Colo. – NanoProducts Corp. will expand its nanoscale
material manufacturing and marketing capability following
a $16.4 million investment led by a subsidiary of
Koch Genesis Company, LLC. Koch Nanomaterials, LLC,
which becomes a majority owner in the company, is
a new investor; Southern California Gas Company has
also recently increased its investment.
“ Since our founding, we have focused on developing
and manufacturing nanotechnology-enabled products
that are transforming industries, ” said
Tapesh Yadav, company founder and chairman of the
board. “ We have focused on applications that
generate differentiating value for market leaders.
We have also systematically and ambitiously scaled
up our nanotechnology manufacturing capabilities
to provide enabling customer solutions.
new investment provides us the growth capital to
expand our manufacturing capabilities, accelerate
business development initiatives and pursue our business
NanoProducts was founded by Tapesh Yadav, a pioneer
in the nanotechnology industry, to develop and commercialize
nanotechnologies. NanoProducts ' array of high performance
materialsinclude metal oxide, non-oxide and formulated,
functionalized compositions. These advancedmaterials
are being used today in coatings, paints, cosmetics,
textiles, polymer additives,electronics, biomedical,
clean energy, lubricants and polishing products.
The company owns more than 90 key patents in a wide
range of nanotechnology processes, products and applications.
“ We believe NanoProducts has the technology and
experience that can revolutionize products and chemical
processes through the use of their high performance
nanoscale materials, ” said Tim Cesarek, president
of Wichita, Kan.-based Koch Genesis. “ The
company ' s team members have distinguished themselves
as entrepreneurs who are focused on innovation. NanoProducts
has a robust technical platform supported by an extensive
patent estate of process and applications allowing
it to address the needs of customers in a number
of industries. ”
addition to the significant investment, Koch Nanomaterials
brings us operational expertise, technical capabilities
and market channel access, ” said
Rick Strandlund, president and chief executive officer. “ We
are excited about the future and our ability to invest
in more entrepreneurial opportunities and create value
and optionality for the company and its stakeholders.
We are looking forward to adding top talent to our
management team, forming additional corporate partnerships,
and adding top quality, highly reliable manufacturing
capacity to serve our markets. ”
NPC markets its products and performance-enhancing
solutions worldwide. Its manufacturing capabilities
are ISO 9001:2000 certified.
NanoProducts Corporation is based in Longmont, Colo.
The company develops and manufactures nanoscale materials
(those less than 100 nanometers in size), employing
patented technologies to produce nanoscale particles
(nanotechnology building blocks) in commercial volumes.
The company ' s nanoscale powders are ideal for use
in a wide range of industries including coatings,
electronics, photonics, biotechnology, personal care,
plastics, thermal, energy, sensor, information technologies,
automotive, aerospace, and sporting goods applications.
NanoProducts has successfully produced more than
250 different technology-intensive material compositions
including nano-engineered metal oxides, carbides,
nitrides, borides, chalcogenides and metal powders.
See www.nanoproducts.com .
Koch Nanomaterials, LLC, based in Wichita, Kan.,
is a subsidiary of Koch Genesis Company, LLC. Koch
Genesis provides direct capital investments to early
stage companies that have disruptive, revolutionary
ideas and products. Koch Genesis is an indirect subsidiary
of Koch Industries, Inc., which owns a diverse group
of companies engaged in operations, trading and investments.
Koch companies have a presence in about 50 countries
and employ about 80,000 people.
See www.kochgenesis.com .
The Gas Company is the nation ' s largest natural
gas distribution utility, providing safe and reliable
energy to 19.5 million consumers through 5.5 million
meters. The company ' s service territory encompasses
approximately 20,000 square miles in most of central
and Southern California. The Gas Company strives
to provide exceptional customer service to enhance
the quality of life in the community. The Gas Company
is a regulated subsidiary of Sempra Energy (NYSE:
SRE). Sempra Energy, based in San Diego, is a Fortune
500 energy services holding company.