(CNano), founded in 2007 to change the economics of producing a wide range
of applications based on extremely pure carbon nanotubes, announced today at
NT09: Tenth International Conference on the Science and Application of Nanotubes,
that it has successfully scaled up its manufacturing technology to reach the
world's largest production capacity of 500 tons per year for multiple wall carbon
nanotubes. The carbon nanotube products are already in evaluation with selected
customers in several markets that include electronics, automotive and energy
"This manufacturing capability is an important milestone in the drive
to meet current and future customer supply demands. The production line validates
our technology at a much larger scale while providing a reliable large volume
supply source for customers utilizing the unique properties of carbon nanotubes
in their products," said Xindi Wu, President and CEO of CNano.
CNano proprietary manufacturing technology enables large scale production at
a lower cost structure than other commercial nanotube manufacturing processes.
The growing list of commercial applications for carbon nanotubes includes conductive
plastics for electronics and automotive, structural composites for sporting
goods and aerospace, conductive coatings for displays and aerospace and electrodes
for batteries and super capacitors among others.
"CNano has achieved a truly significant milestone. CNano can now bring
mass produced nano materials to market at the right price. The company has broken
through a barrier that has existed in this market up until now. They have successfully
scaled the manufacturing process for making carbon nanotubes. This now makes
their unique combination of elevated mechanical properties and low electrical
resistivity available at the low cost necessary for adoption in large consumer
and industrial markets," said Tom Baruch, founder and managing director
of CMEA Capital, who serves as chairman of CNano.
"CNano's management has brought high quality US-style manufacturing into
China, tapping the best from both sides of the Pacific Ocean. Through its large
scale production of carbon nanotubes, we expect to see more applications that
will be feasible that leverage the highly unique properties of this material,"
said Peter Liu, Chairman of WI Harper.
"This major capacity expansion not only validates CNano's differentiated
low cost production capabilities but also now resolves market concerns on price
and high volume supply," added Purnesh Seegopaul, Partner at Pangaea Ventures.
CNano platform production technology also facilitates the production of other
types of carbon nanotubes. The Company plans to further leverage the 500 ton
plant for additional products to be rolled out in the near future.