Nanotechnology Now

Our NanoNews Digest Sponsors
Heifer International



Home > Press > Manhattan Scientifics Acquires Metallicum, Inc.

Abstract:
Advanced Metals Technologies from Los Alamos National Laboratory Aluminum as Strong as Steel

Manhattan Scientifics Acquires Metallicum, Inc.

LOS ALAMOS, NM | Posted on July 2nd, 2008

Manhattan Scientifics (Pink Sheets: MHTX) announced today that it has acquired Metallicum, Inc. and
its licensed patented technology. The announcement came from MHTX's affiliate
Albuquerque factory, where New Mexico Senator Jeff Bingaman said, "I believe
the merger of Manhattan Scientifics with Metallicum will have a very positive
effect on New Mexico and the country. The lightweight nano metals the company
will produce will have the potential to revolutionize a whole range of
industries, from transportation to health care. This merger is another great
example of how our national laboratories can partner with the private sector
and create vital jobs while meeting some of our nation's most pressing needs."

The transaction includes all of Metallicum's licensed intellectual
property related to the design and high-volume nano-fabrication of
nano-structuring metals for medical components as well as for transportation
applications. The Company intends to establish manufacturing partner
relationships with major Fortune 500 metals companies. "Our business plan
includes strategic partnering with significant customers in the medical device
& prosthetics industries as well as in auto, truck, & aircraft manufacturing
industries," said Marvin Maslow, founder & chairman emeritus of Manhattan
Scientifics. "We are working towards regaining our full-reporting SEC status
and trading on the OTC board."

Company CEO Manny Tsoupanarias commented, "With the acquisition of
Metallicum, Manhattan Scientifics is re-inventing itself as a 'green company.'
This move is intended to enable us to accomplish our goal of profitability for
our shareholders."

The Metallicum division will produce and license the super strong metals
using nano-technology developed by scientists at Los Alamos National
Laboratory in conjunction with their colleagues in Russia. "The advantages are
easy to understand because a stronger metal means using less material for the
same purpose. Less material translates to lighter weight and reduced
environmental impact. For example, a lighter weight car uses less gas," said
Terry Lowe, Ph.D., co-inventor of the nano-structured metals process,
president and chief scientist of the Metallicum division. Lowe continued, "A
lightweight industrial metal, like aluminum, can be manufactured to have the
strength of steel. The technology is expected to trim thousands of pounds from
airplanes and hundreds of pounds from cars without sacrificing structural
strength or adding significant cost. The fuel savings to the American public
will be significant as will the number of jobs created for Americans,
particularly in New Mexico."

Dr. Lowe added, "A big airplane like a B747 has about 100,000 pounds of
titanium in its construction. We believe our nano metals could reduce that
weight by about 5% or 5,000 pounds."(1)

The nanostructured metals have wide implications for use in the medical
device and prosthetics industries including dental implants, replacements for
hips, shoulders, knees and cardio vascular stents. Clinical studies have
already shown that bone integrates with these new metals up to 20 times
faster. This means faster healing after surgery and ultimately longer
lifetimes for nano-structured metals implants. Maslow added, "People are
living longer and we need new parts. The biological acceptance of Nano
Titanium by the human body is stunning."

Donald J. Sandstrom, a member of the MHTX science team and former senior
leader of Materials Science and Technology Division at the Los Alamos
Laboratory added, "New technologies are the life blood of the American
society. During the most recent decades the technological achievements in
electronics, beginning with the transistor, and the computer have all been
driven by some new material, or understanding of materials behavior that has
allowed these advances to be made. We are now poised on the edge of another
exceptional materials breakthrough. Nanomaterials promise to lead the way in
the improvement in structural materials, materials for wear resistance, and
most recently, biomaterials and nano-structured titanium will lead the way!"

The nano-structuring process was developed through a U.S. Department of
Energy program that brings together its national laboratories, U.S. companies,
and FSU institutes to redirect the efforts of scientists who formerly worked
on nuclear weapons and related military technologies.

####

About Manhattan Scientifics, Inc.
Manhattan Scientifics, Inc., www.mhtx.com, is located in New
Mexico, New York, and Montreal. It is developing and plans to acquire
technologies in a variety of environmentally friendly energy and other
people-friendly industries. Copies of Manhattan Scientifics' press releases
and related investor information may also be found at
www.hawkassociates.com.

This press release contains forward-looking statements. Such
forward-looking statements are subject to a number of risks, assumptions and
uncertainties that could cause the Company's actual results to differ
materially from those projected in such forward-looking statements.
Forward-looking statements speak only as of the date made and are not
guarantees of future performance. We undertake no obligation to publicly
update or revise any forward-looking statements.

(1) In a New York Times article dated June 6, 2008, "To Save Fuel,
Airlines Find no Speck Too Small," Tim McGraw, Northwest's director
of corporate environmental and safety programs said, "every 25 pounds
we remove, we save $440,000," when questioned on weight related jet
fuel costs and savings.

Please see New York Times article link:
www.nytimes.com/2008/06/11/business/11air.html?ex=1213761600&en=b701d49361c4fac2&ei=5070&emc=eta1

For more information, please click here

Copyright © PR Newswire Association LLC.

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

Virginia Tech physicists propose path to faster, more flexible robots: Virginia Tech physicists revealed a microscopic phenomenon that could greatly improve the performance of soft devices, such as agile flexible robots or microscopic capsules for drug delivery May 17th, 2024

Gene therapy relieves back pain, repairs damaged disc in mice: Study suggests nanocarriers loaded with DNA could replace opioids May 17th, 2024

Shedding light on perovskite hydrides using a new deposition technique: Researchers develop a methodology to grow single-crystal perovskite hydrides, enabling accurate hydride conductivity measurements May 17th, 2024

Oscillating paramagnetic Meissner effect and Berezinskii-Kosterlitz-Thouless transition in cuprate superconductor May 17th, 2024

Laboratories

A battery’s hopping ions remember where they’ve been: Seen in atomic detail, the seemingly smooth flow of ions through a battery’s electrolyte is surprisingly complicated February 16th, 2024

NRL discovers two-dimensional waveguides February 16th, 2024

Catalytic combo converts CO2 to solid carbon nanofibers: Tandem electrocatalytic-thermocatalytic conversion could help offset emissions of potent greenhouse gas by locking carbon away in a useful material January 12th, 2024

Three-pronged approach discerns qualities of quantum spin liquids November 17th, 2023

Govt.-Legislation/Regulation/Funding/Policy

International research team uses wavefunction matching to solve quantum many-body problems: New approach makes calculations with realistic interactions possible May 17th, 2024

Aston University researcher receives £1 million grant to revolutionize miniature optical devices May 17th, 2024

NRL charters Navy’s quantum inertial navigation path to reduce drift April 5th, 2024

Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024

Materials/Metamaterials/Magnetoresistance

How surface roughness influences the adhesion of soft materials: Research team discovers universal mechanism that leads to adhesion hysteresis in soft materials March 8th, 2024

Nanoscale CL thermometry with lanthanide-doped heavy-metal oxide in TEM March 8th, 2024

Focused ion beam technology: A single tool for a wide range of applications January 12th, 2024

Catalytic combo converts CO2 to solid carbon nanofibers: Tandem electrocatalytic-thermocatalytic conversion could help offset emissions of potent greenhouse gas by locking carbon away in a useful material January 12th, 2024

Announcements

Virginia Tech physicists propose path to faster, more flexible robots: Virginia Tech physicists revealed a microscopic phenomenon that could greatly improve the performance of soft devices, such as agile flexible robots or microscopic capsules for drug delivery May 17th, 2024

Diamond glitter: A play of colors with artificial DNA crystals May 17th, 2024

Finding quantum order in chaos May 17th, 2024

Oscillating paramagnetic Meissner effect and Berezinskii-Kosterlitz-Thouless transition in cuprate superconductor May 17th, 2024

Patents/IP/Tech Transfer/Licensing

Getting drugs across the blood-brain barrier using nanoparticles March 3rd, 2023

Study finds nanomedicine targeting lymph nodes key to triple negative breast cancer treatment: In mice, nanomedicine can remodel the immune microenvironment in lymph node and tumor tissue for long-term remission and lung tumor elimination in this form of metastasized breast cance May 13th, 2022

Metasurfaces control polarized light at will: New research unlocks the hidden potential of metasurfaces August 13th, 2021

Arrowhead Pharmaceuticals Announces Closing of Agreement with Takeda November 27th, 2020

Automotive/Transportation

Researchers’ approach may protect quantum computers from attacks March 8th, 2024

New designs for solid-state electrolytes may soon revolutionize the battery industry: Scientists achieve monumental improvements in lithium-metal-chloride solid-state electrolytes November 3rd, 2023

Previously unknown pathway to batteries with high energy, low cost and long life: Newly discovered reaction mechanism overcomes rapid performance decline in lithium-sulfur batteries September 8th, 2023

Tests find no free-standing nanotubes released from tire tread wear September 8th, 2023

Aerospace/Space

Under pressure - space exploration in our time: Advancing space exploration through diverse collaborations and ethical policies February 16th, 2024

Bridging light and electrons January 12th, 2024

New tools will help study quantum chemistry aboard the International Space Station: Rochester Professor Nicholas Bigelow helped develop experiments conducted at NASA’s Cold Atom Lab to probe the fundamental nature of the world around us November 17th, 2023

Manufacturing advances bring material back in vogue January 20th, 2023

Alliances/Trade associations/Partnerships/Distributorships

Manchester graphene spin-out signs $1billion game-changing deal to help tackle global sustainability challenges: Landmark deal for the commercialisation of graphene April 14th, 2023

Chicago Quantum Exchange welcomes six new partners highlighting quantum technology solutions, from Chicago and beyond September 23rd, 2022

CEA & Partners Present ‘Powerful Step Towards Industrialization’ Of Linear Si Quantum Dot Arrays Using FDSOI Material at VLSI Symposium: Invited paper reports 3-step characterization chain and resulting methodologies and metrics that accelerate learning, provide data on device pe June 17th, 2022

University of Illinois Chicago joins Brookhaven Lab's Quantum Center June 10th, 2022

Acquisitions/Mergers/Splits

The concept of creating «brain-on-chip» revealed: A team of scientists is working to create brain-like memristive systems providing the highest degree of adaptability for implementing compact and efficient neural interfaces, new-generation robotics, artificial intelligence, perso May 29th, 2020

180 Degree Capital Corp. Life Science Portfolio Company Enters Into Definitive Agreement to be Acquired May 6th, 2020

180 Degree Capital Corp.’s Portfolio Company, Synacor, Inc., Agrees to Merge with Qumu Corporation in All-Stock Transaction February 11th, 2020

Combination of Nanometrics and Rudolph Technologies to Create Onto Innovation October 16th, 2019

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project