Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Nano-Proprietary Enters Into License Agreement with Kelman

Abstract:
Agreement takes the place of ANI's previous hydrogen sensor license agreement

Nano-Proprietary, Inc. Enters Into License Agreement with Kelman, Ltd. for Hydrogen Sensor Products

July 13, 2005

Austin, Texas-based Nano-Proprietary, Inc. (OTCBB:NNPP), through its subsidiary, Applied Nanotech, Inc. (ANI), today announced that it has entered into an exclusive license agreement with Kelman, Ltd., ("Kelman") a U.K. Limited Company related to its hydrogen sensor products and technology for use in the power transformer market. This agreement takes the place of ANI's previous hydrogen sensor license agreement due to the previous licensee being folded into Kelman.

The agreement grants Kelman an exclusive license for the use of ANI sensor technology for the measurement of hydrogen in power transformers. Kelman will pay a royalty on the sales of the products containing the hydrogen sensors. Kelman's period of exclusivity extends to June 30, 2006. Kelman, at their option, can extend the exclusivity period beyond that date by making minimum royalty payments. The agreement also calls for ANI to initially sell the sensors to Kelman.

"We are pleased to be working with a highly regarded company like Kelman that has such a strong position in power transformers and other areas," said Marc Eller, CEO of Nano-Proprietary, Inc. "In the future, we also look forward to providing additional sensor technologies to Kelman for products to be developed for their other existing markets. In each case, a separate license agreement will be negotiated."

####


Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties concerning Nano-Proprietary's business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results are included in Nano-Proprietary's annual report on Form 10-K/A for the fiscal year ended December 31, 2004, and in reports subsequently filed by Nano-Proprietary with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval System (EDGAR) at www.sec.gov or from Nano-Proprietary's web site listed below. Nano-Proprietary hereby disclaims any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.

About Kelman Company:
Kelman Company, Ltd. is an international company operating on five continents with offices in eight countries and an extensive distributor network. Kelman operates primarily in the areas of Power Products, Transformer Services, Emission Monitoring, and Railway products.

For more information, please visit www.kelman.co.uk

About Nano-Proprietary:
Nano-Proprietary, Inc. is a holding company consisting of two wholly-owned operating subsidiaries. Applied Nanotech Inc. is a premier research and commercialization organization dedicated to developing applications for nanotechnology with an extremely strong position in the field of electron emission applications from carbon film/nanotubes. Electronic Billboard Technology, Inc. (EBT) possesses technology related to electronic digitized sign technology.

For more information, please visit www.nano-proprietary.com


Company Contact:
Nano-Proprietary, Inc.
Doug Baker, Chief Financial Officer
(248) 391-0612
dbaker@ameritech.net

Media Contact:
BlabberMouth Public Relations
Patti D. Hill
(512) 218-0401
patti@blabbermouthPR.com

Copyright Nano-Proprietary

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Investments/IPO's/Splits

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Harris & Harris Group Issues Its Financial Statements as of December 31, 2016, Posts Its Annual Shareholder Letter, And Will Host a Conference Call for Shareholders on Friday, March 17, 2017 March 15th, 2017

Harris & Harris Group Announces the Filing of Preliminary Proxy Materials Detailing Its Proposed Conversion From a BDC to a Registered Closed-End Fund January 24th, 2017

Harris & Harris Group Issues Reminder for Shareholder Update Call on January 10, 2017 January 10th, 2017

Sensors

Better living through pressure: Functional nanomaterials made easy April 19th, 2017

A Sensitive And Dynamic Tactile Sensor Read more from Asian Scientist Magazine at: https://www.asianscientist.com/2017/04/tech/tactile-3d-active-matrix-sensor/ April 18th, 2017

AIM Photonics Presents Cutting-Edge Integrated Photonics Technology Developments to Packed House at OFC 2017, the Optical Networking and Communication Conference & Exhibition April 11th, 2017

New technology could offer cheaper, faster food testing: Specialized droplets interact with bacteria and can be analyzed using a smartphone April 7th, 2017

Announcements

Ultracold atom waves may shed light on rogue ocean killers: Rice quantum experiments probe underlying physics of rogue ocean waves April 27th, 2017

Looking for the quantum frontier: Beyond classical computing without fault-tolerance? April 27th, 2017

Metal nanoparticles induced visible-light photocatalysis: Mechanisms, applications, ways of promoting catalytic activity and outlook April 27th, 2017

Arrowhead Pharmaceuticals to Webcast Fiscal 2017 Second Quarter Results April 27th, 2017

Energy

Using light to propel water : With new method, MIT engineers can control and separate fluids on a surface using only visible light April 25th, 2017

SUNY Polytechnic Institute Announces Total of 172 Teams Selected to Compete in Solar in Your Community Challenge: Teams from 40 states, plus Washington, DC, 2 Territories, and 4 American Indian Reservations, Will Deploy Solar in Underserved Communities April 20th, 2017

Better living through pressure: Functional nanomaterials made easy April 19th, 2017

Shedding light on the absorption of light by titanium dioxide April 14th, 2017

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project