ThruPore Technologies, Inc. At-a-Glance
Mission – Innovative Materials Company
ThruPore was founded by a team of material scientists who
developed a synthetic highly porous carbon material that can
be applied in many high-value chemical applications. The
Team discovered that the porosity of the carbon produced 50x more accessible surface
area compared to competitive carbons. Understanding this high-added-value, the Team
focused its go-to-market strategy on new chemical catalyst products, vs. filtration or battery
1st Application Sector – Disrupting Chemical Catalysts
Catalysts are the workhorses of all processes in the chemistry industry – refining,
chemicals, gas processing, specialty polymers and more. Petrochemical manufacturers use
tons of catalyst in each process for reactions that produce higher yields, produce a cleaner
product, or last longer resulting in less downtime. The leading catalyst manufacturers --
BASF, Johnson Matthey, Evonik -- are continually searching for new ways to increase
surface area for their products, which drive process reaction performance. Catalysts are the
critical technology that drives chemical process performance, and most chemical industry
innovation revolves around catalyst technology.
ThruPore Catalysts –Dramatically Lowering Process Costs
ThruPore’s unique material enables differentiators for
comparing catalysts. The 1st is enabling much more
precious metal surface area, which drives up process
performance. In catalyst metrics, this is higher activity,
higher selectivity, & longer lifetime. Through testing,
these 3 metrics translate into tens of millions of dollars
of process cost improvement.
2nd – Testing has consistently shown that the porous
nature of ThruPore’s support translates into using ½ of
the precious metal to achieve similar performance.
ThruPore is so confident regarding its value contribution
that it is leading with a metrics-based business model.
ThruPore’s Traction – Customer Pilots
ThruPore developed its 1st catalyst in 2014 through an NSF R&D Grant. The Seed funding at
the beginning of 2018 enabled commercial launch and manufacturing process development.
ThruPore’s sales & marketing execution in 2018 has resulted in 30+ leads within 9 months.
ThruPore has the manufacturing operation to make and test pilot scale volumes today (1 ton)
and has shipped samples to 30 customers for lab testing. ThruPore has been conducting tests
and collaborating closely with 5 large chemical companies who are validating its value
proposition of better performing catalysts. ThruPore begins customer pilots in Q1 2018.
$5M Series A – Use of Funds
ThruPore has launched and gone to market with under $2M of total funding – an incredible
accomplishment for a chemical company. ThruPore has achieved 1st commercial revenues
with its Seed round, which will resolve the major challenge of managing through the long
customer sales cycle of certifying process catalysts. ThruPore is planning to secure a Series
Experienced, 70+ combined years
Dr. Franchessa Sayler – Pres. &
CEO. Led team through R&D,
Product Development, & Mfg.
Dr. Trupti Kotbagi – VP,
John Currie, MBA – VP, Sales
Board of Directors:
Christopher Melton – CEO,
The White Oak Group
Param Sreekanth – former
DuPont Ventures executive
Dr. Glen Gaddy – Chemical &
Science Angel Investor
Harley McNair – CEO,
Pflaumer Brothers Chemical Co.
Industries: Petrochemicals, Fine
& Specialty Chemicals, Materials
Funding to Date:
$1.2M from National Science
Foundation for R&D
$850K from Angel Investors
$250K from NSF (for equity
Pflaumer Brothers Chemical Co.
IP Assets: 2 Patents awarded for
new materials and the use of material
for catalysis. 1 Patent pending on the
Contact: Dr. Franchessa Sayler
ThruPore’s Porous Structure
A round in Q1 2020 to scale its manufacturing operation to satisfy customer requirements. ThruPore has several large contracts (~30
tons/year) in its pipeline. Fulfilling these orders will require $3 million of CapEx equipment to duplicate the current unit
manufacturing operation. ThruPore will use funds to expand sales manufacturing functions.
Growth – Platform Materials Company
2019 2020 2021 2022 2023
Catalyst opportunities represent a $34 billion global market by 2024.
ThruPore expects to achieve $100M in revenue in 2025, with strong
margins. Most catalysis innovators have been acquired at 3x EBITBA.
With success in catalysts, ThruPore is positioned to easily expand its
material “platform” into chemical adsorbents, zeolites, separations, and
filtration products. Expanding into these related industrial chemical
segments would add significant top-line revenue and products to its
existing sales force, without adding much expense to launch.
Contracts 0 2 4 7 10
Revenue $100K $500K $6M $17M $29M
COGS $20K $100K $3.7M $11.1M $16.5M
Costs $380K $400K $1.0M $2.1M $3.5M
EBITDA ($300K) $0 $1.3M $3.8M $9M