Home > Press > Nano Cluster Devices Announces Major Transaction
Nano Cluster Devices Announces Major Transaction
Posted on November 23, 2005
Christchurch, New Zealand, based Nano Cluster Devices Ltd announced today that it had concluded a major transaction with Buffalo-based NanoDynamics Inc.
The major components of the transaction are:
- NanoDynamics takes control of US-based Nano Cluster Devices Inc and guarantees its performance in marketing the technology developed by Nano Cluster Devices Ltd.
- Nano Cluster Devices Inc is granted an exclusive license to the novel cluster-based technologies developed by Nano Cluster Devices Ltd.
- Nano Cluster Devices Ltd receives ongoing funding for further development work, licence and royalty revenues, and options to convert back to an ownership interest in Nano Cluster Devices Inc in certain circumstances.
NCD Ltd Director Michael Hawkins, who negotiated the deal with NanoDynamics, said “NanoDynamics is one of the leading nanotechnology companies in the world, with a very high international profile. The licensing and development agreements that have been negotiated secure market access for NCD’s technology, and guarantee NCD Ltd’s financial position into the medium term.”
Shareholders of Nano Cluster Devices Ltd unanimously approved the transaction prior to signing.
Copyright © Nano Cluster Devices
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.
TARA Biosystems and Harris & Harris Group Form Company to Improve Safety and Efficacy of New Therapies October 22nd, 2014
Arrowhead Issues Open Letter to Shareholders October 9th, 2014
PEN Inc. Announces New Trading Symbol: PENC: Stock Continues Trading on the OTCQB September 3rd, 2014
Aspen Aerogels, Inc. to Present at Barclays CEO Energy-Power Conference August 27th, 2014
First Observation of Electronic Structure in Ag-Rh Alloy Nanoparticles Having Hydrogen Absorbing: Storage Property –Attempting to solve the mystery of why Ag-Rh alloy nanoparticles have a similar property to Pd– October 30th, 2014
Iranians Present Model to Predict Photocatalytic Process in Removal of Pollutants October 30th, 2014
Production of Biocompatible Polymers in Iran October 30th, 2014
Amorphous Coordination Polymer Particles as alternative to classical nanoplatforms for nanomedicine October 30th, 2014