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April 8th, 2007
The future of one of Britain's leading nanotechnology companies is in doubt amid a legal battle over one of its key products and the near-collapse of its biggest contract with a national oil and gas company.
Oxonica, a technology company listed on the Alternative Investment Market (AIM), makes Envirox — a product designed to boost the efficiency of diesel fuel. Envirox is used in the fleet of buses operated by Stagecoach, the British national bus company, which also owns two million shares in Oxonica. The nanotechnology company is also one of the stable backed by Richard Farleigh, the Australian businessman and star of BBC2's Dragon's Den.
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