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Start-up behind ‘dunkable’ phone technology explores Asian IPO

01
Aug
2014

By Anshuman Daga SINGAPORE (Reuters) – P2i, a technology spin-off from Britains Ministry of Defence, is looking to raise as much as 10 million pounds ($17 million) from Singapore investors as it readies the launch of its Dunkable or waterproof technology for smartphones and tablets. The fundraising by the nanotechnology company follows an expanding list of overseas firms tapping Singapores pool of high net worth individuals. P2is technology applies a thin, transparent, splash-resistant polymer coat to products ranging from clothing to mobile phones. The company is in the process of introducing a new version of the technology, which it calls Dunkable, that will allow devices to survive being immersed in water.

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