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Posted: May 3, 2010
Nanotube Manufacturer Nanotailor, Inc. Receives Texas Commercialization Award
(Nanowerk News) The Austin Chamber of Commerce and the Central Texas Regional Center of Innovation and Commercialization (CenTex RCIC) announce that the state of Texas has chosen Nanotailor Inc. as the recipient of a commercialization award funded through the Texas Emerging Technology Fund (TETF). This company, which is a manufacturer of single walled carbon nanotubes (SWNT), will receive an initial $250,000 pre-seed award of a reserved $1.25 million for the commercialization of its technology.
“Nanotailor’s patented technology enables the production of highly pure single-walled nanotubes that are ten times lighter and 250 times stronger than steel,” said Jack McDonald, Chairman of Perficient, Inc. and Chairman of the CenTex RCIC. “We are pleased to invest in the commercialization of this proprietary technology that can help spur the growth of nanotechnology development and keep Central Texas on the cutting edge of innovation.”
Nanotailor licensed NASA technology that allows the manufacturing of SWNT without the use of a metal catalyst. Their initial target market is research institutions, institutions of higher learning, and government institutions requiring SWNT for their research and development efforts.
“We are very pleased to have received financing from such a prestigious source as the Texas Emerging Technology Fund,” said Ramon Perales, President and CEO of Nanotailor, Inc. “The commercialization of Nanotailor’s technology will create SWNT without the use of a metal catalyst, which will ultimately produce a superior SWNT without metal impurities commonly found in other SWNT.”
These funds will be used by Nanotailor to improve upon the manufacturing process by commercializing a new set of processes and building an automated manufacturing machine that enables scalable manufacturing of SWNT without a metal catalyst.
Currently, Nanotailor is collaborating with Gary Beall, Ph.D., Professor of Chemistry at Texas State University, who will aid in Nanotailor’s commercialization efforts. Gary Beall, Ph.D. has more than 20 years experience in research, development, processing and commercialization of products utilizing advanced materials. This collaboration with Texas State University will grant Nanotailor access to characterization equipment, high quality personnel and academic researcher knowledge. In addition, Texas State will provide a high quality workforce to choose from for Nanotailor’s engineering and scientific efforts.
Nanotailor Inc. was selected by the CenTex RCIC after an extensive due diligence process based on multiple criteria including a stringent analyses of the market and financial opportunity, technology potential, management team and economic impact to Texas.
The CenTex RCIC is a virtual center that operates out of the Austin Chamber of Commerce and serves as a catalyst for emerging technology research, development, commercialization and start-up incubation. In an effort to keep Texas globally competitive, the CenTex RCIC focuses on integrating technology development and commercialization in a 15-county region.
Source: Central Texas Regional Center of Innovation and Commercialization