Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Manhattan Scientifics Acquires Metallicum, Inc.

Abstract:
Advanced Metals Technologies from Los Alamos National Laboratory Aluminum as Strong as Steel

Manhattan Scientifics Acquires Metallicum, Inc.

LOS ALAMOS, NM | Posted on July 2nd, 2008

Manhattan Scientifics (Pink Sheets: MHTX) announced today that it has acquired Metallicum, Inc. and
its licensed patented technology. The announcement came from MHTX's affiliate
Albuquerque factory, where New Mexico Senator Jeff Bingaman said, "I believe
the merger of Manhattan Scientifics with Metallicum will have a very positive
effect on New Mexico and the country. The lightweight nano metals the company
will produce will have the potential to revolutionize a whole range of
industries, from transportation to health care. This merger is another great
example of how our national laboratories can partner with the private sector
and create vital jobs while meeting some of our nation's most pressing needs."

The transaction includes all of Metallicum's licensed intellectual
property related to the design and high-volume nano-fabrication of
nano-structuring metals for medical components as well as for transportation
applications. The Company intends to establish manufacturing partner
relationships with major Fortune 500 metals companies. "Our business plan
includes strategic partnering with significant customers in the medical device
& prosthetics industries as well as in auto, truck, & aircraft manufacturing
industries," said Marvin Maslow, founder & chairman emeritus of Manhattan
Scientifics. "We are working towards regaining our full-reporting SEC status
and trading on the OTC board."

Company CEO Manny Tsoupanarias commented, "With the acquisition of
Metallicum, Manhattan Scientifics is re-inventing itself as a 'green company.'
This move is intended to enable us to accomplish our goal of profitability for
our shareholders."

The Metallicum division will produce and license the super strong metals
using nano-technology developed by scientists at Los Alamos National
Laboratory in conjunction with their colleagues in Russia. "The advantages are
easy to understand because a stronger metal means using less material for the
same purpose. Less material translates to lighter weight and reduced
environmental impact. For example, a lighter weight car uses less gas," said
Terry Lowe, Ph.D., co-inventor of the nano-structured metals process,
president and chief scientist of the Metallicum division. Lowe continued, "A
lightweight industrial metal, like aluminum, can be manufactured to have the
strength of steel. The technology is expected to trim thousands of pounds from
airplanes and hundreds of pounds from cars without sacrificing structural
strength or adding significant cost. The fuel savings to the American public
will be significant as will the number of jobs created for Americans,
particularly in New Mexico."

Dr. Lowe added, "A big airplane like a B747 has about 100,000 pounds of
titanium in its construction. We believe our nano metals could reduce that
weight by about 5% or 5,000 pounds."(1)

The nanostructured metals have wide implications for use in the medical
device and prosthetics industries including dental implants, replacements for
hips, shoulders, knees and cardio vascular stents. Clinical studies have
already shown that bone integrates with these new metals up to 20 times
faster. This means faster healing after surgery and ultimately longer
lifetimes for nano-structured metals implants. Maslow added, "People are
living longer and we need new parts. The biological acceptance of Nano
Titanium by the human body is stunning."

Donald J. Sandstrom, a member of the MHTX science team and former senior
leader of Materials Science and Technology Division at the Los Alamos
Laboratory added, "New technologies are the life blood of the American
society. During the most recent decades the technological achievements in
electronics, beginning with the transistor, and the computer have all been
driven by some new material, or understanding of materials behavior that has
allowed these advances to be made. We are now poised on the edge of another
exceptional materials breakthrough. Nanomaterials promise to lead the way in
the improvement in structural materials, materials for wear resistance, and
most recently, biomaterials and nano-structured titanium will lead the way!"

The nano-structuring process was developed through a U.S. Department of
Energy program that brings together its national laboratories, U.S. companies,
and FSU institutes to redirect the efforts of scientists who formerly worked
on nuclear weapons and related military technologies.

####

About Manhattan Scientifics, Inc.
Manhattan Scientifics, Inc., www.mhtx.com, is located in New
Mexico, New York, and Montreal. It is developing and plans to acquire
technologies in a variety of environmentally friendly energy and other
people-friendly industries. Copies of Manhattan Scientifics' press releases
and related investor information may also be found at
www.hawkassociates.com.

This press release contains forward-looking statements. Such
forward-looking statements are subject to a number of risks, assumptions and
uncertainties that could cause the Company's actual results to differ
materially from those projected in such forward-looking statements.
Forward-looking statements speak only as of the date made and are not
guarantees of future performance. We undertake no obligation to publicly
update or revise any forward-looking statements.

(1) In a New York Times article dated June 6, 2008, "To Save Fuel,
Airlines Find no Speck Too Small," Tim McGraw, Northwest's director
of corporate environmental and safety programs said, "every 25 pounds
we remove, we save $440,000," when questioned on weight related jet
fuel costs and savings.

Please see New York Times article link:
www.nytimes.com/2008/06/11/business/11air.html?ex=1213761600&en=b701d49361c4fac2&ei=5070&emc=eta1

For more information, please click here

Copyright © PR Newswire Association LLC.

If 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.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Nanotechnology and math deliver two-in-one punch for cancer therapy resistance June 24th, 2016

Researchers discover new chemical sensing technique: Technique allows sharper detail -- and more information -- with near infrared light June 24th, 2016

GraphExeter illuminates bright new future for flexible lighting devices June 23rd, 2016

Soft decoupling of organic molecules on metal June 23rd, 2016

Laboratories

Titan shines light on high-temperature superconductor pathway: Simulation demonstrates how superconductivity arises in cuprates' pseudogap phase June 22nd, 2016

Discovery of gold nanocluster 'double' hints at other shape-changing particles: New analysis approach brings two unique atomic structures into focus June 19th, 2016

Efficient hydrogen production made easy: Sticking electrons to a semiconductor with hydrazine creates an electrocatalyst June 17th, 2016

Discovery of gold nanocluster 'double' hints at other shape changing particles: New analysis approach brings two unique atomic structures into focus June 15th, 2016

Govt.-Legislation/Regulation/Funding/Policy

Particle zoo in a quantum computer: First experimental quantum simulation of particle physics phenomena June 23rd, 2016

New electron microscope method detects atomic-scale magnetism June 22nd, 2016

Tailored DNA shifts electrons into the 'fast lane': DNA nanowire improved by altering sequences June 22nd, 2016

Titan shines light on high-temperature superconductor pathway: Simulation demonstrates how superconductivity arises in cuprates' pseudogap phase June 22nd, 2016

Materials/Metamaterials

Coexistence of superconductivity and charge density waves observed June 23rd, 2016

GraphExeter illuminates bright new future for flexible lighting devices June 23rd, 2016

Soft decoupling of organic molecules on metal June 23rd, 2016

Tailored DNA shifts electrons into the 'fast lane': DNA nanowire improved by altering sequences June 22nd, 2016

Announcements

Nanotechnology and math deliver two-in-one punch for cancer therapy resistance June 24th, 2016

Researchers discover new chemical sensing technique: Technique allows sharper detail -- and more information -- with near infrared light June 24th, 2016

GraphExeter illuminates bright new future for flexible lighting devices June 23rd, 2016

Soft decoupling of organic molecules on metal June 23rd, 2016

Patents/IP/Tech Transfer/Licensing

New 'ukidama' nanoparticle structure revealed June 14th, 2016

Rice wins award to recruit cancer researcher: $2 million CPRIT grant aims to bring MIT researcher Omid Veiseh to Houston June 7th, 2016

Nanobiotix receives US$1m milestone payment from PharmaEngine: First patient injected with NBTXR3 in soft tissue sarcoma registration phase in Asia May 31st, 2016

Programmable materials find strength in molecular repetition May 23rd, 2016

Automotive/Transportation

Artificial synapse rivals biological ones in energy consumption June 21st, 2016

Marrying superconductors, lasers, and Bose-Einstein condensates: Chapman University Institute for Quantum Studies (IQS) member Yutaka Shikano, Ph.D., recently had research published in Scientific Reports June 20th, 2016

Stanford researchers find new ways to make clean hydrogen and rechargable zinc batteries June 18th, 2016

Ensuring the future affordability of wind turbines, computers and electric cars June 2nd, 2016

Aerospace/Space

Novel capping strategy improves stability of perovskite nanocrystals: Study addresses instability issues with organometal-halide perovskites, a promising class of materials for solar cells, LEDs, and other applications June 13th, 2016

Quantum satellite device tests technology for global quantum network: Singapore-built satellite makes and measures light particles pair by pair June 3rd, 2016

Deep Space Industries and SFL selected to provide satellites for HawkEye 360ís Pathfinder mission: The privately-funded space-based global wireless signal monitoring system will be developed by Deep Space Industries and UTIAS Space Flight Laboratory May 26th, 2016

Rice de-icer gains anti-icing properties: Dual-function, graphene-based material good for aircraft, extreme environments May 23rd, 2016

Alliances/Trade associations/Partnerships/Distributorships

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

Research showing why hierarchy exists will aid the development of artificial intelligence June 13th, 2016

UK NANOSAFETY GROUP publishes 2nd Edition of guidance to support safe working with nanomaterials May 30th, 2016

Acquisitions/Mergers/Splits

GLOBALFOUNDRIES Completes Acquisition of IBM Microelectronics Business: Transaction adds differentiating technologies, world-class technologists, and intellectual property July 1st, 2015

Entest BioMedical, Inc. in Discussions to Acquire Nanotechnology Delivery System for Cancer Therapy June 3rd, 2015

Evident Thermoelectrics Acquires GMZ Energy: Investment Accelerates Launch Of Evident's Thermoelectric Modules For Waste Heat May 20th, 2015

Keysight Technologies Begins Trading as Independent Company November 3rd, 2014

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic