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Arrowhead Research (NASDAQ: ARWR)announced today that its majority owned subsidiary, Unidym, has entered an agreement with a major liquid crystal display (LCD) manufacturer to integrate carbon nanotube-based products into display applications.
"The market for flat panel displays is over eighty billion dollars
annually, and we are now working with one of the world's leaders,"
remarked Art Swift, CEO of Unidym. "We expect our products to reduce
manufacturing costs and improve image quality in flat panel
Under the terms of the agreement, Unidym will work with the customer
to integrate its products into the customer's manufacturing process.
Upon conclusion of the development effort, the parties intend to
enter a commercial relationship.
About Arrowhead Research Corporation
Arrowhead Research Corporation (www.arrowheadresearch.com) is a
publicly-traded nanotechnology company commercializing new
technologies in the areas of life sciences, electronics, and energy.
Arrowhead is building value for shareholders through the progress of
majority owned subsidiaries founded on nanotechnologies originally
developed at universities. The company works closely with
universities to source early stage deals and to generate rights to
intellectual property covering promising new nanotechnologies.
Currently, Arrowhead has four subsidiaries commercializing nanotech
products and applications, including anti-cancer drugs, RNAi
therapeutics, carbon-based electronics and compound semiconductor
About Unidym, Inc.
Unidym (www.unidym.com) is a leader in the manufacture and
application of carbon nanotubes (CNTs), a novel material with
extraordinary electrical, thermal, and mechanical properties. Unidym
provides bulk materials, CNT-enabled products, and intellectual
property to a wide range of customers and business partners. As a
result of its recent merger with CNI, Unidym possesses a foundational
patent portfolio that covers nearly every aspect of CNT manufacturing
and processing as well as multiple product applications.
Unidym is focused on the electronics industry where its initial
products include transparent electrodes for touch screens, flat panel
displays, solar cells, and solid state lighting; electrodes for fuel
cells; and thin film transistors for printable electronics. Unidym is
also pursuing an aggressive, cross-industry partnership strategy to
capture value from the wide ranging uses of CNTs. Unidym's licensing
program, technical expertise and manufacturing facilities can enable
partners to rapidly develop CNT solutions for their specific
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995
This news release contains forward-looking statements within the
meaning ofthe "safe harbor" provisions of the Private Securities
Litigation Reform Actof 1995. These statements are based upon our
current expectations and speak onlyas of the date hereof. Our actual
results may differ materially and adversely from those expressed in
any forward-looking statements as a result of various factorsand
uncertainties, including the future success of our scientific
studies, our ability to successfully develop products, rapid
technological change in our markets, changes in demand for our future
products, legislative, regulatory and competitive developments and
general economic conditions. Our Annual Report on Form 10-K and
10-K/A, recent and forthcoming Quarterly Reports on Form 10-Q and
10-Q/A, recent Current Reports on Forms 8-K and 8-K/A, our
Registration Statement on Form S-3, and other SEC filingsdiscuss some
of the important risk factors that may affect our business, results
of operations and financial condition. We undertake no obligation to
revise or update publicly any forward-looking statements for any
For more information, please click here
Art Swift, CEO
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