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22 nanotimes Companies Facts
The Vienna company Lithoz, a spin-off company of Vienna University of Technology, has developed a heart pump out of ceramics with outstanding material properties by using Rapid Prototyping. So far, it wasn't possible to use Rapid Prototyping for processing ceramic materials because the components' high-strength properties used to be too low.
Liquidmetal® Technologies Inc. (OTCBB: LQMT) has reached an agreement with Visser Precision Cast, LLC (VPC), a subsidiary of Furniture Row, LLC to provide manufacturing services to Liquidmetal. VPC is based in Colorado, USA. As part of this strategic agreement, VPC will provide mold and manufacturing technologies to Liquidmetal and its Certified Liquidmetal Partners to ensure that customers will be provided consistently high-quality products and support services. VPC agreed to make certain equity and debt investments in Liquidmetal Technologies, LLC. In particular, VPC purchased 20 million shares of Liquidmetal common stock on June 1, 2012 and agreed to purchase 10 million shares of common stock on June 28, 2012, all at a price of $.10 per share. VPC will also receive warrants to purchase a total of 15 million shares of Liquidmetal common stock at an exercise price of $.22 per share. VPC will also receive warrants to purchase a total of 15 million shares of Liquidmetal common stock at an exercise price of $.22 per share. VPC also agreed to loan up to $2 million to Liquidmetal pursuant to the terms of a 6% secured, convertible note in advances of $1 million each on September 15, 2012 and November 15, 2012. Amounts due under the loan may be converted by VPC to common stock of Liquidmetal at a price of $.22 per share. The equity and debt investments are subject to certain funding conditions.
Engineers and scientists at the Lockheed Martin (NYSE: LMT) Space Systems Advanced Technology Center (ATC) have completed delivery of key hardware subsystems for NASA‘s Magnetospheric Multiscale mission (MMS). The delivery comprised four flight subsystems and one flight spare unit. The prime contractor Southwest Research Institute (SWRI) partnered with Lockheed Martin to develop and build the Hot Plasma Composition Analyzer (HPCA) as part of the MMS instrument suite. The four satellites of the MMS mission will be deployed in an orbit to skim the boundary layer between the magnetosphere and the interplanetary magnetic field where magnetic reconnection is known to exist.
MagForce AG (Frankfurt, XETRA: MF6), a leading German medical device company in the field of nanomedicine with focus on oncology, and Tek Grup Inc., a Turkish medical product distribution company, signed an exclusive distribution agreement. Under the terms of the agreement Tek Grup will exclusively distribute MagForce‘s NanoTherm(R) therapy in Turkey, Albania, Iraq and Azerbaijan. Tek Grup is also responsible for obtaining marketing authorization of NanoTherm® therapy for the treatment of brain tumors in these regions. The scope of the agreement will be extended to other tumor in