Tag Archives: Small Times Magazine

May 24, 2006 – Altair Nanotechnologies Inc. (NASDAQ: ALTI) announced it has completed a safety testing cycle for lithium ion battery products that it says is a step forward in the effort to develop lithium ion batteries that are safe enough to be used in electric-powered automobiles.

Although lithium ion batteries are the predominant power source for cell phones, laptop computers and many other small electronic devices, there are safety concerns related to the potential for explosion.

Altairnano has developed a nano-structured material called nano Lithium Titanium Oxide (nLTO) that replaces the graphite used in standard lithium ion batteries. The company says that series of safety tests conducted over the past few months have shown that Altairnano’s nLTO remained safe under conditions where standard graphite-based cells typically smoke, vent and explode.

May 24, 2006 – SUSS MicroTec announced it received an order for a production wafer bonding system from Freescale Semiconductor (NYSE:FSL)(NYSE:FSL.B). Freescale calls silicon wafer bonding is a key enabling technology for the mass production of cost effective MEMS accelerometers.

SUSS MicroTec is a precision manufacturing and test equipment supplier for the semiconductor and emerging markets. Freescale Semiconductor designs and manufactures embedded semiconductors for the automotive, consumer, industrial, networking and wireless markets.

May 24, 2006 – MPhase Technologies announced that it has extended its agreements with Bell Labs, the research and development arm of Lucent Technologies, to continue their joint nanotechnology development efforts.

The agreements cover the development of smart nano-structured batteries and a series of ultra-sensitive magnetometers. Prototype components are being produced in the fabrication facility of the New Jersey Nanotechnology Consortium, a subsidiary of Lucent based at and run by Bell Labs in Murray Hill, N.J.

MPhase Technologies develops and commercializes telecommunications and nanotechnology solutions.

May 24, 2006 – Applied NanoWorks has added an operations manager to its leadership team. Tim Ullman will be responsible for taking the lab scale processes for nano-scale materials and implementing the first production scale equipment and trials.

Applied NanoWorks, headquartered in Watervliet, New York, manufactures semiconductor and metal-oxide nanomaterials.

May 23, 2006 — Saying that its listing on the NASDAQ has played a big role in Harris & Harris (NASDAQ: TINY) becoming one of the venture capital firms with the most investments in nanotechnology, company Chairman and CEO, Charles Harris, rang the closing bell. He was accompanied by employees of the New York-based firm.

Harris celebrated the company’s 13th anniversary by ringing the closing bell. “Of our eight portfolio companies which have completed initial public offerings, seven have listed on NASDAQ,” Harris said in a written statement. “Moreover, over the last three years, our company has been able to raise capital to invest in start-up tiny-technologies companies through three underwritten offerings of our shares.”

Harris & Harris is a publicly traded venture capital company that now makes initial investments exclusively in what it calls ‘tiny technology,’ including nanotechnology, microsystems and MEMS. The company’s last 30 initial private equity investments have been in tiny technology-enabled companies.

May 23, 2006 – Battelle Ventures announced it led the $4-million Series A financing of BioVigilant Systems. BioVigilant Systems makes microbial detection technology and develops instruments that detect microbes and bio-agents in air and liquid. Innovation Valley Partners (Battelle Ventures’ affiliate fund), Pearl Street Venture Funds, and Community Investment Corporation of Tucson, Arizona, participated in the round.

BioVigilant Systems began in November 2002, funded by $2.4 million in startup financing. It is headquartered in Tucson, Arizona. The company currently offers the IMD-A instrument for microbial detection of airborne contaminants for applications in homeland security and pharmaceuticals manufacturing, and plans to introduce the IMD-L instrument for liquid sampling in pharmaceuticals by the end of 2006.

May 22, 2006 – Veeco Instruments (Nasdaq: VECO), announced that it received an order from Sumika Elecronic Materials for its next-generation E450 metal organic chemical vapor deposition (MOCVD) system.

Sumika, an epitaxial wafer supplier, intends to expand its production of pseudomorphic high electron-mobility transistors (pHEMTs). Gallium-arsenide based pHEMTs are used in a variety of wireless and high-speed applications including power amplifiers and switches for cellular phone and other mobile communications devices.

Sumika will place the tool at its Phoenix, Ariz. fab.

May 22, 2006 – Aviza Technology (NASDAQ:AVZA) announced the shipment of its single wafer atomic layer deposition system, Celsior, to an integrated circuit foundry in China. The Celsior system is targeted for production of 90-nanometer DRAM chips.

Aviza Technology is a supplier of advanced semiconductor equipment and process technologies for the semiconductor, compound semiconductor, nanotechnology and other related markets.

May 22, 2006 – Molecular diagnostic tests are the essential tools needed to closely match a more careful diagnosis at an early stage with new drugs that are designed to precisely target disease in carefully identified patient groups. That kind of personalized medicine is expected to greatly increase the response rate that patients have to a drug, which today is often a hit-and-miss approach, and advance the response time to treating disease. And Nanosphere just raised $57 million from investors who believe that the company’s use of nanotechnology in the ultra-sensitive pursuit of molecular materials can offer a big improvement over the current generation of diagnostic tools on the market.

Nanosphere’s technology platform — the Verigene System — is based on work begun at the Nanotechnology Institute at Northwestern University in Chicago. It relies on the use of nanoparticles to detect nucleic acids and proteins in minute quantities.

The problem with current systems, says Nanosphere CEO Bill Moffitt, is that they rely on complex technology that is expensive, lab-based and requires relatively large samples that run the risk of contamination.

Verigene, though, relies on gold nanoprobes that are 13 nanometers in size, roughly the size of DNA. “We take the analytical system down to the level of the biology,” says Moffitt. Large numbers of gold nanoparticles can be dispatched to find a genetic mutation, for example, which can be captured on a microarray and put on a slide. “And now I can coat the gold nanoparticles with silver, which are very reflective, shine a white light on it, and I can see it.”

Moffitt says he’s close to gaining regulatory approval to begin the commercialization process.

“We have our first test in clinical trials now and we expect to put them on the market about the end of the year,” says Moffitt. “The first test should be a panel that measures or detects mutations that cause hypercoagulation; a mutation that makes you prone to blood clots and a higher probability of stroke.”

The second test will be for cystic fibrosis and a third will be used to test a family of enzymes — the cytochrome P450 family — that “metabolize about half of all drugs on the market.” Depending on the way you metabolize medicines, genetic mutations could create severe adverse effects or simply make normal dosages ineffective.

Those tests will be critical instruments in the push to advance a new generation of biotechnology drugs.

“If you think about pharma over the last 50 years,” says Moffitt, “they’ve been going after the low hanging fruit. It’s not been easy to develop them, but they’ve been broad spectrum drugs, reasonably effective and for the most part don’t have horrible side effects. But as we understand more and more about the pathways of diseases, you look to affect the biology as soon as possible, with as early detection as possible.”

Biotech drugs are targeted at the molecular level, he adds. “Those drugs will work on some and definitely not on others. They have lots of drugs that failed to make it through, because they’re only 10 percent effective. But they’re not 10 percent effective, they’re 100 percent effective on 10 percent of the people. But how do you know how to pick the population unless you have the diagnostic method to determine which people have the biochemical makeup to make that drug effective?”

Northbrook, Ill.-based Nanosphere has inked a series of pacts with companies that specialize in finding biomarkers that indicate whether someone is susceptible to a disease.

That was the model for Nanosphere’s new work in developing a test to discover Alzheimer’s. Applied Neurosolutions, which has been identifying biomarkers associated with Alzheimer’s, will apply Nanosphere’s technology to finding them in patients suspected of having the disease. Currently, there is no diagnostic test for Alzheimer’s, which can be conclusively proven only in a post-mortem examination. The two companies believe that the nanotechnology can not only provide the first real diagnostic test, but that it can lead to early diagnosis, the possible use of other bodily fluids to be used in tests, and a more targeted therapeutic response.

May 19, 2006 – Raymor Industries announced that its wholly-owned subsidiary, AP&C Advanced Powders and Coatings has received an order from Boeing (NYSE: BA) for the purchase of spherical nitinol powder for use in its next generation of composite aerospace applications.

Nitinol refers to a group of alloy made primarily of nickel and titanium. After bending or deforming, nitinol regains its original geometry by itself during heating or simply during unloading, properties useful for composites in aerospace applications.

Raymor develops and produces single-walled carbon nanotubes, nanomaterials and advanced materials.