Mass. & HOUSTON--(BUSINESS WIRE)--Oct. 26, 2004--Foster-Miller
Inc. and Carbon Nanotechnologies Inc. announced today
that they have received a $3.96 million contract from
the Office of Naval Research in Washington, D.C.,
to develop a new class of military aircraft sealants
based on Single Wall Nanotube (SWNT) technology.
The two companies and their subcontractors will develop,
demonstrate and produce a range of carbon nanotube-based
conductive caulks, sealants and gaskets to replace
the current inventory of products containing conventional
metallic fillers. Through practical use of cutting
edge nanotechnology, these products hold the promise
of greatly reducing the weight and high maintenance
requirements of the military's most advanced aircraft.
"It's exciting to be bringing
the well-publicized promise of nanotechnology to products
that help sustain our military's technical superiority,"
said Dr. Jack DeMember, director of Business Development
for Materials Technology at Foster-Miller. "These
products will clearly provide the springboard to more
new innovations in both military and consumer goods."
Bob Gower, CEO of Carbon Nanotechnologies, adds, "This
project is another step towards bringing carbon nanotechnology
to market and further reinforces the importance of
our established research and product development relationship
About Foster Miller
Foster-Miller has been helping
clients improve their competitive position through
innovative engineering, design and development for
almost 50 years. Foster-Miller specializes in bridging
the gap between research and the marketplace by developing
new products and production lines. The company is
home to more than 300 engineers and scientists working
in the fields of robotics, advanced materials, custom
machinery, power systems, biotechnology and aerospace.
About Carbon Nanotechnologies
Carbon Nanotechnologies Inc.
(CNI) was founded in early 2000 to commercialize the
scientific breakthroughs in carbon nanotechnology
made at Rice University under the direction of Nobel
prize-winning scientist Dr. Richard Smalley. CNI is
the world's leading producer of single wall and other
small diameter carbon nanotubes and works closely
with partner companies to rapidly commercialize new
and improved products based on these revolutionary
materials. The company now has more than 450 customers
worldwide working on numerous applications including
conductive polymers, flat panel displays, fuel cells,
composites and nanoelectronics. The company's intellectual
property portfolio consists of over 100 patents and
applications ranging from the synthesis and processing
of these materials through to many of their key applications.
Twenty-six of these patent applications have been
issued or allowed to date. CNI has also completed
several pilot plants at its Kellogg Brown & Root
location in Houston, and by the end of 2004, expects
to complete a demonstration plant designed to have
a capacity of approximately 100 pounds per day.
Cindy Black, 781-684-4093
Thomas G. Pitstick, 281-492-5884