- About Us
- Career Center
- Nano-Social Network
- Nano Consulting
- My Account
Nano-Proprietary, Inc. (OTCBB: NNPP) announced that its subsidiary, Applied Nanotech, Inc. ("ANI"), has agreed to solidify its relationship with Mitsui & Co., Ltd. The parties agreed to extend the option agreement and continue negotiations toward the framework of a master practical relationship and agreement. This represents the next step in the development of ANI's relationship with Mitsui. See press releases dated March 6, 2007 and July 27, 2007.
Under the proposed structure, Mitsui will hold a contingent license, locking in the terms under which Mitsui will be able to extend sublicenses to its prospects. Mitsui has paid a fee to protect their position as the exclusive master license holder by continuing the current option agreement until July 31, 2008. At that time, the existing option agreement will terminate. During the next three months the companies intend to jointly expedite the discussions with potential sublicensees already identified by Mitsui. The proposed master practical agreement may include an exclusive agency agreement and/or an exclusive license agreement. The parties intend to continuously monitor the sublicensing process and adjust their understanding and activities accordingly.
"I am pleased that this relationship is moving in the direction of Mitsui becoming our exclusive licensee for lighting products with several sublicense relationships," said Thomas F. Bijou, Chairman and Chief Executive Officer of Nano-Proprietary, Inc.
About Nano-Proprietary, Inc.
Nano-Proprietary, Inc. is a holding company consisting of two wholly owned operating subsidiaries. Applied Nanotech, Inc. is a premier research and commercialization organization dedicated to developing applications for nanotechnology with an extremely strong position in the fields of electron emission applications from carbon film/nanotubes, sensors, functionalized nanomaterials, and nanoelectronics. Electronic Billboard Technology, Inc. (EBT) possesses technology related to electronic digitized sign technology. The Companies have over 250 patents or patents pending. Nano-Proprietary's business model is to license its technology to partners that will manufacture and distribute products using the technology. Nano-Proprietary's website is www.nano-proprietary.com.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that involve risks and uncertainties concerning Nano-Proprietary's business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results are included in Nano-Proprietary's annual report on Form 10-K for the fiscal year ended December 31, 2007, and in reports subsequently filed by Nano-Proprietary with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval System (EDGAR) at www.sec.gov or from Nano-Proprietary's website listed below. Nano-Proprietary hereby disclaims any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.
For more information, please click here
Chief Financial Officer
William J. Spina
Copyright © MarketwireIf you have a comment, please Contact us.
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
|Related News Press|
News and information
New 'ukidama' nanoparticle structure revealed June 14th, 2016
Programmable materials find strength in molecular repetition May 23rd, 2016
FEI and University of Liverpool Announce QEMSCAN Research Initiative: University of Liverpool will utilize FEIís QEMSCAN technology to gain a better insight into oil and gas reserves & potentially change the approach to evaluating them June 22nd, 2016
French Research Team Helps Extend MRI Detection of Diseases & Lower Health-Care Costs: CEA, INSERM and G2ELab Brings Grenoble Regionís Expertise In Advanced Medicine & Magnetism Applications to H2020 IDentIFY Project June 21st, 2016