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NANOTECHNOLOGIES, Inc. Closes Financing |
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AUSTIN, TX (November 23, 2005) - NANOTECHNOLOGIES, Inc. (NTI), a manufacturer of high-performance metal and metal oxide nanoparticles for the electronics
materials and antimicrobial additives markets, announced it has completed a new round of financing. NANOTECHNOLOGIES, Inc. was founded in 1999 to commercialize Advanced Nanoparticle Enabled Applications (ANEASM). The company's core technology platform is based on its proprietary pulsed power synthesis method that produces high performance metal and metal oxide nanoparticles with particle sizes ranging from 20 to 100 nanometers. The new funding will allow the company to expand its marketing and business development initiatives. "We are at a critical point in our company's life cycle and driving toward rapid commercialization of our products. Aligning and expanding our technical and business teams to ensure successful completion of our customers' commercialization efforts is paramount", said Steve Leach, NANOTECHNOLOGIES' Chief Executive Officer. The company has been working in several markets where its nanoparticles and enabling technology could significantly provide its partners unique materials for various emerging applications including conductive patterning for electronics markets and anti-microbial and anti-viral products for the life sciences markets. NTI is also moving forward with its nano-energetics technology and applications development. Investors participating in the financing, include Convergent Investors, Capital Conceptions, Techxas Ventures, Air Products and Chemicals Inc. and other individual investors. |
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