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Nanotechnologies, Inc. and Technanogy Materials Development Merge Assets |
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AUSTIN, TX (April 4, 2004) - In a move to create a single world-class nanoaluminum supplier, two leaders in the nanotechnology industry, Nanotechnologies,
Inc., and Technanogy Materials Development (Santa Ana, CA) have agreed to merge their assets. Under the terms of the agreement, the assets of Technanogy
Materials Development will be combined with the assets and under management of Nanotechnologies, Inc. The united assets will strengthen Nanotechnologies,
Inc.'s offering of high performance aluminum nanoparticles. Nanopowders such as nanoaluminum are a new class of highly crystalline pure materials, which can be engineered specifically to provide enhanced electrical and energetic properties in emerging applications. Applications that demand high performance nanoaluminum particles include advanced munitions, lead-free munitions primers, pyrotechnics, detonators, initiators for airbag applications, additives for plastics, and powder metallurgy. "The additional intellectual property and market and applications knowledge will be a key asset for our current and future development of aluminum Advanced Nanoparticle Enabled Applications (ANEA)", said Randy Bell, Nanotechnologies, Inc.'s President and CEO. "We are pleased to be able to merge the assets of our two companies, in order to most effectively commercialize nanoaluminum for exciting electronics and nanoenergetic applications", related Jeff Majkrzak, CEO of Technanogy Materials Development. Click to Read Document |
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