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December 20th, 2007

Nanotechnology Companies Planning to Sell Shares

Abstract:
NANOTECHNOLOGY companies, nurtured on billions of dollars in government grants and venture investments through most of this decade, are getting ready to go public.

Being near taking such a step is another stage in the evolution of nanotechnology, the science of materials measured at billionths of a meter or one-500th of a human hair.

Experts note that nanotechnology-enabled products are already used in industry.

"There are 200 commercial products in cosmetics, apparel and sporting goods in which nanotechnology plays a role," said Lynn E. Foster, emerging technologies director for the law firm Greenberg Traurig and author of the 2006 book "Nanotechnology: Science, Innovation and Opportunity." He cites clothing with a coating of nanoparticles — from the Nano-Tex Corporation of Oakland, Calif. — that repels stains.

Source:
nytimes.com

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