Solidia acquires patents for reduced-CO2 concrete and cement technologies
Solidia Technologies recently signed an exclusive licensing agreement with Rutgers University to complete its acquisition of a patented technology that eliminates roughly 70% of all carbon dioxide emissions in concrete and cement products.
The agreement, which comprises the rights to more than 50 U.S. and foreign patents and their corresponding applications, aims to present a sustainable and economical concrete alternative to the construction industry. The technology is the first commercially viable effort since scientists first began trying to cure concrete with CO2 50 years ago, according to the company.
“Together, these patents teach a unique method that enables companies to lower their environmental footprint by operating at far lower temperatures than the conventional method and providing a new means for carbon sequestration,” said Richard Riman, Rutgers professor and Solidia founder and chief scientist. Riman co-invented the technologies with Vahit Atakan, Solidia’s R&D director and former Rutgers graduate student and research associate.
Solidia’s scientific process, which facilitates the use of carbon dioxide in the production of building materials, was honored with a 2013 R&D 100 Award.
Kleiner Perkins Caufield & Byers, Bright Capital, BASF and BP all contributed financing to Solidia.
Home Depot issues recall of Soleil portable fan heaters
Home Depot is recalling 107,000 units of Soleil portable fan heaters, after the product generated 464 melting-related reports.
The plastic housing of the fan has displayed a tendency to melt and catch fire during use, though no injuries or property damage have been reported yet.
The Consumer Product Safety Commission says it’s urging consumers to return them to Home Depot for a full refund.
The model in question has a model number of LH-707, printed on a sticker on the underside of the fan. They were sold at Home Depot stores between September 2012 and May 2013 for a sticker price of roughly $15.
Mixed bag for Newell Rubbermaid in Q2
Newell Rubbermaid, whose brands include Irwin Tools, Lenox and Calphalon in addition to Sharpie and Paper Mate, reported second-quarter net sales of $1.47 billion, up 3.5% from the prior-year quarter.
Net income for the Atlanta-based company was $109.8 million, down 1.8% from the same quarter last year.
The company’s Home Solutions segment net sales were $399.1 million, up 2.0%. The growth was driven by strong results from Rubbermaid and increased distribution of Calphalon.
Tools segment net sales were down 2.2% to $198.0 million.
On July 15, the company announced the sale of its Teach platform, bring increased focus to the Newell Rubbermaid portfolio, the company said.