Nanotechnology Now - Press Release: Nanomech Acquires Canadian Nano Technologies (Canano)

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Abstract:
Acquisition integrates Canano's breakthrough materials with NanoMech's nano-engineering product expertise

Nanomech Acquires Canadian Nano Technologies (Canano)

Fayetteville, AR | Posted on January 12th, 2011

Arkansas-based NanoMech, Inc. announced today that it has acquired Canadian Nano Technologies, LLC (Canano).

Canano (www.CanadianNano.com) provides custom engineered nanopowders designed to solve unique problems, adding value to products that span multiple industries including electronics, agriculture, solar energy, and aerospace. The company was founded to develop and commercialize applications of pure metal nanopowders. Using a proprietary gas condensation process partially based on research carried out at Los Alamos National Laboratory, Canano produces a wide variety of high-quality nanoparticles. Their proprietary process is unique and offers significant improvements over other nanoparticle production/collection processes.

NanoMech is a leading designer and manufacturer of nanoparticle-based additives, coatings and coating deposition systems.

Jim Phillips, Chairman and CEO of NanoMech, said, "We're excited about this acquisition as it brings Canano's novel nanomaterial production capability and new knowledge jobs into our technology portfolio, creating important synergies that will benefit our current products and those under development. It also accelerates our entry into new markets depending on nano-scale solutions such as electronics, agriculture, and the aerospace industry, where Canano has a good customer base and a great reputation for quality products. Consequently, we are adding two nanopowder synthesis reactors to our factory in Springdale immediately that will provide advanced nanopowders to customers around the world."

Richard Tacker, Founder and CEO of Canano said, "Our customers have seen the value that our custom-engineered nanopowders bring to their products, and as a result the demand for our materials is growing rapidly. By joining NanoMech we can take advantage of their excellent management team, nanomanufacturing expertise, and scale up our production capacity to serve existing and future customers."

Dr. Ajay P. Malshe, NanoMech's Founder, Executive VP and CTO, added, "By combining Canano's unique nanomaterial synthesis capabilities with our ability to manufacture nano-engineered additives, coatings and composites, we will enhance our current product offerings and lead to new product breakthroughs."

The nanopowder technology applications include advance methods of improving: nutrient replacement fertilizers and environmentally safe pesticides and conductive inks for printed circuit boards, RFID's, photovoltaic printed solar cells, solar connectors, surface coatings, new generation ballistics, RF shielding, self-cleaning surfaces, solar heaters, condensers , silicon wafers, solid rocket fuels, and primers. Other applications include textiles, nano fabrics for clothing and car seat covers, odor free materials, cosmetics, sunscreens, deodorants, lip balm, cleansing products, surface protectants, cleaning chemicals, antibacterial coatings, scratch resistant surfaces, thermal barriers, super hydrophobic, dielectrics, wound dressings, lighter, stronger sports equipment, smart materials, air purifiers, water filtration and bio-aerosols, safety, sun and high definition glasses, non-reflective and smart shielding, odor free refrigerators and washing machines, automotive parts, chip resistant paints, non-corrosives, cement, concrete, and fuel savers, and much more.

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About NanoMech
NanoMech Inc., a technology company based in Fayetteville, AR, with manufacturing facilities and labs in Springdale, Arkansas, is a leading designer and manufacturer of innovative application-specific nanoparticle additives, nanoparticle-based coatings and coating deposition systems. NanoMech is bringing these technologies to the global market through its TuffTek®, NanoGlide®, and nGuard products. The company was recently recognized for "Excellence in Innovation" by the U.S. Department of Commerce. NanoMech's technologies also have been recognized by the editors of R&D Magazine in their selection of the 25 best micro- and nanotechnologies of 2006, and company is a recipient of the Frost & Sullivan award for excellence in technology. NanoMech, which began operation in 2002, is becoming a world leader in nanomanufacturing innovations and product development with a strong emphasis on practical technologies scalable for efficient mass production of high performance functional products. Numerous patents and patents pending cover NanoMech's suite of nanotechnologies and nanomanufacturing processes. NanoMech's core competencies include nanoparticle-based additives and coatings, coating deposition processes and systems, and nanomaterials integrated products and analyses. Working closely with centers of excellence and universities, particularly the University of Arkansas, key industry partners and government agencies, NanoMech is already bringing products to market with very significant economic and performance advantages in metal cutting, lubrication, and anti-microbial solutions. For more information, please visit www.nanomech.biz.

About Canano Technologies LLC: (www.CanadianNano.com)
Canano Technologies LLC provides custom engineered nanopowders specifically designed to solve the unique problems for customers, adding significant value to their products.

With a growing number of applications, the demand for custom-designed nanopowders is increasing. Canano Technologies LLC is an expert at meeting the demand for unique particles with defined particle size, purity and morphology, resulting in superior end-product performance.

Applications include agriculture, photovoltaic, RFID's and printed solar panels, circuit boards, and solar heaters, biomed, thermoplastics, cool jell rockets, and nano fuel savers.

The company was founded to develop and commercialize applications using pure metal nanopowders, with a proprietary vacuum vaporation process producing a wide variety of low-agglomerated dry nanoparticles collected in an inert environment. Canadian Nano also has the ability to collect in a solution to meet customer packing specifications. This procedure represents unique and significant improvements over other production/collection processes.

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Contacts:
John Riggins
501.765.4999

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