Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Nanocomp Technologies and DuPont Form Strategic Relationship: Materials science giant participates in Series C financing, taps Nanocomp as partner for next-generation armor and lightweight core structures

Abstract:
Nanocomp Technologies, Inc., a developer of performance materials and component products from carbon nanotubes (CNTs), today announced it has entered into a financial and strategic development relationship with DuPont (NYSE: DD). In addition to participating in Nanocomp's current financing round, DuPont has agreed to work with Nanocomp to develop products utilizing its CNT sheet and yarn materials together with offerings from the DuPont Protection Technologies business unit, in support of further advancing ballistics protection and core structure applications for their markets.

Nanocomp Technologies and DuPont Form Strategic Relationship: Materials science giant participates in Series C financing, taps Nanocomp as partner for next-generation armor and lightweight core structures

Concord, NH | Posted on August 9th, 2012

With this announcement, DuPont becomes the latest entity to participate in Nanocomp's larger, $25 million Series C investment round from a syndicate of current and new strategic investors, expected to close later this year. Nanocomp will use the funding to expand its manufacturing capacity and underwrite market expansion, as it completes transition into a new, volume production facility in Merrimack, N.H. Nanocomp's CNT yarn and sheet products are finding use in advanced components in a number of critical U.S. Department of Defense and NASA programs.

"It goes without saying that DuPont brings significant value beyond capital in the form of research, development expertise as well as market access and commercialization support," said Peter Antoinette, president and CEO of Nanocomp Technologies. "This new relationship heralds the break-out phase of our company. Along with the recent selection of the company by the U.S. Department of Defense to supply materials for its programs, this transaction further solidifies the leadership position we have attained."

"We look forward to working together with DuPont to enable customers to better solve their problems with the novelmulti-functional electrical, structural and thermal performance characteristics of our CNT-based products," he said.

"Nanocomp is a strong fit for the next phase in our technology plan," added Thomas G. Powell, president of DuPont Protection Technologies. "They have uniquely taken carbon nanotube-based products to the next level, and we look forward to working with them to improve protection for the military and first responders, develop unprecedented energy-saving structures, and explore new offerings."

####

About Nanocomp Technologies, Inc.
Nanocomp Technologies (NTI) is delivering a new generation of advanced materials that provide revolutionary performance while saving energy. The Company is the only commercial producer of carbon nanotube-based lightweight sheets, tapes, wires, and yarns. Nanocomp’s products offer superior mechanical, thermal and electrical properties for aerospace and defense, aviation, automotive, energy and consumer applications. The U.S. Department of Defense has designated the Company’s materials as “critical for national defense.” Nanocomp recently opened a new 100,000 square foot advanced manufacturing facility in Merrimack NH, increasing its production capacity to meet the needs of defense and commercial customers.

Biography:

Peter L. Antoinette

Co-Founder, President & Chief Executive Officer

Peter co-founded Nanocomp Technologies, Inc. in 2004 and serves as its President and Chief Executive Officer. Prior to founding the company, Peter was President and CEO of Cambridge Research & Instrumentation Inc., a Woburn, MA-based early stage liquid crystal technology company, where he spearheaded the commercialization of optical products for telecommunications and high performance imaging systems.

Previously, he spent a fifteen year career with Millipore Corporation, a Fortune 500 leader in separations technology, in Sales, Marketing, Technical Services, and as a Vice President and General Manager.

He is the holder of a patent and co-inventor of several pending patents. He serves as a member of the Board of Directors for the New Hampshire High Technology Council, is a member of the National Science Foundation's Center for High-Rate Nanomanufacturing Industrial Advisory Board, and a is a member of United States Senator Jeanne Shaheen's Small Business Advisory Council.

For more information, please click here

Contacts:
Daniela Viola

Makovsky + Co.
2012 Public Relations Agency of the Year
An Inc. 5000 Fastest-Growing Company
16 East 34th Street
New York, NY 10016
O: (212) 508-9676
M: (917) 658-8498
www.makovsky.com

Copyright © Nanocomp Technologies, 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

Two-dimensional melting of hard spheres experimentally unravelled after 60 years: First definitive experimental evidence of two-dimensional melting of hard spheres April 21st, 2017

National Conference on Nanomaterials, (NCN-2017) April 21st, 2017

NanoMONITOR shares its latest developments concerning the NanoMONITOR Software and the Monitoring stations April 21st, 2017

Nanomechanics, Inc. Unveils New Product at ICMCTF Show April 25th: Nanoindentation experts will launch the new Gemini that measures the interaction of two objects that are sliding across each other – not merely making contact April 21st, 2017

Openings/New facilities/Groundbreaking/Expansion

GLOBALFOUNDRIES Expands to Meet Worldwide Customer Demand: Company invests for capacity growth in the United States, Germany, China and Singapore February 10th, 2017

Portable superconductivity systems for small motors: Cambridge University lab achieves a breakthrough for portable superconductivity systems that are applicable for small motors, health care and other uses February 8th, 2017

New Agricultural Research Center Debuts at UCF October 12th, 2016

Nexeon Establishes Base in Asia October 11th, 2016

Jobs

Forge Nano 2017: 1st Quarter Media Update April 20th, 2017

Participate in the development of Malaysia’s National Graphene Action Plan 2020 October 10th, 2016

Leading Advanced Materials Manufacturer Pixelligent Closes $10.4 Million in Funding: Capital Will Boost Capacity for North American Manufacturing, Drive Asian Expansion, and Continue Innovation in Solid State Lighting and OLED Display Applications August 16th, 2016

SUNY Poly Welcomes DPS as the Global Engineering Firm Opens Its U.S. Advanced Technology Group Headquarters at Cutting-Edge ZEN Building November 20th, 2015

Govt.-Legislation/Regulation/Funding/Policy

NanoMONITOR shares its latest developments concerning the NanoMONITOR Software and the Monitoring stations April 21st, 2017

Better living through pressure: Functional nanomaterials made easy April 19th, 2017

Nano-SPEARs gently measure electrical signals in small animals: Rice University's tiny needles simplify data gathering to probe diseases, test drugs April 17th, 2017

Emergency Use Authorization for Gene-RADAR® Zika Virus Test: FDA Authorization for the Gene-RADAR® Zika Virus Test on the XPRIZE-Winning Gene-RADAR® Platform April 14th, 2017

Nanotubes/Buckyballs/Fullerenes

Nanotubes that build themselves April 14th, 2017

Intertronics introduce new nanoparticle deagglomeration technology March 15th, 2017

Boron atoms stretch out, gain new powers: Rice University simulations demonstrate 1-D material's stiffness, electrical versatility January 26th, 2017

New stem cell technique shows promise for bone repair January 25th, 2017

Materials/Metamaterials

Two-dimensional melting of hard spheres experimentally unravelled after 60 years: First definitive experimental evidence of two-dimensional melting of hard spheres April 21st, 2017

National Conference on Nanomaterials, (NCN-2017) April 21st, 2017

Forge Nano 2017: 1st Quarter Media Update April 20th, 2017

Making Batteries From Waste Glass Bottles: UCR researchers are turning glass bottles into high performance lithium-ion batteries for electric vehicles and personal electronics April 19th, 2017

Announcements

Two-dimensional melting of hard spheres experimentally unravelled after 60 years: First definitive experimental evidence of two-dimensional melting of hard spheres April 21st, 2017

National Conference on Nanomaterials, (NCN-2017) April 21st, 2017

NanoMONITOR shares its latest developments concerning the NanoMONITOR Software and the Monitoring stations April 21st, 2017

Nanomechanics, Inc. Unveils New Product at ICMCTF Show April 25th: Nanoindentation experts will launch the new Gemini that measures the interaction of two objects that are sliding across each other – not merely making contact April 21st, 2017

Military

Nano-SPEARs gently measure electrical signals in small animals: Rice University's tiny needles simplify data gathering to probe diseases, test drugs April 17th, 2017

New technology could offer cheaper, faster food testing: Specialized droplets interact with bacteria and can be analyzed using a smartphone April 7th, 2017

Teri Odom and Richard Van Duyne Honored by Department of Defense: Each will receive $3 million over five years to conduct high-risk, high-payoff research March 31st, 2017

NIST physicists show ion pairs perform enhanced 'spooky action' March 30th, 2017

Aerospace/Space

Space energy technology restored to make power stations more efficient: Scientists use graphene to reinvent abandoned heat energy converter technology March 7th, 2017

Applied Graphene Materials plc - Significant commercial progress in AGM’s three core sectors March 3rd, 2017

Triboelectric Nanogenerators Boost Mass Spectrometry Performance March 1st, 2017

EmTech Asia breaks new barriers with potential applications of space exploration with NASA and MIT February 22nd, 2017

Alliances/Trade associations/Partnerships/Distributorships

BASF and Landa partner to create revolutionary pigments for automotive coatings: The alliance combines BASF innovations with Landa nano-pigment technology April 5th, 2017

Leti Announces EU/South Korean Project for World’s First 5G-system Prototype: Coinciding with the 2018 Winter Games in PyeongChang, Korea, Prototype Will Be First Time State-of-the-art Terrestrial Wireless Communication Is Seamlessly Combined with Disruptive Satellite Communicati April 4th, 2017

ATTOPSEMI Technology Joins FDXcelerator Program to Deliver Advanced Non-Volatile Memory IP to GLOBALFOUNDRIES 22 FDX® Technology Platform: Leading-edge I-fuse™ brings higher reliability, smaller cell size and ease of programmability for consumer, automotive, and IoT applications March 27th, 2017

Leti and HORIBA Scientific to Host Webinar on Ultrafast Characterization Tool: Plasma Profiling Time-of-Flight Mass Spectrometer Tool Cuts Optimization Time In Layer Deposition and Fabrication of Wide Range of Applications March 27th, 2017

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