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Meraxis partners with AI start-up POLYMERIZE

Muri bei Bern (Switzerland), August 23, 2024. Meraxis, a worldwide leading plastics distributor, and the AI deep-tech start-up POLYMERIZE have forged a strategic partnership. POLYMERIZE is a developer and provider of a materials informatics platform, which is specifically tailored to the research and development needs in the polymer industry. POLYMERIZE’s Software-as-a-Service platform allows converters, producers, and compounders to optimize their materials development and launch new – and more sustainable – products more quickly. This partnership aims to expand their range of services in the European market. Meraxis is also a shareholder of the Singapore-based start-up.

POLYMERIZE’s platform assists research teams in handling data more effectively and developing new material formulations more efficiently. This in turn drives down development costs for polymer processing companies and expedites the “time to market” for new products. Dr. Stefan Girschik, CEO of Meraxis, highlights: “The partnership with POLYMERIZE strengthens our role as a one-stop shop and driver of digital transformation in the polymer industry. We are firmly convinced that digital solutions such as this one hold the key to increased competitiveness and sustainability. The AI-supported POLYMERIZE software allows polymer converters to considerably shorten their innovation cycles and accelerate the development of sustainable products. We have had very positive results when using the software ourselves.”

POLYMERIZE’s deep-tech solution simplifies the uploading and management of data from test series and analyzes it by means of artificial intelligence, automated workflows, and statistical evaluations. On this basis, the platform optimizes the approach to new material experiments and precisely predicts the test results. The software utilizes AI to propose new formulations or alternative ingredients to produce the required properties, such as a specific elasticity, hardness, or viscosity. In addition, POLYMERIZE minimizes the ecological footprint by helping researchers and formulation developers reduce resource consumption and create formulations with sustainable materials more quickly. Each user’s data is stored in an isolated manner. POLYMERIZE deploys state-of-the-art security measures that are audited at regular intervals. This ensures compliance with the ISO 27001 and SOC2 TYPE II data protection standards and the GDPR conformity.

Die Geschäftsführung hatte in den letzten Wochen intensive Gespräche mit möglichen Partnern über eine Zusammenarbeit oder eine Übernahmelösung geführt. Letztlich fand sich jedoch kein Interessent, der bereit war, sich finanziell zu engagieren. Ausdrücklich bedankte sich die Klinik-Geschäftsführung bei Landrat Christian Herrgott für die Unterstützung in den letzten Monaten. „Die Politik hat sich gerade auf kommunaler Ebene sehr für den Erhalt des Krankenhauses stark gemacht und getan, was möglich ist“, so Ballies. „Leider bleibt der Betrieb solcher Krankenhäuser unter den noch geltenden Finanzierungsbedingungen bis auf Weiteres ein Zuschussgeschäft in Millionenhöhe.“

Meraxis harnesses this strategic partnership to support its customers and suppliers in systematically implementing and using POLYMERIZE solutions to advance their sustainability initiatives. Kunal Sandeep, Co-Founder and CEO of POLYMERIZE, comments on the partnership: “With Meraxis as our partner, we now have access to European polymer converters and producers. This helps us to expand our position in this key market and further establish our platform in Europe.” Co-Founder and CTO Dr. Abhijit Salvekar adds: “Working in partnership with Meraxis, we are driving digital solutions in the polymer industry to improve efficiency and environmental sustainability in the sector.” In 2020, the two founded POLYMERIZE together. Sandeep is an accomplished founder in the realm of software-as-a-service. Salvekar has a long-standing practical research & development experience in the polymers industry.

 

About POLYMERIZE

POLYMERIZE is an AI deep-tech startup founded in Singapore with offices in Japan, Korea, India, and China. They provide a cloud-based Software-as-a-Service material informatics platform, which helps researchers collaborate, generate valuable insights and develop sustainable formulations more effectively and efficiently while reducing toxic emissions. Founded in 2020, POLYMERIZE is backed by global VCs such as Elevation Capital, InfoEdge Ventures, and Entrepreneur First.

Over the past four years since its inception, POLYMERIZE customers globally have experienced highly accurate formulations predictions expediting their development cycles, reducing costs and seeing overall operational & collaboration efficiencies. Surveys have also reported development times accelerated by up to three times, alongside an estimated 30% cost savings.

polymerize.io

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About the Meraxis Group

With over 2 billion euros sales, Meraxis is one of the world’s leading plastics distributors. In addition to its headquarters in Muri near Bern (Switzerland), the trade group has around 30 locations worldwide. As a full-service provider, the Meraxis Group provides its customers with targeted support in the strategic procurement of polymers and polymer-related products: In the one-stop shop, plastics processors obtain standard plastics (e.g. PE, PP, PET, PVC), engineering plastics, masterbatches, recycled materials, and biopolymers. Meraxis also provides capital goods such as injection molding machines, systems, and tools as well as aids for upstream and downstream production processes.

Meraxis works together with a global network of established suppliers and partners. The company has many years of experience in the development and processing of high-quality polymers as well as in handling complex logistics processes. Meraxis offers comprehensive consulting services: Among other things, the company actively supports plastics processors in the selection and procurement of sustainable materials and the switch to recycled materials. Together with partners and customers, Meraxis is also developing digital solutions to promote the recycling economy and transparency in the value chain. For example, a CO2 footprint tool facilitates the selection of the lowest-emission material.

www.meraxis-group.com

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Pressekontakt

Julia Hisge

möller pr GmbH
Julia Hisge
Tel.: +49 (0) 221 80 10 87-90
E-mail:  jh@moeller-pr.de
www.moeller-pr.de