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November 8th, 2004
Twosomes become troublesome if one side goes under
It seemed like a match made in small tech heaven: Zyvex Corp. and Standard MEMS Inc. in 2001 were awarded a $25 million federal grant to develop low-cost assemblers for high-volume micro- and nanoscale systems.
Less than a year later, however, Standard MEMS was on the skids, and so was the cost-sharing contract with the National Institute of Standards and Technology’s Advanced Technology Program (ATP). In the fall of 2002, Standard MEMS slashed its staff from 270 to 25 and filed for bankruptcy from which it never emerged.
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