01.04.19
Croda International Plc will be increasing its minority shareholding in the multi-award-winning technology and digital device company Cutitronics Ltd. Following the investment, Croda will remain a minority shareholder.
Croda initially invested in Cutitronics in July 2017, resulting in an exclusive commercial arrangement. This additional investment by Croda will provide Cutitronics with an opportunity to develop design updates for its innovative CutiTron device, user and compliance testing and pilot manufacture, which is anticipated to result in the first customisable commercial device.
CutiTron’s further development follows extensive collaboration with skin and beauty care companies. This novel handheld device, which assesses skin health and prepares it for the optimum delivery of the skin care formulation it dispatches, provides users with an in-depth analysis of their skin needs, even taking into consideration aspects such as environmental conditions.
Croda initially invested in Cutitronics in July 2017, resulting in an exclusive commercial arrangement. This additional investment by Croda will provide Cutitronics with an opportunity to develop design updates for its innovative CutiTron device, user and compliance testing and pilot manufacture, which is anticipated to result in the first customisable commercial device.
CutiTron’s further development follows extensive collaboration with skin and beauty care companies. This novel handheld device, which assesses skin health and prepares it for the optimum delivery of the skin care formulation it dispatches, provides users with an in-depth analysis of their skin needs, even taking into consideration aspects such as environmental conditions.
