Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

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

MRI, on a molecular scale: Researchers develop system that could one day peer into the atomic structure of individual molecules April 20th, 2014

Iranian Researchers Present New Model to Strengthen Superconductivity at Higher Temperatures April 19th, 2014

Iranian Researchers Produce New Anti-Cancer Drug from Turmeric April 19th, 2014

Innovative strategy to facilitate organ repair April 18th, 2014

Openings/New facilities/Groundbreaking/Expansion

JPK announces expansion of its global sales and service activities in China and USA April 15th, 2014

Thailand's Next Move on Research and Innovation March 11th, 2014

Beneq and LETI open ALD-dedicated research laboratory in St. Petersburg November 18th, 2013

NTU sets up Southeast Asia’s first nanomedicine research institute - New $60 million institute to focus on diabetes, cardiovascular, ophthalmology and skin therapeutics November 6th, 2013

Jobs

Secretary Vilsack Announces Partnership to Advance Commercial Potential of Cellulosic Nanomaterial from Wood December 11th, 2013

Cutting Away at the NRC's Research Capability December 6th, 2013

Project aims to mass-produce 'nanopetals' for sensors, batteries October 22nd, 2013

Governor Cuomo Announces 'Nano Utica' $1.5 Billion Public-Private Investment That Will Make the Mohawk Valley New York's Next Major Hub of Nanotech Research October 12th, 2013

Govt.-Legislation/Regulation/Funding/Policy

'Exotic' material is like a switch when super thin April 18th, 2014

Innovative strategy to facilitate organ repair April 18th, 2014

Novel stapled peptide nanoparticle combination prevents RSV infection, study finds April 17th, 2014

INSCX™ exchange to present Exchange trade reporting mechanism for engineered nanomaterials (NMs) to UK regulation agencies, insurers and upstream/downstream users April 17th, 2014

Nanotubes/Buckyballs

Effects of Carbon Nanotubes Studied on Pregnant Mothers April 12th, 2014

Nanotech Business Review 2013-2014 April 9th, 2014

Scientists Succeed in Simultaneous Determination of Acetaminophen, Codeine in Drug Samples April 9th, 2014

Rebar technique strengthens case for graphene: Rice University lab makes hybrid nanotube-graphene material that promises to simplify manufacturing April 7th, 2014

Materials/Metamaterials

Thinnest feasible membrane produced April 17th, 2014

INSCX™ exchange to present Exchange trade reporting mechanism for engineered nanomaterials (NMs) to UK regulation agencies, insurers and upstream/downstream users April 17th, 2014

Engineers develop new materials for hydrogen storage April 15th, 2014

Industrial Nanotech, Inc. Lands First Major Order from Pemex, Mexico’s State-Owned Oil and Gas Company April 14th, 2014

Announcements

MRI, on a molecular scale: Researchers develop system that could one day peer into the atomic structure of individual molecules April 20th, 2014

Iranian Researchers Present New Model to Strengthen Superconductivity at Higher Temperatures April 19th, 2014

Iranian Researchers Produce New Anti-Cancer Drug from Turmeric April 19th, 2014

Innovative strategy to facilitate organ repair April 18th, 2014

Military

'Exotic' material is like a switch when super thin April 18th, 2014

Tiny particles could help verify goods: Chemical engineers hope smartphone-readable microparticles could crack down on counterfeiting April 15th, 2014

Targeting cancer with a triple threat: MIT chemists design nanoparticles that can deliver three cancer drugs at a time April 15th, 2014

Scalable CVD process for making 2-D molybdenum diselenide: Rice, NTU scientists unveil CVD production for coveted 2-D semiconductor April 8th, 2014

Aerospace/Space

Tiny particles could help verify goods: Chemical engineers hope smartphone-readable microparticles could crack down on counterfeiting April 15th, 2014

NASA Engineers Prepare Game Changing Cryotank for Testing April 9th, 2014

Space Industry Leaders Countdown To Space Tech Expo 2014 – Opening Next Week: Space Tech Expo and Conference 2014 opens its doors at the Long Beach Convention Center, Long Beach April 1 – 3 March 30th, 2014

Micro systems with big commercial potential featured in SPIE journal: Special section in Journal of Micro/Nanolithography, MEMS, and MOEMS highlights emerging MOEMS technologies March 25th, 2014

Alliances/Partnerships/Distributorships

Virus structure inspires novel understanding of onion-like carbon nanoparticles April 10th, 2014

Peer Reviewed and Approved for Science by the the Washington Academy of Sciences April 3rd, 2014

New JEOL-Nikon MiXcroscopy Correlative Imaging Solution March 27th, 2014

Quantum Dots Take Center Stage at Inaugural Event: QD Vision Co-Founder and CTO Dr. Seth Coe-Sullivan to Chair First Quantum Dots Forum, March 26, 2014, San Diego, CA March 25th, 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







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE