PSP.US Inc has acquired the assets of US membrane company PolyCera Inc including all physical and intellectual properties.
A Delaware corporation, PSP.US was formed in 2020 and is wholly owned by Singapore’s PSP Pte Ltd. Chinese membrane company Beijing Daking Eastern Technology Co Ltd is the largest shareholder in PSP Pte Ltd, and also holds the largest interest in PSP.US.
PolyCera membranes will continue to be manufactured in southern California, and research & development will remain in Los Angeles. The products will continue to be marketed under the PolyCera brand.
“The acquisition of PolyCera is a ‘win’ in many ways – for the company itself, for customers around the world who will benefit from its advanced and unique technology, and for PSP.US and Daking, a company that has concentrated entirely on membrane separation since 2003,” said Jianbo Wen, CEO of PSP.US and Daking. Wen has been actively involved in developing the membrane market in China for more than three decades.
“I want to emphasise that we are committed to PolyCera’s success for the long term. Made up of private investors, PSP.US has a very different approach than that of venture capital firms. We want to assure the market that PolyCera’s growth, resources and ongoing financial stability are our priority,” said Wen.
