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Applied NanoMaterials Completes Launch Phase - Changes its Name to ApNano Materials
New York, January 28th, 2004
Applied NanoMaterials, Inc. (www.apnano.com), a
provider of advanced nanotechnology products, today announced a new company
name to reflect its progression to sales and production after having
successfully completed its start-up and product launch phases. The company
has changed its name to ApNano Materials, Inc.
“The new name reflects the invigorated spirit of our company and its
inventiveness,” said Dr. Menachem Genut, President and CEO of. ApNano
Materials.
ApNano Materials is commercializing unique nanotechnology materials based on
innovative R&D performed at the Weizmann Institute of science. The company
has recently launched its patented product, NanoLub™ – the world's first
nanotechnology-based solid lubricant for superior enhancement of performance
of moving parts.
The company has already established a primary production facility, producing
the necessary quantities for Beta sites and field testing. In 2005, the
company intends to operate a semi -commercial reactor, producing about 100
kg a day. A commercial 1 ton per day factory will be operational in 2006.
ApNano Materials is also making preparations to manufacture and sell a new
line of products – a new and superior kind of inorganic nanotubes for highly
sophisticated products such as advanced generation high resolution flat
panel displays and atomic force microscopes (AFMs). Inorganic nanotubes are
considered to be the ideal material for tomorrow’s nano electronic devices.
In many cases they may replace or complement silicon and so have many
additional potential applications including semiconductor devices, sensors,
biosensors, and nano-motors.
About ApNano Materials
ApNano Materials, a private company, was incorporated in the US in 2002. The
company was granted an exclusive license by Yeda Research and Development
Co. Ltd, the commercial arm of the Weizmann Institute of Science, Israel, to
manufacture, commercialize and sell the new nanomaterials discovered at the
Institute. The shareholders of ApNano Materials are Newton Technology VC
Fund, Yeda Research and Development Co. LTD. (the commercial arm of the
Weizmann Institute of Science), AYYT Technological Applications and Date
Update LTD. (the commercial arm of Holon Academic Institute of Technology,
Israel) and private investors. The company is headquartered in New York,
USA, with an Israeli subsidiary located in the high tech science park
adjacent to the Weizmann Institute campus in Rehovot, Israel.
For more information, please visit the Company's website at www.apnano.com
NanoLub is a trademark of ApNano Materials.
Contact:
David Kanaan
Kanaan Public Relations
Phone: +972-3-6315166
e-mail: david@kanaan.co.il
Copyright ApNano Materials, Inc.
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