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.
Nanometrics Announces Upcoming Investor Events July 20th, 2016
Keystone Nano selected as a top scoring company by NCI investor review panel July 19th, 2016
Arrowhead Pharmaceuticals to Present at Cantor Fitzgerald's 2nd Annual Healthcare Conference July 6th, 2016
Nanometrics to Participate in the 8th Annual CEO Investor Summit: Investor Event Held Concurrently with SEMICON West 2016 in San Francisco June 22nd, 2016
Vortex laser offers hope for Moore's Law: The optics advancement may solve an approaching data bottleneck by helping to boost computing power and information transfer rates tenfold July 30th, 2016
New method for making green LEDs enhances their efficiency and brightness July 30th, 2016
Novel state of matter: Observation of a quantum spin liquid July 29th, 2016
A new type of quantum bits July 29th, 2016