Home > News > U.S. IPOs' Slide, Nanotech's Slump, Citi's Offer: David Wilson
March 13th, 2007
U.S. IPOs' Slide, Nanotech's Slump, Citi's Offer: David Wilson
Nanotechnology companies were all the rage in the U.S. stock market three years ago. The idea of working with particles smaller than 100 nanometers, or one 10-millionth of a meter, was enough to draw investors. Now it takes backing from the likes of Lockheed Martin Corp., the world's largest defense company, and AES Corp., a power producer, to get them excited even for a day.
Shares of Lumera Corp. surged 24 percent yesterday after the Bothell, Washington-based company signed an agreement to provide electro-optic materials, used in electronic equipment, to Lockheed Martin. Terms weren't disclosed.
The announcement was made a week after Altair Nanotechnologies Inc., a Reno, Nevada-based provider of nanotechnology for batteries and other products, said AES purchased a 1.5 percent stake for $3 million.
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
Harris & Harris Group Letter to Shareholders on Website August 19th, 2014
Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 August 12th, 2014
Multifunctional Cotton Fabrics Produced in Iran Using Nanotechnology October 2nd, 2014
Novel approach to magnetic measurements atom-by-atom October 1st, 2014
'Stealth' nanoparticles could improve cancer vaccines October 1st, 2014
Stressed Out: Research Sheds New Light on Why Rechargeable Batteries Fail October 1st, 2014