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Home > News > Durham science firm faces race against time to survive

December 7th, 2009

Durham science firm faces race against time to survive

Abstract:
Directors of a science firm which has been thrown into crisis are in a race against time to raise the 500,000 needed to secure its future.

Bosses at nanotechnology firm ANTnano, based County Durham, say they have until Christmas to raise the investment needed to make a last-ditch rescue of the business.

The Sedgefield company was forced to axe its 16-strong workforce - made up almost entirely of North East PhD graduates - last week after trading of its shares was suspended due to a major cash flow problem.

Source:
nebusiness.co.uk

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