Home > Press > Shrink Nanotechnologies enters into exclusive worldwide licensing agreement with Corning for modular microfluidic system
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Abstract:
Shrink Nanotechnologies Inc (OTCBB: INKN.ob), a nanotechnology company developing products and licensing opportunities, has entered into a licensing agreement with Corning Incorporated (NYSE:GLW), a speciality glass abs ceramic company.
Shrink Nanotechnologies enters into exclusive worldwide licensing agreement with Corning for modular microfluidic system
Carlsbad, California | Posted on October 11th, 2010Under the terms of the licensing agreement, announced on Friday, in exchange for a commercial royalty Shrink retains an exclusive right to use and sublicense Corning's patent-pending modular microfluidic system for at least eight years.
The patent-pending Corning modular microfluidic system has been widely published and has reportedly generated significant interest from commercial and academic interests since it was first published in 2008 in Lab on a Chip, an academic journal.
This system is claimed to be the world's first fully functional plug and play modular microfluidics system that truly allows for integrated high PSI connectors, electronics and pumps. This new "Plug and Play" integrated system offers researchers new tools to rapidly build next generation biosensors and immunodiagnostic devices.
Shrink said that it intends to develop this system as a premium microfluidic product offering throughout North America, Europe and Asia.
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Contacts:
Shrink Nanotechnologies, Inc.
2038 Corte Del Nogal, Suite 110
Carlsbad, California 92011
Phone: (760) 804-8844
Fax: (760) 804-8845
Email:
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