March 22, 2004 — ApNano Materials Inc. and Hatco Corp. are jointly developing nanoparticle-based lubricants for aviation, automotive, industrial and other applications, according to a news release.
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The deal allows New York and Israel-based ApNano, formerly Applied Nanomaterials, to expand the uses of its NanoLub particles, a structure of nested spheres that lubricate by rolling like miniature ball bearings. Hatco, a unit of New Jersey-based specialty chemicals firm Kaufman Holdings, will sell the resulting lubricants.