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April 4th, 2006
NEI Corporation, a proven provider of nanoengineered
materials, and United Nanotechnologies Private Limited (UNPL) an emerging leader in the Indian
nanotechnology industry, have formed a new joint venture company, United Nanotech Products, Ltd.
(UNTPL) which will be based in Kolkata, India. The company has been created to manufacture and sell
nanotechnology based, high performance lithium-ion battery electrode materials throughout the Asian
market. Groundbreaking for facilities will commence in the next 90-180 days and the company is
expected to ramp capacity to 90 tons/year over the following 24 months.
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