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

How does enzymatic pretreatment affect the nanostructure and reaction space of lignocellulosic biomass? December 18th, 2014

Silicon Valley-Based Foresight Valuation Launches STR-IP™, a New Initiative for Startups to Discover the Value of Their Intellectual Property December 18th, 2014

Iranian Scientists Use Nanotechnology to Increase Power, Energy of Supercapacitors December 18th, 2014

Iranian Researchers Produce Electrical Pieces Usable in Human Body December 18th, 2014

Openings/New facilities/Groundbreaking/Expansion

HP Supercomputer at NREL Garners Top Honor October 19th, 2014

Graphenea opens US branch October 16th, 2014

Raytheon, UMass Lowell open on-campus research institute: Industry leader’s researchers to collaborate with faculty, students to move key technologies forward through first-of-its-kind partnership October 11th, 2014

Yale University and Leica Microsystems Partner to Establish Microscopy Center of Excellence: Yale Welcomes Scientists to Participate in Core Facility Opening and Super- Resolution Workshops October 20 Through 31, 2014 September 30th, 2014

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

Zenosense, Inc. - Hospital Collaboration - 400 Person Lung Cancer Detection Trial December 17th, 2014

SUNY Poly NanoCollege Faculty Member Selected as American Physical Society Fellow: SUNY Poly Associate Professor of Nanoscience Dr. Vincent LaBella Recognized for Significant Technological Innovations that Enable Interactive Learning December 17th, 2014

Switching to spintronics: Berkeley Lab reports on electric field switching of ferromagnetism at room temp December 17th, 2014

ORNL microscopy pencils patterns in polymers at the nanoscale December 17th, 2014

Nanotubes/Buckyballs

A sponge-like molecular cage for purification of fullerenes December 15th, 2014

'Trojan horse' proteins used to target hard-to-reach cancers: Scientists at Brunel University London have found a way of targeting hard-to-reach cancers and degenerative diseases using nanoparticles, but without causing the damaging side effects the treatment normally brings December 11th, 2014

Detecting gases wirelessly and cheaply: New sensor can transmit information on hazardous chemicals or food spoilage to a smartphone December 8th, 2014

Green meets nano: Scientists at TU Darmstadt create multifunctional nanotubes using nontoxic materials December 3rd, 2014

Materials/Metamaterials

ORNL microscopy pencils patterns in polymers at the nanoscale December 17th, 2014

Pb islands in a sea of graphene magnetise the material of the future December 16th, 2014

Graphene Applied in Production of Recyclable Electrodes December 13th, 2014

A golden thread through the labyrinth of nanomaterials December 12th, 2014

Announcements

How does enzymatic pretreatment affect the nanostructure and reaction space of lignocellulosic biomass? December 18th, 2014

Silicon Valley-Based Foresight Valuation Launches STR-IP™, a New Initiative for Startups to Discover the Value of Their Intellectual Property December 18th, 2014

Iranian Scientists Use Nanotechnology to Increase Power, Energy of Supercapacitors December 18th, 2014

Iranian Researchers Produce Electrical Pieces Usable in Human Body December 18th, 2014

Military

UCLA engineers first to detect and measure individual DNA molecules using smartphone microscope December 15th, 2014

Nanoshaping method points to future manufacturing technology December 11th, 2014

Stacking two-dimensional materials may lower cost of semiconductor devices December 11th, 2014

Industrial Nanotech, Inc. Expands Government and Defense Projects December 10th, 2014

Aerospace/Space

Lifeboat Foundation gives 2014 Guardian Award to Elon Musk December 16th, 2014

NEI introduces NANOMYTE® SuperAi, a Durable Anti-ice Coating December 4th, 2014

Atmospheric carbon dioxide used for energy storage products December 2nd, 2014

Deep Space Industries and Solid Prototype Announce a Strategic Partnership: Solid Prototype Inc integrates with DSI’s spacecraft design process, helping reduce costs and decrease turnaround time December 1st, 2014

Alliances/Partnerships/Distributorships

SUNY Poly NanoCollege Faculty Member Selected as American Physical Society Fellow: SUNY Poly Associate Professor of Nanoscience Dr. Vincent LaBella Recognized for Significant Technological Innovations that Enable Interactive Learning December 17th, 2014

New 'electronic skin' for prosthetics, robotics detects pressure from different directions December 10th, 2014

SEMATECH Reports Significant Progress in EUV Resist Outgas Testing: Technologists from SEMATECH and JSR demonstrate outgas test results that further enable EUV lithography for high-volume manufacturing readiness December 3rd, 2014

Toward a low-cost 'artificial leaf' that produces clean hydrogen fuel December 3rd, 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