Nanotechnologies Inc. announced today that it has closed a strategic round of
funding, led by an equity investment from and joint development agreements with
Air Products & Chemicals. The company's previous investors, Techxas Ventures, Castletop Capital, Harris & Harris Group, Inc., Eyes of Texas Partners and Capital Conceptions also participated.
The new funding will allow Nanotechnologies, Inc. to continue to scale its current operations towards full commercialization.
Nanotechnologies' proprietary pulsed
plasma technology produces high performance
nanoparticles with applications in transparent
coatings, anti-microbial products, and electronic materials, for example. In the past year, the company has focused on its unique
ability to produce
metal nanoparticles such as
silver, aluminum and
copper.
"
nanoparticles are a key enabling technology to many current and future Advanced Materials product platforms. We chose to work with Nanotechnologies because of its unique process, which produces outstanding metal and metal oxide nanoparticles. Their
technology is scalable and economical and provides great potential value for Air Products' targeted high growth markets in our Performance Materials Division," said Jeffrey T. DePinto,
business development manager for
nanotechnology Strategies at
Air Products.
Randy
Bell, Nanotechnologies president and CEO stated, "We are excited at the opportunity to work with Air Products. We believe that the combined
nanomaterials and formulations expertise of the two companies will significantly accelerate the development of commercial applications incorporating our nanoparticles. This partnership exemplifies our strategy of forming key alliances with leaders in their respective industries."