (0) 45 5782595
e-mail media.relations(at)dsm.com e-mail investor.relations(at)dsm.com
Press release-pdf:
http://hugin.info/130663/R/1481851/417117.pdf
Picture-jpg:
http://hugin.info/130663/R/1481851/417124.jpg
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Source: DSM N.V. via Thomson Reuters ONE
[HUG#1481851]
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Datum: 25.01.2011 - 08:16 Uhr
Sprache: Deutsch
News-ID 50701
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