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April 14th, 2004
Nanotech backers back off!
Nanobuild, the world’s largest nanotech RTD company, was forced to issue a liquidity warning yesterday, as NIG, the association of users of nanoelectronic products, announced their intention to curb funding schemes for nanoelectronics research. The announcement comes as the latest in a series of similar revelations of major manufacturers this year. “The current situation is anything but easy” said Jan Binkhorst, CEO of Nanobuild, at yesterday’s presentation of the half-year results. Nanobuild concentrates on nanodevices for electronic applications.
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