Home > Press > VeruTEK Technologies and QuantumSphere, Inc. Announce Product Development and Marketing Partnership
Partnership Aims to Leverage Advanced Materials for Environmental Remediation Applications with Strong Demand
VeruTEK Technologies and QuantumSphere, Inc. Announce Product Development and Marketing Partnership
GLASTONBURY, CT | Posted on July 11th, 2007
VeruTEK Technologies, Inc. (OTCBB:VTKT) and QuantumSphere, Inc. (QSI) announced today that the companies have formed a strategic partnership to develop new environmental remediation solutions. Under the terms of the agreement, VeruTEK will utilize QSI's high-performance nano catalysts and its own natural surfactants to develop a new family of Coelution Technologies capable of cleaning up specific contaminants in soil and groundwater. QSI will supply testing materials and nanomaterials expertise to facilitate development of these remedial applications.
This partnership enables VeruTEK to extend its product line and ability to remediate hazardous sites plagued with specific types of organic contaminants. According to the EPA there are hundreds of thousands of contaminated sites in the U.S. alone. QSI gains the opportunity to utilize its nano catalysts in an emerging multi-billion dollar "in situ" environmental remediation market. Additionally, QSI will promote to its customers the newly developed Coelution Technologies for remediation applications utilizing QSI- Nano® catalysts.
"The quality of QuantumSphere's nano catalysts is unmatched in the marketplace," said Dr. John Collins, CEO for VeruTEK. "They provide the ideal match for our proprietary green surfactants and we are excited about the potential for these new solutions and the ability they will give us to target and clean up specific types of contaminants and sites."
"VeruTEK's advanced technology is redefining the remediation market with existing and ‘next-generation' nano-enabled solutions. We look forward to a mutually beneficial partnership that allows both companies to further penetrate additional markets with large potential," said Kevin D. Maloney, president and chief executive officer of QuantumSphere.
About VeruTEK Technologies, Inc.
VeruTEK (OTCBB:VTKT) provides proprietary, patent-pending, green nanotechnology solutions for cleaning up the environment. For more information, please visit http://www.verutek.com .
About QuantumSphere, Inc.
QuantumSphere (QSI) is a leading manufacturer of advanced materials for a wide array of clean-energy, defense, electronics, and other high-value applications. Backed by a strong intellectual property portfolio, the company has demonstrated breakthrough results with high-performance nano catalysts for use in emerging multi-billion dollar markets such as batteries, ultracapacitors, fuel cells, and hydrogen generation. For more information, please visit http://www.qsinano.com .
Safe Harbor Statement
The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
For more information, please click here
VeruTEK Technologies, Inc.
Jim Carini, 312-953-8319
Kevin Maloney, 714-545-6266
Copyright © Business Wire 2007
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Terabyte Photonic Dataset Sale July 30th, 2014
Zenosense, Inc. July 29th, 2014
Optimum inertial design for self-propulsion: A new study investigates the effects of small but finite inertia on the propulsion of micro and nano-scale swimming machines July 29th, 2014
A new way to make microstructured surfaces: Method can produce strong, lightweight materials with specific surface properties July 29th, 2014
Iranian Scientists Use Waste Cotton Fibers to Produce Cellulose Nanoparticles July 29th, 2014
Production of Toxic Gas Sensor Based on Nanorods July 28th, 2014
Researchers Use Various Zinc Oxide Nanostructures to Boost Efficiency of Water Purification Process July 13th, 2014
Using Sand to Improve Battery Performance: Researchers develop low cost, environmentally friendly way to produce sand-based lithium ion batteries that outperform standard by three times July 8th, 2014
SouthWest NanoTechnologies Names NanoSperse as A SWeNT Certified Compounder July 29th, 2014
ACS Biomaterials Science & Engineering™: Brand-new journal names editor July 29th, 2014
A*STAR and industry form S$200M semiconductor R&D July 25th, 2014
Organometallics welcomes new editor-in-chief: Paul Chirik, Ph.D. July 22nd, 2014