Nano-Proprietary, Inc., through
its subsidiary, Applied Nanotech, Inc., and NanoReady Ltd. of Israel
announced a strategic alliance for the manufacturing in volume metallic
nanoparticles using NanoReady's wet chemistry process.
The initial focus of the strategic alliance will be volume
production of copper nanoparticles to be utilized on a worldwide
exclusive basis by ANI and its partner in Japan (a leading industrial
chemical products company, see the press release of October 1, 2007)
for producing inkjettable copper inks for the flexible electronics,
solar cell, digital printed circuit board (PCB) and many other
industries.
The current agreement with NanoReady is highly important due
to ANI's fast progress in developing inkjettable copper inks. Based on
this progress ANI and its partner in Japan decided that it would be
important to secure volume production of copper nanoparticles and, in
the future, other metallic nanoparticles for their metallic ink
products.
"We are very pleased to cooperate with NanoReady and develop
our products based on their proprietary wet chemistry process that is
inducible to high volume production of copper nanoparticles required
for our ink products," said Dr. Zvi Yaniv, president and CEO of ANI.
Ronen Frish, NanoReady's CEO, adds: "The cooperation of our
two companies opens a broad range of new opportunities within the ink
industry and will lead to opportunities in additional industries."