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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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