MagmaTech has won the 2008 Building Exchange (BEX) innovation competition for its commitment to developing new and sustainable construction products from composite materials.
London based company MagmaTech received the award on Tuesday (24/06/08) night at the BEX event, a major construction conference being held in Valencia, Spain this week.
Organised by UK Trade & Investment, the competition was aimed at uncovering the UK’s most innovative construction companies. The competition finalists including Geofusion, Classic Marble and Green Energy Options were given the opportunity to exhibit at the BEX conference which attracts industry leaders from across the globe.
UK Trade & Investment CEO Andrew Cahn congratulated the winning company and said that innovation was vital to the future of the construction sector.
A small company, MagmaTech Ltd has developed an innovative range of thermally insulating composite wall ties composed of basalt fibre - TeploTie. The ties replace standard stainless steel wall ties which act as thermal bridges in cavity walls. TeploTie improves the U value of traditional cavity walls by up to 10 per cent which reduces heat loss and energy wastage (U-Value improvements of up to 20-40% have also been calculated for wide 150mm – 300mm insulated cavities).