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Posted: February 11, 2008
Arrowhead Subsidiary, Unidym, Ramps up Manufacturing to Meet Carbon Nanotube Demand
(Nanowerk News) Unidym, Inc, a majority-owned subsidiary of Arrowhead Research Corporation (NASDAQ:ARWR), announced today that it is expanding its Houston manufacturing operations to meet the growing demand for high quality carbon nanotubes used by both its transparent electrode business and the market in general. Unidym, which recently merged with Carbon Nanotechnologies, Inc. (CNI), has its headquarters in Menlo Park, California and carbon nanotube manufacturing operations in Houston, Texas.
“Unidym is ramping up to meet increasing demand for carbon nanotubes from both new and existing customers,” said Art Swift, CEO and president. “Projected demand is particularly strong in electronics and composite materials applications. As a result, we are investing in additional production capacity and adding manufacturing, engineering and development personnel.”
Worldwide demand for carbon nanotubes is increasing rapidly as applications for the material have matured. “The global carbon nanotubes market is expected to exceed $1.9 billion by 2010,” according to a new report by Global Industry Analysts, Inc.(a), one of the many industry analysts groups that are projecting significant increases in carbon nanotube-based revenues.
Unidym’s CEO Swift recently spoke at the Rice University Rice Alliance Technology Venture Forum, where the focus was on showcasing advances in nanotechnology through presentations from the leading edge researchers and companies. “We have strong Texas roots through our association with the late Dr. Richard Smalley of Rice University, the Nobel Prize winning pioneer of carbon nanotubes and founder of CNI. We expect to continue to benefit from the thriving nanotech ecosystem that exists in and around Houston.”
Unidym (www.unidym.com) is a leader in the manufacture and application of carbon nanotubes (CNTs), a novel material with extraordinary electrical, thermal and mechanical properties. Unidym provides bulk materials, CNT-enabled products and intellectual property to a wide range of customers and business partners. As a result of its recent merger with CNI, Unidym possesses a foundational patent portfolio that covers nearly every aspect of CNT manufacturing and processing, as well as multiple product applications.
Unidym is focused on the electronics industry where its initial products include transparent electrodes for touch screens, flat panel displays, solar cells, and solid state lighting; electrodes for fuel cells; and thin film transistors for printable electronics. Unidym is also pursuing a cross-industry partnership strategy to capture value from the wide ranging uses of CNTs. Unidym’s licensing program, technical expertise and manufacturing facilities can enable partners to rapidly develop CNT solutions for their specific applications. Unidym is a majority-owned subsidiary of Arrowhead Research Corporation (NASDAQ: ARWR - News) For more information about Arrowhead, please visit www.arrowheadresearch.com.
(a) Source: Carbon Nanotubes - A Global Strategic Business Report, Publisher: Global Industry Analysts, Inc. USA (www.StrategyR.com)
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