QuantumSphere, OM Group leverage nanomaterials for clean tech

July 20, 2007 — QuantumSphere, Inc. (QSI), manufacturer of nanometals and alloys for applications in renewable energy, portable power, defense, and other markets, has expanded its partnership agreement with OM Group (OMG). The companies will co-develop new, proprietary applications for the clean energy and portable power sectors. In addition, OMG will supply QSI with raw materials at large volume pricing in exchange for the right to market and distribute QSI-Nano products to OMG’s existing global customer base.

As part of the agreement, OM Group has agreed to purchase $2,000,000 of common stock from QSI, and will receive warrants to purchase an additional $1,230,000 of common stock by 2012.

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