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NEI Receives Eight Phase I SBIR Awards from DoE for Solutions in Clean Energy

Published on June 20, 2008 at 10:18 AM

NEI Corporation, a proven provider of engineered nanomaterials, announced the award of eight Phase I SBIR awards from the DoE today. These contracts will run concurrently and span the range from creation of next-generation battery materials to self-healing anti-corrosion coatings, to innovations in heat transfer fluids. These programs will all extend NEI’s twelve-year expertise in solving energy related problems.

These awards, an unprecedented eight concurrent Phase I SBIR awards to NEI Corporation in this funding round, are a testament to the broad spectrum of NEI’s advanced technology solutions for clean energy. The awards are, in part, credited to NEI’s long track record of building commercial successes in a wide range of applications markets. In addition to NEI’s expertise in nanotechnology-based product development, the company has created state-of-the-art manufacturing processes that enable it to deliver cost-effective products in tonnage quantities of materials that range from next-generation battery materials, to self-healing anti-corrosion coatings, to waste water treatments, to heat transfer fluids. These 8 programs, along with already awarded and pending future programs, will extend NEI’s twelve-year expertise in solving material related problems.

“I am pleased that NEI Corporation has matured into a diversified nanomaterials business with a focus on delivering value to our customers,” says Dr. Ganesh Skandan, CEO of NEI Corporation. Dr. Skandan added, “We are successfully executing our market strategy and shaping the future of our company to be a leader in nanotechnology. The DoE grants provide new avenues for implementing advanced nanomaterials in specific energy-related applications”. Company co-founder and Chairman of the Board, Gary Tompa, noted that “NEI’s recent grant and sales successes reflect the companies maturing nature in providing real solutions to consumer needs.”

As a company, NEI has long recognized that its expertise in nanotechnology has dramatic potential in shaping the future of clean energy for the betterment of society in general. NEI sees even greater potential for its technologies and welcomes developers and end-users whose inquiries would benefit from our applications laboratories capabilities as well as investor inquiries.

Posted June 20th, 2008

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