Nanotherm and Battelle Announce Launch of Novara™

New Company to Deliver Advanced Carbon Nanotube-Based Heating Solutions to Automotive, Industrial and Consumer Markets

COLUMBUS, Ohio--(BUSINESS WIRE)--Nanotherm, a leader in advanced carbon-based thermal management solutions, is teaming up with global research and development powerhouse Battelle to launch Novara™, a new company that will accelerate the development and commercialization of next-generation heating solutions for the automotive, industrial and consumer sectors.

Based in Columbus, Ohio, Novara will combine Nanotherm’s expertise in developing and commercializing nanotechnology products with Battelle’s extensive material science capabilities, which include over fifteen years of pioneering advanced heating technologies in automotive and aerospace applications.

“We are excited to partner with Battelle, a renowned leader in material science, to create Novara, the premier provider of innovative U.S.-sourced heating solutions serving a wide range of industries,” said Andy Dickson, CEO of Novara. “With this unique combination of resources and deep expertise in carbon nanotechnology, we are well-positioned to bring flexible, affordable and sustainable heat solution products to market.”

“The creation of Novara represents a significant opportunity to extend Battelle’s scientific leadership and innovation to scalable product development serving a broad portfolio of customers,” said Matt Vaughan, President of Applied Science and Technology at Battelle. “Together we can broaden the range of applications for cutting-edge nanotechnology solutions, making it easier for customers to add heating capability to high-performing products.”

Novara helps the world’s most innovative teams elevate product design and performance to new levels. The ultra-thin, flexible materials deliver warmth, protection and consistent performance to any surface, delivering a high-performance layer for diverse industry products—enhancing existing products and enabling new ones.

Novara will focus on various heating applications, including electric vehicle battery heating, automotive seat heating and architectural heating solutions. Through joint research and development efforts, Novara and Battelle will explore new opportunities to leverage nanotechnology to address challenges in additional industries, including electronics, energy and healthcare.

Novara will continue to build on Nanotherm’s success in advancing carbon nanotube (CNT) technology from coatings to films, with scalable production capabilities enabling consistent, high-volume manufacturing. Through a strategic partnership, the company will provide a roll-to-roll process for manufacturing thin film heaters, offering excellent economies of scale, cost savings for customers and reliable delivery for customers.

Battelle will be represented on Novara’s Board of Directors. Terms of the deal include a license of certain Battelle IP assets to Novara to enable the company to develop and commercialize its technologies and products in multiple fields.

ABOUT NOVARA

Novara™ is an advanced materials company based in Columbus, OH, delivering ultra-thin, flexible heating and protective technologies that power breakthrough product performance. From mobility to architecture to consumer products, Novara materials integrate seamlessly to deliver warmth, reliability and design freedom across industries.

ABOUT BATTELLE

Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit www.battelle.org.