The Cyltronic team can look ahead to the next stage of growth. Picture: zVg/Cyltronic
Winterthur – The Technology Fund has granted Cyltronic AG a loan guarantee. The start-up from Winterthur intends to use this to drive forward its electric cylinder for industrial systems. This enables energy savings of over 90 per cent.
The Technology Fund has approved a loan guarantee for Cyltronic, as detailed in a press release. The start-up, based in Technopark Winterthur, impressed the fund with its innovative electric cylinder for industrial systems. This is intended to replace conventional pneumatic cylinders. According to Cyltronic, the electrification of cylinders that are otherwise powered by compressed air enables energy savings of 92 per cent on average.
“The technology fund will enable us to accelerate market development throughout Europe and free even more machines from compressed air and make them more efficient,” said Jeremias Wehrli, CEO and co-founder of Cyltronic, in the press release. The start-up’s aim is to market the product worldwide.
The market potential is huge: according to Cyltronic, every industrial machine performs linear movements that are currently carried out using pneumatic cylinders. In the press release, the start-up emphasises robots in the automotive industry and machines for packaging food as areas of application for its technology.
The technology fund is a federal climate policy instrument. It grants loan guarantees to Swiss companies working on innovative sustainable projects. ce/sp
