API Nanotronics Corp., a leading supplier of electronic components and nanotechnology research and development to the defense and communications sectors, today announced it concluded a development agreement with a leading semiconductor capital equipment company, to develop proprietary high-performance Deep UV polarizers for next generation lithography equipment. API's deep UV polarizers represent an outstanding example of nanotechnology achieving major commercial applicability.
"The future of semiconductor fabrication lies in the deep UV," Dr. Martin Moskovits, API's CTO and nanotechnology expert said. "And we believe that API's nano-grating-based optical technology is the best available technology to manage UV over the large areas required to process large wafers." The proprietary deep-UV optical nano-products are manufactured at API Nanotronics' nanofabrication and MEMS facility, NanoOpto, in Somerset, New Jersey, which includes one of the world's largest multi-wafer atomic layer deposition production capabilities.
This agreement represents the latest of several joint projects API has undertaken with an impressive list of leading technology companies to develop ground breaking products by applying its nanotechnology processes to display, communications, defense, medical and life sciences and alternative energy applications. API is now positioned as a solutions-based optics and MEMS engineering enterprise with an identified addressable market exceeding $7B in defense and consumer products.
Stephen B. Pudles, Chief Executive Officer of API Nanotronics Inc., said, "It is highly gratifying to see that API's nanotechnology and MEMS capabilities are being recognized as cutting edge. We are very excited to work with companies of this size and quality and look forward to evolving into the industry leader for innovative nano optic and electronic components."