Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Lockheed Martin Acquires Nantero, Inc.'s Government Business Unit

Abstract:
Lockheed Martin Corporation (NYSE: LMT) has acquired the government business unit of Nantero, Inc. ("Nantero"). Nantero is a privately-held, Massachusetts-based company that has developed methods and processes for incorporating carbon nanotubes in next-generation electronic devices. Additionally, Lockheed Martin has entered an exclusive license arrangement with Nantero for government applications of Nantero's extensive intellectual property portfolio. Approximately 30 employees will join Lockheed Martin as part of the purchase of Nantero's government business unit.

Lockheed Martin Acquires Nantero, Inc.'s Government Business Unit

BETHESDA, MD | Posted on August 13th, 2008

Nantero has successfully produced carbon nanotube devices in a commercial semiconductor fabrication process. The company's government business unit is developing nanotechnology-enabled devices (e.g., memory, logic and sensors) for use in a variety of military and intelligence applications. Terms of the transaction were not disclosed.

Lockheed Martin's Advanced Technology Center, a unit of Lockheed Martin Space Systems Company, will manage the Nantero unit. "Lockheed Martin is already a leader in the research, development and application of nanotechnology to future military and intelligence applications," said Joanne Maguire, Executive Vice President of Lockheed Martin's Space Systems Business Area. "This transaction represents a solid strategic fit. It provides an important set of capabilities and will accelerate our product applications, enabling us to offer a broader portfolio of solutions to our customers, and to enhance shareholder value."

Greg Schmergel, Nantero's Co-founder and CEO, said, "We are proud of the success our government business unit has had, which will now be even greater as part of Lockheed Martin. This transaction provides Nantero with increased resources and strategic focus to achieve our goals in the commercial memory space."

Dr. Brent Segal, Nantero's Co-founder and Chief Operating Officer, who will be joining Lockheed Martin, said "We are very pleased to join Lockheed Martin and look forward to applying our carbon nanotube technologies to a broader array of programs and customer requirements. This will enhance capabilities for our customers and provide exciting opportunities for our exceptionally talented employees."

Lockheed Martin recognizes the critical importance of nanotechnology to its current and future portfolio of products and services. Direct benefits of nanotechnology for government customers could include stronger, lighter and less expensive materials; more capable systems; and enhanced personal protection for military and first responders. Through partnerships with small businesses and universities, Lockheed Martin is leveraging its own investment in nanotechnology to develop innovative solutions for the most demanding technological challenges.

####

About Lockheed Martin Corporation
Headquartered in Bethesda, MD, Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2007 sales of $41.9 billion.

Lockheed Martin Safe Harbor Statement / Forward-Looking Statements:

Some of the statements contained in this press release may be considered "forward-looking statements" under the federal securities laws. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to the risk that the transaction may close later than expected or not at all and other risks and uncertainties detailed from time to time in Lockheed Martin Corporation’s filings with the United States Securities and Exchange Commission. All information in this release is as of August 13, 2008. Lockheed Martin disclaims any duty to update forward-looking statements to reflect subsequent events, actual results or changes in expectations.

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

Oxford Instruments’ Triton Cryofree dilution refrigerator selected by Oxford University for developing scalable quantum nanodevices September 2nd, 2015

JEOL Introduces New Best-in-Class Field Emission SEM September 2nd, 2015

TCL and QD Vision Demonstrate the Future of Wide Color Gamut Television at IFA: Color IQ Based Display is the First Commercially-Branded Television to Present Over 90% of ITU Rec. 2020 Color Gamut September 2nd, 2015

Atomic Force Microscopes from Asylum Research Guide the Development of Thin Film Deposition and Etch Processes September 2nd, 2015

Govt.-Legislation/Regulation/Funding/Policy

For 2-D boron, it's all about that base: Rice University theorists show flat boron form would depend on metal substrates September 2nd, 2015

Silk bio-ink could help advance tissue engineering with 3-D printers September 2nd, 2015

A marine creature's magic trick explained: Crystal structures on the sea sapphire's back appear differently depending on the angle of reflection September 2nd, 2015

Sustainable nanotechnology center September 1st, 2015

Announcements

For 2-D boron, it's all about that base: Rice University theorists show flat boron form would depend on metal substrates September 2nd, 2015

Silk bio-ink could help advance tissue engineering with 3-D printers September 2nd, 2015

Phagraphene, a 'relative' of graphene, discovered September 2nd, 2015

A marine creature's magic trick explained: Crystal structures on the sea sapphire's back appear differently depending on the angle of reflection September 2nd, 2015

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