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Universal Capital Management, Inc. ("Universal") (OTCBB:UCMT) reported that this week, one of its portfolio companies, Third-Order Nanotechnologies, Inc. ("Third-Order"), announced the production of a new nanotechnology material that could reshape the future of computer hardware. "Universal is one of the largest shareholders of Third-Order and the potential upside of this investment to Universal is very significant," said Michael Queen, President and CEO of Universal Capital Management, Inc.
Today's computer systems perform calculations through the flow of electricity across imbedded circuit boards. The current speed of this electric flow limits the speed at which a computer can operate. For several years, scientists have envisioned the day that light instead of electricity will be the energy that makes the computer function, allowing computers to theoretically perform calculations at the speed of light. Third-Order's new materials could one day bring this vision to fruition.
Third-Order Nanotechnologies, Inc. invents and fabricates nano-engineered materials for high-speed computer and telecommunication systems. Although the materials that Third-Order engineers are not something the average Jane or Joe is ever likely to purchase, they are very likely something one would use daily without ever knowing it--whenever one goes online or simply boots-up a home computer.
The new material could lay the foundation for a theoretical device known as the all-optical transistor. Today billions of electrical transistors make up the computer on which you are most likely reading this article. Some scientists expect that this fundamental building-block may be replaced by an optical (or light) based transistor which could make computers smaller, faster and less expensive.
According to scientists in this field, the key to making an effective all-optical transistor is a high-stability material. Since light will constantly flow in and out of this new generation of transistors, it's essential that the material itself does not slowly bleach out over time. This is the secret to Third-Order's material innovation. Some experts in the field have predicted that Third-Order's materials could withstand optical powers that are a quadrillion (1,000,000,000,000,000x) times stronger than an average laser-pointer, well in excess of what is needed for an all-optical transistor.
About Third-Order Nanotechnology, Inc.
hird-Order is a development stage research and development company that is in the process of developing high-activity, high-stability electro-optic polymers for application in the electro-optic and all-optic device market. Electro-optic devices convert data from electric signals into optical signals for use in communications systems and in optical interconnects for high-speed data transfer. For additional information, please visit their website at http://www.third-order.com
About Universal Capital Management
Universal Capital Management, Inc. is a publicly traded Business Development Company created under the Investment Act of 1940. Its purpose is to assist its portfolio companies with funding and management to facilitate growth and increase their value. Please visit the company's website at http://www.unicapman.com
The information contained in this press release may contain "forward-looking statements." You can identify these statements by use of the words "may," "will," "should," "could," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," "believe," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to the following which could affect Universal Capital Management, Inc. or one or more portfolio companies: general economic and business conditions, effects of continued geopolitical unrest, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
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