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In March 2020, the cooperation between SCP-MC2020, a non-trading partnership formed under the laws of Monaco and TransMatch Corporate Finance B.V., a Dutch limited liability company (Besloten vennootschap) was formed to develop a business structure and commercialisation plan for the Group’s Technology. This process eventually led to the current company TIB-TEC AG (“TIB-TEC”), a share company incorporated under the laws of Switzerland with seat in Baar, Zug. Further, in July 2020, a financial entity was registered in the Netherlands as an investment vehicle for funding of the research and development of the technology, TI Holdings B.V. In April 2022, TIB-TEC became the parent company of TI-Holdings B.V. After a first round of funding was closed, TIB-TEC was able to start developing the Group’s Technology in close relation with the then technology owner, SCP-MC2020. In August 2022 TI-Holdings B.V. entered into an intellectual assignment agreement concerning the assignment of the intellectual property rights relating to the Group’s Technology. In developing the Group’s Technology, collaboration with the renowned Technical University of Aachen (Germany) on design principles and engineering drawings was undertaken as well as with the Niederrhein University of Applied Sciences, Krefeld (Germany) who built a computer simulation model which confirmed the fundamental working principle of the TIB-Device (a device based on the Group’s Technology).


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The wholly-owned subsidiary of TIB-TEC AG, TI-Holdings B.V., purchased the intellectual property rights of the Group’s Technology.


Numerical simulations (using various operational & design parameters) has been completed. The simulation was executed to validate temperature/pressure conditions in the TIB-Device.


Prototype has been 3D printed in polymer for air flow tests, with further design modifications being implemented prior to 3D printing MVP.