Aug. 3, 2004 — Lockheed Martin Corporation and NanoSonic, Inc., on Wednesday signed a multi-year agreement to work on general market developments related to products, services, customer implementations and current projects related to the field of nanotechnology.
According to a release, this agreement allows both companies to collaborate on emerging nanotechnology initiatives with many applications expected in the aerospace and defense industries.
Technical advances to be pursued include those in the nanomaterial and nano-coating areas. Both parties expect to provide improved technical, price and delivery considerations to their customers.
NanoSonic, headquartered in Blacksburg, Va., was created in 1998 in cooperation with Virginia Tech, and the State of Virginia. It recently announced its manufacturing of a new material called Metal Rubber that is being investigated for varied uses from the biomedical to the aerospace industries.