III-Vs Review

CVD signs to buy First Nano Inc assets

CVD Equipment Corporation has contracted with First Nano, Inc to purchase certain assets of their nanotechnology process development and equipment business.

First Nano develops solutions for single and multiwall nanotube and nanowire synthesis and manufactures CVD process equipment suitable for the synthesis of a variety of carbon nanotubes, one-dimensional nanostructures and nanomaterials.

Len Rosenbaum, president & CEO stated "We, at CVD, are looking forward to the addition of First Nano products and process knowledge to our company.

"The purchase of First Nano strengthens CVD's position in the carbon nanotube synthesis R&D sector. The First Nano brand further expands our market exposure in the nanotechnology market, a sector we have targeted for sales growth in our front end products."

Cary Chee, First Nano president added "We are pleased to become part of a company with a strong background and broad experience in chemical vapor deposition process equipment.

"We believe CVD's manufacturing and technological expertise, along with First Nano's focus on nanotechnology material synthesis will enable both our companies to realise greater market potential beyond simply R&D."