Bio-On S.p.A., an Italian Intellectual Property Company, active in the high-quality bioplastic sector, creates ELOXEL SpA, of which Bio-on and Kartell each hold the 50% shares. ELOXEL is created to exploit the patents destined to revolutionize the world of electronics through the use of bioplastics. The creation of ELOXEL is aimed to help designers to create sustainable products and revolutionary applications.
Development of new electronic products in the near future will be based more and more on eco-sustainable organic materials such as bioplastic that will offer extremely innovative solutions. During the past two years, Bio-on laboratories have been engaged in research in this new field and during this year the first world-wide patents were granted based on bioplastic, natural and 100% biodegradable, in the field of new batteries and full green piezoelectric materials.
Marco Astorri, President and CEO of Bio-on, said, “The investment announced today represents to us the launch of a new project and we are particularly proud that a prestigious brand like Kartell, through Claudio Luti, invests once again in an innovation plan and in the enormous potential of the technologies developed by Bio-on in the field of organic electronics. Smartphones, watches, televisions, computers, wellness systems and other products have long been part of our bioplastic development plans, which every day proved to be used in various industrial sectors to create eco-sustainable products.
Claudio Luti, President of Kartell, commented, “I believed in the new company that Marco Astorri and his team of scientists presented to me choosing to invest in this project in order to contribute to a growth process that looks at sustainability and at the protection of environment and people’s health “.