Home > Press > Nano-Proprietary Enters Into License Agreement with Kelman
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
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
Doug Baker, Chief Financial Officer
BlabberMouth Public Relations
Patti D. Hill
Copyright © Nano-Proprietary
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 July 23rd, 2014
Nanometrics Announces Upcoming Investor Events July 22nd, 2014
Harris & Harris Group Invests in UberSeq, Inc. July 16th, 2014
Harris & Harris Group Portfolio Company D-Wave Systems Closes a $28.4 Million Financing July 14th, 2014
Compact Vibration Harvester Power Supply with Highest Efficiency Opens Door to “Fix-and-Forget” Sensor Nodes July 23rd, 2014
Nano-sized Chip "Sniffs Out" Explosives Far Better than Trained Dogs: TAU researcher's groundbreaking sensor detects miniscule concentrations of hazardous materials in the air July 23rd, 2014
Tiny laser sensor heightens bomb detection sensitivity July 19th, 2014
Iranian Scientists Use Nanosensors to Achieve Best Limit for Early Cancer Diagnosis July 19th, 2014
Silicene Labs Announces the Launch of Patent-Pending, 2D Materials Composite Index™ : The Initial 2D Materials Composite Index™ for Q2 2014 Is: 857.3; Founders Include World-Renowned Physicist and Seasoned Business and IP Professionals July 24th, 2014
Iranian Scientists Produce Transparent Nanocomposite Coatings with Longer Lifetime July 24th, 2014
Deadline Announced for Registration in 7th Int'l Nanotechnology Festival in Iran July 23rd, 2014
A Crystal Wedding in the Nanocosmos July 23rd, 2014
Oregon chemists eye improved thin films with metal substitution: Solution-based inorganic process could drive more efficient electronics and solar devices July 21st, 2014
Steam from the sun: New spongelike structure converts solar energy into steam July 21st, 2014
3-D nanostructure could benefit nanoelectronics, gas storage: Rice U. researchers predict functional advantages of 3-D boron nitride July 15th, 2014
Nanotechnology that will impact the Security & Defense sectors to be discussed at NanoSD2014 conference July 8th, 2014