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Nano-Terra Inc. Announces Multi-Year Development and Licensing Agreement with 3M
Thursday, May 17, 2007
Nano-Terra’s groundbreaking nano-scale fabrication methods to be used to develop advanced materials and devices for 3M
Cambridge, MA – In an effort to more fully realize the potential of nanotechnology fabrication in advanced materials and devices, the Nano-Terra Company today announced a multi-year development and licensing agreement with 3M (NYSE: MMM). Nano-Terra is a privately-held company focused on commercializing industrial applications of nano- and micro-technologies that have been developed by Nano-Terra co-founder Dr. George Whitesides at his renowned laboratory at Harvard University.
The cooperative agreement is designed to bring to market innovative, nanotechnology-based products and solutions made possible by the groundbreaking nano-scale, molecular fabrication methods pioneered by Professor Whitesides and the scientists at Nano-Terra. The Cambridge-based company is employing the design and manipulation of molecular structures for the creation of new properties and functionalities in materials.
Carmichael Roberts, Vice Chairman and co-founder of Nano-Terra, said, "3M is an innovative, diversified technology company with a stable of well-known brands, and is a global leader in commercializing nanotechnology. We are proud they have chosen Nano-Terra as a collaborative partner with the technology and expertise to apply nano-scale fabrication to commercially viable processes and products. As a first step, we are focusing on how our expertise in soft lithography and in molecular self-assembly can support 3M’s own development work in certain application areas."
The co-development work will be performed primarily at Nano-Terra’s lab facilities in Cambridge, with frequent input from and milestone reviews by 3M.
About Nano Terra LLC
Nano-Terra is a privately-held research and development company which has field-exclusive licenses to more than 50 patents on work done by co-founder Dr. George Whitesides at the renowned Whitesides Lab at Harvard University, where he is the Woodford L. and Ann A. Flowers University Professor.
The company leverages this intellectual property through co-development and other agreements with Fortune 500 industrial and manufacturing companies and the U.S. Government.
Nano-Terra’s nano-scale, molecular methods can be used to fabricate advanced materials and devices that enhance existing products or create entirely new products in a broad range of areas, including: smart materials and surfaces; flexible electronics such as displays and electronic packaging; fuel cells, batteries and solar power devices; sensors; industrial products and processes; and a wide range of consumer goods. For more information, visit www.nanoterra.com.
About 3M - A Global, Diversified Technology Company
Every day, 3M people find new ways to make amazing things happen. Wherever they are, whatever they do, the company’s customers know they can rely on 3M to help make their lives better. 3M's brands include Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti. Serving customers around the world, the people of 3M use their expertise, technologies and global strength to lead in major markets including consumer and office; display and graphics; electronics and telecommunications; safety, security and protection services; health care; industrial and transportation. For more information, including the latest product and technology news, visit www.3M.com.
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