NanoDynamics forms IP, energy partnerships

November 5, 2007 – NanoDynamics Inc. has recently announced new partnerships in the company’s attempt to explore new business opportunities — one with an intellectual property firm and another with an oil and gas venture.

The Buffalo, N.Y.-based company has established an agreement with Greenberg Traurig LLP to investigate intellectual property partnerships in the nanotechnology sector. The agreement expands NanoDynamics’ existing relationship with the firm, and will focus on identifying commercialization opportunities for its TechBank IP technologies.

In a separate partnership, NanoDynamics announced recently the formation of a joint venture with Shell Technology Ventures Fund 1 B.V. to develop new materials and products expected to improve exploration and production efforts in the international oil and gas industry. The joint venture, Epik Energy Solutions L.L.C., capitalizes on NanoDynamics’ capabilities in nanomaterial synthesis and product engineering, in applications ranging from solar energy conversion, energy storage, lightweight wear-resistant materials and water purification to enhanced down-hole and construction materials and taggants.

“Epik Energy Solutions will leverage the technology, materials, and process capabilities of NanoDynamics, with the guidance and industry knowledge of Shell Technology Ventures Fund 1 B.V., to address several of the ongoing challenges in the global oil and gas industry,” said Keith Blakely, NanoDynamics’ chief executive. “This joint initiative will target the application of nanomaterials and nano-enabled products to improve a broad range of exploration and production issues.”

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