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

Nanoparticles present sustainable way to grow food crops May 1st, 2016

Searching for a nanotech self-organizing principle May 1st, 2016

Clay nanotube-biopolymer composite scaffolds for tissue engineering May 1st, 2016

Cooling graphene-based film close to pilot-scale production April 30th, 2016

Laboratories

Exploring phosphorene, a promising new material April 29th, 2016

NREL finds nanotube semiconductors well-suited for PV systems April 27th, 2016

NREL theory establishes a path to high-performance 2-D semiconductor devices April 27th, 2016

Brookhaven's Oleg Gang Named a Battelle 'Inventor of the Year': Recognized for work using DNA to guide and regulate the self-assembly of nanoparticles into clusters and arrays with controllable properties April 25th, 2016

Govt.-Legislation/Regulation/Funding/Policy

Clay nanotube-biopolymer composite scaffolds for tissue engineering May 1st, 2016

Cooling graphene-based film close to pilot-scale production April 30th, 2016

Personal cooling units on the horizon April 29th, 2016

Exploring phosphorene, a promising new material April 29th, 2016

Materials/Metamaterials

Clay nanotube-biopolymer composite scaffolds for tissue engineering May 1st, 2016

Exploring phosphorene, a promising new material April 29th, 2016

Hybrid nanoantennas -- next-generation platform for ultradense data recording April 28th, 2016

Atomic magnets using hydrogen and graphene April 27th, 2016

Announcements

Nanoparticles present sustainable way to grow food crops May 1st, 2016

Clay nanotube-biopolymer composite scaffolds for tissue engineering May 1st, 2016

Cooling graphene-based film close to pilot-scale production April 30th, 2016

Personal cooling units on the horizon April 29th, 2016

Patents/IP/Tech Transfer/Licensing

System creates on-demand 'nanotube forests,' has potential industry applications April 20th, 2016

Smaller. Cheaper. Better. Iron nitride transformers developed at Sandia could boost energy storage options March 28th, 2016

Correction: Solar fuels: Protective layer for the 'artificial leaf' March 22nd, 2016

New nanoparticle technology to decipher structure and function of membrane proteins March 9th, 2016

Automotive/Transportation

New spin Seebeck thermoelectric device with higher conversion efficiency created April 26th, 2016

All powered up: UCI chemists create battery technology with off-the-charts charging capacity April 21st, 2016

Ruthenium nanoframes open the doors to better catalysts April 4th, 2016

Heat and light get larger at the nanoscale: Columbia-led research team first to demonstrate a strong, non-contact heat transfer channel using light with performances that could lead to high efficiency electricity generation April 2nd, 2016

Aerospace/Space

Physicists detect the enigmatic spin momentum of light April 26th, 2016

Team builds first quantum cascade laser on silicon: Eliminates the need for an external light source for mid-infrared silicon photonic devices or photonic circuits April 21st, 2016

All powered up: UCI chemists create battery technology with off-the-charts charging capacity April 21st, 2016

Acclaimed Science Fiction Author Dr. Jerry Pournelle Wins the National Space Society Robert A. Heinlein Award April 13th, 2016

Alliances/Trade associations/Partnerships/Distributorships

Electrically Conductive Graphene Ink Enables Printing of Biosensors April 23rd, 2016

Leti Extends Collaboration with Qualcomm on CoolCubeTM 3D Integration Technology for High-Density, High-Performance ICs: Collaboration Goals Include Building an Ecosystem To Take the Chip-stacking Technology from Design to Fabrication April 13th, 2016

FEI Partners with Five Pharmaceutical Companies, the Medical Research Council and the University of Cambridge to form Cryo-EM Research Consortium April 5th, 2016

Strem Chemicals and SONA Nanotech Sign Distribution Agreement for the World’s First Gold Nanorods Synthesized without CTAB February 24th, 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