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Posted: April 6, 2010
American Nano Silicon Technologies Announces Cooperative Research and Development Agreement with the Chinese Academy of Sciences
(Nanowerk News) American Nano Silicon Technologies, Inc., a leading manufacturer and distributor of Micro-Nano Silicon, a basic raw material for detergents and other applications in the chemical industry, announced today that the Company has entered into a cooperative research and development agreement with Technical Institute of Physics and Chemistry of the Chinese Academy of Sciences (CAS). The agreement states that American Nano and Technical Institute of Physics and Chemistry of CAS will create a new Ultra Fine Chemistry Research Center, which will concentrate on developing improvements to Micro-Nano Silicon and expanding the use of Micro-Nano Silicon in various industrial fields. In particular, the Research Center will seek to broaden the application of Micro-Nano Silicon ultra fine structured chemicals in the creation of environmentally friendly chemical products.
The 10-year cooperative agreement provides that all research will be conducted on site at the Company's facilities. Pursuant to the terms of the agreement between American Nano and the Technical Institute of Physics and Chemistry of CAS, the Company will provide 500,000 RMB in first year and available laboratory instruments and equipment. The Technical Institute of Physics and Chemistry of CAS will provide personnel to develop materials and technology that will improve the efficiency of the application of ultra fine chemicals. American Nano will have an exclusive option and right of first refusal to obtain a royalty-bearing license on commercially reasonable terms to the Technical Institute of Physics and Chemistry of CAS's ownership interest in certain intellectual property resulting from the research center's activities.
The cooperation between American Nano and the Technical Institute of Physics and Chemistry of CAS will accelerate technological innovation by attracting outstanding scientific talent and enabling wider cooperation between American Nano and other Chinese research communities. According to the cooperative agreement, the collaboration will focus on areas of:
Development of ultra fine crystal structured chemicals in various industrial fields
Environmentally friendly chemical products
Research and development of ultra fine chemical products
Development and application of innovative construction materials
"We are pleased to have reached an agreement with the Technical Institute of Physics and Chemistry of CAS to create this new Ultra Fine Chemistry Research Center," said Mr. Pu Fachun, the Company's CEO, "It is important for us to provide our customers with products developed with state of the art technology. Cooperation with the Technical Institute of Physics and Chemistry of CAS will enhance our Company's R&D capability, and will also aid the Technical Institute of Physics and Chemistry of CAS in its efforts to use its unique and creative research skills in commercial performance. We are excited about the collaboration."
About American Nano Silicon Technologies, Inc.
American Nano Silicon Technologies, Inc., through its 95%-owned subsidiary, Nanchong Chunfei Nano Silicon Technologies Co., Ltd., is engaged in the business of manufacturing and distributing Micro-Nano Silicon. Micro-Nano Silicon(TM) is adaptable to and widely used in many consumer and industrial products, including laundry detergent, petrochemical, plastics, rubber, paper, ceramics and water treatment materials, etc.
Source: American Nano Silicon Technologies (press release)