Quickstep Technologies - The fast track to public listing

In 2002, Quickstep Technologies was a small, under-capitalised business with an idea that could have a major impact on the defence, civilian aerospace and automotive industries.

The company had developed a highly efficient process for manufacturing structural-grade carbon fibre composites. Traditionally, structural grade composites are manufactured in very large, heated pressure vessels called autoclaves. These vessels use high-pressure nitrogen gas to transfer heat to the resin in composite parts. They are highly capital-intensive, slow, expensive to run and unreliable. This aspect of production is a key factor in limiting the uptake of composite materials into the civilian aerospace and automotive sectors.

By contrast, the Quickstep process cures the resin in composites using low-pressure fluid in a closed loop system. As well as being cheaper by an order of magnitude than the existing autoclave process, the Quickstep process is around six times faster.

VCAMM secured Victorian Government funding and engaged the Composites group at Deakin University to conduct multi-theme research around the Quickstep process.

The project showed the Quickstep process produced materials that were equal to or better than those cured in autoclaves in areas including bonding, longevity, surface finish and energy absorption.

This independent validation assisted Quickstep Technologies listing on the Australian Stock Exchange, and has now helped open doors at Boeing and Airbus.

The research group at Deakin University published a number of internationally recognised papers, and has participated in the registration of multiple tube making technology patents. In addition to maintaining equity in the company, VCAMM has assisted in the attraction of new capital investment. VCAMM continues to receive a royalty stream from Quickstep.

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