Armstrong is one of several investors who have participated in a £1 million funding round to support Jiva in accelerating the commercialisation of Soluboard®, a material designed to make printed circuit boards (PCB) fully recyclable.
Jiva has developed a patented, competitively-priced and fully recyclable PCB substrate, Soluboard®, which is intended to rival the industry standard, FR-4. On a global scale, more than 57 million tonnes of Waste Electrical and Electronic Equipment are produced every year.
Michael Hughes, Director of Armstrong, said: “We are delighted to have supported Jiva to further develop its innovative technology. Jiva has created a technology that will enable users to reduce the CO2 equivalent by sixty percent compared to the market incumbent products. The investment supports Armstrong’s core strategy of identifying and marketing investment opportunities capable of delivering environmental and/or social impacts.”
Dr Jonathan Swanston, CEO of Jiva Materials Ltd, said:
“All of us at Jiva are very thankful for the support from our shareholders, both new and old. We look forward to bringing Soluboard® to market by working with key players in the world of electronics. It is time for us to take responsibility for our products and the impacts that they are having on the planet.”
Jiva completed the £1m funding round led by Katapult VC and Low Carbon Innovation Fund 2 and supported by Sorbon Investments, Armstrong and Moonstone. Jiva Materials Ltd was assisted by MBM Commercial LLP in these transactions.
The organic structure of Soluboard® means the non-toxic ingredients begin to delaminate when immersed into hot water. This allows the natural plant-based fibres to be composted, the remaining solution to be disposed of using standard domestic waste-water systems, and the electronic components to be removed for re-processing.
