Nanotechnology Now





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Applied Nanotech Licenses Solar Ink Technology to Sichuan Anxian Yinhe Construction and Chemical Group ("YHCC")

Abstract:
Applied Nanotech Holdings, Inc. (OTCBB:APNT) is pleased to announce that it has signed a license agreement for its solar ink and paste technology with YHCC. This is the first license agreement to arise out of the strategic relationship with YHCC previously announced in February 2011.

Applied Nanotech Licenses Solar Ink Technology to Sichuan Anxian Yinhe Construction and Chemical Group ("YHCC")

Austin, TX | Posted on July 19th, 2011

Under the terms of the license, Applied Nanotech will receive an upfront payment of $2.0 million and an ongoing royalty of 3% on sales of solar inks and pastes by YHCC. The first $1.5 million of the upfront payment is payable no later than August, 2011. The remaining $500,000 is payable in April, 2012, assuming certain technical specifications have been met. The license agreement grants YHCC an exclusive license for Applied Nanotech's solar ink and paste technology in Asia, excluding Korea and Japan.

YHCC has begun construction on a manufacturing facility to produce solar inks in its technical park in China. Applied Nanotech's aluminum pastes are the first products that YHCC will begin producing and is expected to be manufacturing and selling these pastes in 2012.

This license agreement gives Applied Nanotech exposure to the fast growing solar manufacturing market in Asia. The photovoltaic solar industry generated $82 billion in global revenues in 2010, with Asia dominating the solar manufacturing marketplace and China alone manufacturing nearly 60% of the worldwide solar cells in 2010.

Applied Nanotech's solar inks will be the first products introduced in the strategic partnership with YHCC. The parties are continuing discussions related to other collaboration opportunities.

"YHCC has shown a tremendous amount of interest in our solar inks since we began developing our relationship. We are pleased that YHCC has recognized the disruptive nature of our technology and have committed to make the commercialization of our solar inks the highest priority," commented Dr. Zvi Yaniv, CEO of Applied Nanotech, Inc.

"We are pleased to have completed the first license agreement with YHCC, which marks our third licensee that will have products in the market and generating royalties in 2012," said Doug Baker, CEO of Applied Nanotech Holdings, Inc.

####

About Applied Nanotech Holdings, Inc.
Applied Nanotech Holdings, Inc. is a premier research and commercialization organization focused on solving problems at the molecular level. Its team of PhD level scientists and engineers work with companies and other organizations to solve technical impasses and create innovations that will create a competitive advantage. The business model is to license patents and technology to partners that will manufacture and distribute products using the technology. Applied Nanotech has over 300 patents or patents pending. Applied Nanotech's website is www.appliednanotech.net.

ABOUT SICHUAN ANXIAN YINHE CONSTRUCTION AND CHEMICAL GROUP CO., LTD ("YHCC")

Located in Anxian County, near Mianyang in Sichuan Province, China, YHCC currently operates through 9 separate subsidiaries located in three specialized industrial parks, occupying over 3,000 acres (700 U.S. acres). YHCC's website is http://www.yhcc.com/en/.

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that involve risks and uncertainties concerning our business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results are included in our annual report on Form 10-K for the fiscal year ended December 31, 2010, and in reports subsequently filed by us with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval System (EDGAR) at www.sec.gov or from our website listed above. We hereby disclaim any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.

For more information, please click here

Contacts:
Doug Baker
Applied Nanotech Holdings, Inc.
248.391.0612

Copyright © GlobeNewswire, Inc.

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

Visible Light-Sensitive Photocatalysts Used for Purification of Contaminated Water in Iran June 30th, 2015

June 29th, 2015

Efforts to Use Smart Nanocarriers to Cure Leukemia Yield Promising Results June 29th, 2015

Making new materials with micro-explosions: ANU media release: Scientists have made exotic new materials by creating laser-induced micro-explosions in silicon, the common computer chip material June 29th, 2015

Announcements

Visible Light-Sensitive Photocatalysts Used for Purification of Contaminated Water in Iran June 30th, 2015

June 29th, 2015

Efforts to Use Smart Nanocarriers to Cure Leukemia Yield Promising Results June 29th, 2015

Making new materials with micro-explosions: ANU media release: Scientists have made exotic new materials by creating laser-induced micro-explosions in silicon, the common computer chip material June 29th, 2015

Patents/IP/Tech Transfer/Licensing

Solegear Further Strengthens its Product Development Team: New Hire Seeks to Create New, Disruptive, Sustainable Materials June 17th, 2015

High-tech nanofibres could help nutrients in food hit the spot June 17th, 2015

VP: Iran Ranks 15th in World in Producing Science, 7th in Nanotechnology June 13th, 2015

Paper Published on Keystone Nano’s Ceramide Nanoliposome Program June 11th, 2015

Energy

Visible Light-Sensitive Photocatalysts Used for Purification of Contaminated Water in Iran June 30th, 2015

The Hydrogen-Fuel cell will revolutionize the economy of the world: New non-platinum and nanosized catalyst for polymer electrolyte fuel cell June 29th, 2015

June 29th, 2015

Making new materials with micro-explosions: ANU media release: Scientists have made exotic new materials by creating laser-induced micro-explosions in silicon, the common computer chip material June 29th, 2015

Solar/Photovoltaic

Making new materials with micro-explosions: ANU media release: Scientists have made exotic new materials by creating laser-induced micro-explosions in silicon, the common computer chip material June 29th, 2015

Spain nanotechnology featured at NANO KOREA 2015 June 26th, 2015

Stanford researchers stretch a thin crystal to get better solar cells June 25th, 2015

Toward tiny, solar-powered sensors: New ultralow-power circuit improves efficiency of energy harvesting to more than 80 percent June 23rd, 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