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Home > Press > Zyvex Announces Company Spinout

Abstract:
Zyvex, the first molecular nanotechnology company, today announced its first company spinout: Zyvex
Performance Materials (ZPM). The new company leverages Zyvex's long-standing reputation as an industry leader, its existing nanomaterials patents, proprietary methods, core technologies, and revenue-generating customer base.

Zyvex Announces Company Spinout

RICHARDSON, TX | Posted on April 4th, 2007

ZPM, which is in the process of scaling its business to meet the
growing demand for commercial applications in nanomaterials, is locating
their business in Columbus, Ohio in order to be in close proximity to the
epicenter of the advanced materials industry (subject to the approval of
state and local incentives). The company expects to add at least 25 people
to the new facility over the next twelve months (with more to follow) and
is currently interviewing for their startup staff. Interested parties can
meet key members of the team at the ZPM booth during the Ohio
Nanotechnology Summit in Akron on April 23-25.

"There is increasing interest from aerospace, consumer goods, and
industrial product markets to use our nanomaterials to impart enhanced
thermal, mechanical, and electrical properties in composite systems," said
Thomas W. Hughes, ZPM's General Manager. "By scaling up our production
technology and resources, we can meet this industrial demand and provide
our customers with the best solution available. Ohio is an ideal location
for our facility since we'll be close to our customers and strategic
partners as well as key scientists, engineers, and production resources."

As part of this expansion, ZPM is also increasing its presence at their
satellite facility in Rapid City, South Dakota. The Nanomaterials
Prototyping, Testing and Characterization Facility at the South Dakota
School of Mines and Technology's Polymer Processing Center (SDSM&T-PPC) was
established in July 2006 under a cooperative agreement with Governor Mike
Rounds.

Two industry leaders have already joined the company's board: James R.
Von Ehr and David W. Heard.

Jim Von Ehr is a highly regarded leader within the nanotechnology
industry. In addition to founding Zyvex Corporation and the Texas
Nanotechnology Initiative, his personal contributions helped establish the
University of Texas at Dallas NanoTech Institute. He is also an invited
member of the Nanotechnology Technical Advisory Group (NTAG) to the U.S.
President's Council of Advisors on Science and Technology (PCAST).

David Heard has a broad range of experience which includes founding
entrepreneurial start up companies such as Spatial Networks (which was sold
to Alcatel in 2004 for over $300M), raising over $240M of private capital
as the CEO of Santera Systems, running and turning around Somera, a $100M
publicly traded company, and leading a $900M division of Lucent
Technologies, a Fortune 50 company.

Thomas Hughes was previously the Chief Operating Officer for Applied
Sciences Incorporated and the General Manager for Pyrograf Products,
Incorporated, the manufacturing affiliate for Applied Sciences.

The company's NanoSolve(R) materials have received worldwide acclaim,
including the prestigious R&D100 award. ZPM has an impressive list of key
customers with products in the areas of aerospace and defense, healthcare
and medical, semiconductor and electronics, biomedical, and marine. ZPM
materials are also used in sporting goods, including Aldila's golf shafts
and Easton Sports baseball bats, bicycles and hockey sticks.

####

About Zyvex
Zyvex Corporation, based in Richardson, Texas, is a nanotechnology
leader with years of experience in high performance materials and advanced
instrumentation at the nanoscale. Zyvex carries its scientific
breakthroughs into key commercial applications in the areas of aerospace
and defense, healthcare and medical, Electronics and Semiconductor, and
Marine and Sporting Goods. Zyvex Performance Materials vision is to be the
leading supplier of performance materials that provide customers with
breakthrough technology and results through carbon nanomaterials.

For more information, please click here

Contacts:
Katharine Green
Director of Corporate
Communications

972.792.1620.

Copyright © PR Newswire Association LLC.

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