Pemeas has developed a break-through high-temperature fuel cell membrane assembly for use in a wide range of applications such as consumer electronic devices and backup power systems. 

Emerald, through its SAM Private Equity Fund, invested in Pemeas through two rounds of financing starting in 2004. 

“Our initial investment enabled Pemeas to spinoff the fuel cell activities of the former Hoechst Group” commented Gianni Operto, Partner of
Emerald and a former Director of Pemeas. 

“BASF, as a leading chemical company, is strengthening its activities in the field of energy management and this transaction represented an excellent opportunity for both Pemeas and its shareholders”.