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Arrowhead Sells Subsidiary Aonex Technologies to AmberWave Systems

Arrowhead Research Corporation announced today the sale of its majority-owned subsidiary, Aonex Technologies, to AmberWave Systems. Under the terms of the deal, AmberWave will pay Aonex shareholders up to $7.95M in earn-out payments, plus a running royalty on sales of solar products incorporating Aonex's technology.

May 6th, 2008

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