10-07/08 :: July/August 2010
nanotimes
Companies Facts
“We are pleased to have successfully achieved this critical round of financing,” said CEO of Modumetal, Christina Lomasney. “The entire Modumetal team is looking forward to leveraging Mr. Silverman’s insight and experience to move our venture forward into a critical stage of sales growth and production scale- up.”
Modumetal of Seattle, WA, USA, founded in 2007, is realizing the commercial potential of a unique class of nano-laminated materials. Modumetal™ is a revolutionary nanolaminated alloy that is stronger and lighter than steel and will replace conventional metals and composites in many applications.
http://www.modumetal.com
M
olycorp Minerals, LLC (NYSE: MCP), a wholly owned subsidiary of Molycorp, Inc. and the
owner of the largest non-Chinese rare earth depo- sit in the world, and Neo Material Technologies Inc. (TSX: NEM), a global producer of neodymium- iron-boron magnetic powders and rare-earth-based engineered materials and applications, have entered into a letter of intent pursuant to which the two com- panies expect to cooperate in the rare earth “Mine to Magnets” supply chain to their mutual benefit.
The letter of intent contemplates a technology trans- fer agreement between the companies pursuant to which Neo would provide Molycorp with technical assistance and know-how with respect to production of rare earth metals, alloys and magnets. The letter of intent also contemplates potential supply agree- ments pursuant to which Neo would purchase mixed rare earth carbonates, as well as neodymium and praseodymium oxides or metals from Molycorp, and a potential cooperative marketing and distribution
arrangement under which Neo would market various Molycorp products.
Furthermore, Molycorp, Inc., filed an amendment to its registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a propo- sed underwritten initial public offering of its com- mon stock. Molycorp proposes to sell 28,125,000 shares of common stock in the offering. Additionally, Molycorp will grant the underwriters an option to purchase up to 4,218,750 shares of common stock to cover over-allotments, if any. The estimated price range for the initial public offering is $15.00 to $17.00 per share.
http://www.neomaterials.com
http://www.molycorp.com N
anoGram Corporation, a nanotechnology-based company based in California and partly ow-
ned by German venture capital company Nanostart, has been acquired by Teijin Limited (Tokyo Stock Exchange: 3401). This trade sale of its shareholding in NanoGram to Teijin marks the second exit so far this year for Nanostart. Earlier this year, the Swiss pharmaceutical giant Roche Diagnostics acquired the primary product line of another U.S.-based Nanostart portfolio company, BioMicro Systems Inc., in an asset sale transaction.
http://www.nanogram.com
http://www.nanostart.de T
he United States National Science Foundation has awarded NanoMech, Inc. a Phase 1 grant
focused on applying NanoMech‘s proprietary and patent-pending nanotechnology innovations to
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