SLIPS Technologies Expands Commercial Deployment after Successful 2015 Product Rollouts

CAMBRIDGE, Mass.–(BUSINESS WIRE)–SLIPS Technologies, Inc., manufacturer of the SLIPS™ family of
fully-slippery materials and coatings that repel virtually all fluids
and biological fouling agents, concluded its first year of operations
with alpha products deployed to solve sticky surface problems in
industrial, medical, and consumer applications.

SLIPS™ films are currently installed on glass in a Manhattan skyscraper
to help prevent ice build-up, a well-known hazard for pedestrians below.
SLIPS™ coatings are being field tested to alleviate marine fouling
attachment on ships – a costly sticky problem that causes extra drag and
wastes $20 billion in fuel annually. Clinicians at a major teaching
hospital in Boston are using SLIPS™-coated scopes to prevent blood and
mucus buildup thus maintaining clear vision inside patient
bodies. Medical device companies are evaluating SLIPS™ for use in
catheters and stents as a way to prevent bacterial adhesion and other
biological fouling. One of the world’s largest consumer products
companies is using SLIPS™ to improve the functionality of a global
product line. Industrial customers are evaluating SLIPS™-coated
containers and process equipment to help release viscous liquids from
surfaces, thus reducing waste, clean-up requirements, and manufacturing
inefficiencies.

To support and expand its commercial development of SLIPS™, the company
aims to raise a $7.5m Series B during the first half of 2016. CEO Daniel
Behr commented, “Our two Series A investors, BASF Venture Capital and
billionaire investor Hansjörg Wyss, are thrilled that we’ve successfully
transitioned our breakthrough technologies out of the Harvard labs and
into the marketplace.” Mr. Behr is a serial entrepreneur with particular
expertise in commercializing innovations coming out of academia. “By the
end of our first year of operation we had delivered alpha products to
various customers,” Mr. Behr added. “Now we are positioned for broader
commercial deployment through beta product launches and expansion of our
strategic partnerships.”

SLIPS also announced that current Independent Director David Ward, a
partner with MTI Ventures, has been appointed as Board Chairman. Mr.
Ward said, “I have enjoyed working with the company since joining the
board at the beginning of 2015 – it’s exciting to be involved with such
a novel advanced materials platform technology that has virtually
endless applications. I look forward to helping the business through its
next growth phase.”

About SLIPS
SLIPS Technologies,
Inc. makes fully-slippery materials and coatings that solve sticky
surface problems in industrial, medical, and consumer applications. Our
highly repellent surfaces can be created on any material to repel
virtually all fluids and biological fouling agents. The patented SLIPS
portfolio of pioneering and award-winning technologies was created at
the Harvard John A. Paulson School of Engineering and Applied Sciences
and the Wyss Institute for Biologically Inspired Engineering at Harvard
University. SLIPS opened a new field in materials science in 2011 that
has been adopted by various research teams worldwide. Learn more at www.slipstechnologies.com

Contacts

For SLIPS Technologies, Inc.
Karen Sharma, 781-235-3060
ksharma@macbiocom.com