Home > Press > Universal Capital Management, Inc. Reports That Its Portfolio Company, Third-Order Nanotechnology, Inc., Has Added the CTO of Essex Corp., a Subsidiar
Universal Capital Management, Inc. ("Universal") (OTCBB:UCMT), a Business Development Company which provides emerging growth companies with management and strategic resources for successful growth, reports that Third-Order Nanotechnologies, Inc. ("Third-Order") announced the addition of Mr. Terry Turpin, CTO of Essex Corp. to its Board of Scientific and Commercialization Advisors. "Third-Order is the oldest and a very significant part of our portfolio of companies," said Michael Queen, President and CEO of Universal Capital Management, Inc.
Universal Capital Management, Inc. Reports That Its Portfolio Company, Third-Order Nanotechnology, Inc., Has Added the CTO of Essex Corp., a Subsidiar
WILMINGTON, DE | Posted on March 7th, 2007
Mr. Queen continued by stating that, "The addition of Mr. Turpin to the company's Advisory Board further validates the technology that Third Order has developed."
Mr. Turpin, Director, Senior Vice President and Chief Technology Officer of Northrop Grumman subsidiary, Essex Corp. will aid Third-Order in the development of key products of immediate interest to the U.S. Government, Essex and Northrop Grumman.
Mr. Turpin has been in search of materials such as those being produced by Third-Order for more than thirty years, and he projects that the company's breakthrough materials will advance "entirely new generations of optical devices." Turpin already holds patents for an analog optical processor, currently in use by government agencies, which represent up to a 50,000 times improvement over conventional digital processors and is interested in using Third-Order's materials to improve the size, economy and efficiency of these next-generation computers.
Third-Order and Mr. Turpin have had discussions regarding the engineering for the development of military products. Together they have identified the potential for several key products and military devices of immediate interest to the government using Third-Order's revolutionary electro-optic materials. The formation of relationships and strategic alliances within the military and telecommunication community is an important step in the process of integrating Third-Order's breakthrough technology into commercial products.
About Third-Order Nanotechnology, Inc.
Third-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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