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.
Device invented at Johns Hopkins provides up-close look at cancer on the move: Microscopic view of metastasis could give insight about how to keep cancer in check October 31st, 2014
First Observation of Electronic Structure in Ag-Rh Alloy Nanoparticles Having Hydrogen Absorbing: Storage Property –Attempting to solve the mystery of why Ag-Rh alloy nanoparticles have a similar property to Pd– October 30th, 2014
Iranians Present Model to Predict Photocatalytic Process in Removal of Pollutants October 30th, 2014
Production of Biocompatible Polymers in Iran October 30th, 2014
Microrockets fueled by water neutralize chemical and biological warfare agents October 29th, 2014
Nanoparticles Display Ability to Improve Efficiency of Filters October 28th, 2014
Iranian, Malaysian Scientists Study Nanophotocatalysts for Water Purification October 23rd, 2014
Imaging electric charge propagating along microbial nanowires October 20th, 2014
'Electronic skin' could improve early breast cancer detection October 29th, 2014
European Commission opens the gate towards the implementation of Nanomedicine Translation Hub October 16th, 2014
IRLYNX and CEA-Leti to Streamline New CMOS-based Infrared Sensing Modules Dedicated to Human-activities Characterization October 15th, 2014
New VDMA Association "Electronics, Micro and Nano Technologies" founded: Inaugural Meeting in Frankfurt/Main, Germany October 15th, 2014