User:Cptccptc/Revolymer

Revolymer is a company specialising in making novel polymer architectures for a broad range of commodity products. Their first commercial product is a chewing gum which is both easily removable from pavements, fabrics, clothes etc and which will degrade in water to make a fine particulate, The same technology has been use in developing controlled release chewing gums, cosmetics, adhesives and coatings. The company was founded in 2004 by Roger Pettman with Terence Cosgrove and Lieven De Smedt based on the technology developed by Professor Terence Cosgrove at The University of Bristol. After winning a New Enterprise Competition in 2005, Revolymer® secured an initial seed funding of £750,000 from IPGroup plc and SULIS Seedcorn investment.The Company also applied for and was successful in obtaining a grant from the South West Regional Development Association (SWRDA) which helped fund the development of the removable gum. In 2006 the Company established a Research and Development facility in Mostyn, Wales aided by a grant from the Welsh Assembly. In 2007, The Company raised £2m from IPGroup plc and Swarraton Partners and progressed to make the first prototype removable gum products. In 2008, the Company completed a £10m fund raising with new investors including Naxos Capital Management, Tudor and Sloane Robinson plus others, and follow on investment from existing shareholders, Swarraton Partners and IPGroup plc. Today, the Company employs 30 people and has expanded its operations to commercialise its technology.