Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

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

Argon is not the 'dope' for metallic hydrogen March 24th, 2017

Promising results obtained with a new electrocatalyst that reduces the need for platinum: Researchers from Aalto University have succeeded in manufacturing electrocatalysts used for storing electric energy with one-hundredth of the amount of platinum that is usually needed March 24th, 2017

Leti Presents Advances in Propagation Modeling and Antenna Design for mmWave Spectrum: Paper Is One of 15 that Leti Presented at European Conference on Antennas and Propagation March 19-24 March 23rd, 2017

Rice U. refines filters for greener natural gas: New study defines best materials for carbon capture, methane selectivity March 23rd, 2017

Laboratories

Researchers develop groundbreaking process for creating ultra-selective separation membranes: Discovery could greatly improve energy-efficiency of separation and purification processes in the chemical and petrochemical industries March 15th, 2017

Discovery in new material raises questions about theoretical models of superconductivity March 13th, 2017

Perovskite edges can be tuned for optoelectronic performance: Layered 2D material improves efficiency for solar cells and LEDs March 10th, 2017

Imaging the inner workings of a sodium-metal sulfide battery for first time: Understanding how the structural and chemical makeup of the material changes during the charge/discharge process could help scientists advance battery design for future energy storage needs March 9th, 2017

Govt.-Legislation/Regulation/Funding/Policy

Argon is not the 'dope' for metallic hydrogen March 24th, 2017

Nanobiotix: The Independent Data Monitoring Committee Recommends the Continuation of the Ongoing Phase II/III Trial of NBTXR3 in Soft Tissue Sarcoma March 23rd, 2017

Rice U. refines filters for greener natural gas: New study defines best materials for carbon capture, methane selectivity March 23rd, 2017

Artificial photosynthesis steps into the light: Rice University lab turns transition metals into practical catalyst for solar, other applications March 23rd, 2017

Materials/Metamaterials

Argon is not the 'dope' for metallic hydrogen March 24th, 2017

Promising results obtained with a new electrocatalyst that reduces the need for platinum: Researchers from Aalto University have succeeded in manufacturing electrocatalysts used for storing electric energy with one-hundredth of the amount of platinum that is usually needed March 24th, 2017

Rice U. refines filters for greener natural gas: New study defines best materials for carbon capture, methane selectivity March 23rd, 2017

Artificial photosynthesis steps into the light: Rice University lab turns transition metals into practical catalyst for solar, other applications March 23rd, 2017

Announcements

Argon is not the 'dope' for metallic hydrogen March 24th, 2017

Promising results obtained with a new electrocatalyst that reduces the need for platinum: Researchers from Aalto University have succeeded in manufacturing electrocatalysts used for storing electric energy with one-hundredth of the amount of platinum that is usually needed March 24th, 2017

Rice U. refines filters for greener natural gas: New study defines best materials for carbon capture, methane selectivity March 23rd, 2017

Artificial photosynthesis steps into the light: Rice University lab turns transition metals into practical catalyst for solar, other applications March 23rd, 2017

Patents/IP/Tech Transfer/Licensing

Harris & Harris Group Issues Its Financial Statements as of December 31, 2016, Posts Its Annual Shareholder Letter, And Will Host a Conference Call for Shareholders on Friday, March 17, 2017 March 15th, 2017

Intertronics introduce new nanoparticle deagglomeration technology March 15th, 2017

Keystone Nano Announces The US FDA Has Awarded Orphan Drug Designation For Ceramides For The Treatment Of Liver Cancer November 8th, 2016

Leti to Tackle Tomorrow's Research Strategies with Stanford Universityís SystemX Alliance: French R&D Center Is the First Research Institute to Join the Collaboration and Provides Bridges Between Academia and Industry, Leveraging Allianceís Potential October 4th, 2016

Automotive/Transportation

Promising results obtained with a new electrocatalyst that reduces the need for platinum: Researchers from Aalto University have succeeded in manufacturing electrocatalysts used for storing electric energy with one-hundredth of the amount of platinum that is usually needed March 24th, 2017

CRMGroup in Belgium uses a Deben three point bending stage in the development of new steel & coated steel products for automotive and other industrial applications March 21st, 2017

New nanofiber marks important step in next generation battery development March 14th, 2017

TriboTEX Uses Nanotechnology to Improve the Efficiency of Old Vehicles March 13th, 2017

Aerospace/Space

Space energy technology restored to make power stations more efficient: Scientists use graphene to reinvent abandoned heat energy converter technology March 7th, 2017

Applied Graphene Materials plc - Significant commercial progress in AGMís three core sectors March 3rd, 2017

Triboelectric Nanogenerators Boost Mass Spectrometry Performance March 1st, 2017

EmTech Asia breaks new barriers with potential applications of space exploration with NASA and MIT February 22nd, 2017

Alliances/Trade associations/Partnerships/Distributorships

AIM Photonics Welcomes Coventor as Newest Member: US-Backed Initiative Taps Process Modeling Specialist to Enable Manufacturing of High-Yield, High-Performance Integrated Photonic Designs March 16th, 2017

Applied Graphene Materials plc - Significant commercial progress in AGMís three core sectors March 3rd, 2017

Strem Chemicals and Dotz Nano Ltd. Sign Distribution Agreement for Graphene Quantum Dots Collaboration February 21st, 2017

Leti Coordinating Project to Adapt Obstacle-Detection Technology Used in Autonomous Cars for Portable and Wearable Systems: INSPEX to Combine Knowhow of Nine European Organizations to Create Portable and Wearable Spatial-Exploration Systems February 2nd, 2017

Acquisitions/Mergers/Splits

Bruker Announces Acquisition of Nanoindenting Leader Hysitron: Acquisition strengthens Brukerís leading position in nanoanalysis and nanomechanical materials characterization January 24th, 2017

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

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