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Eikos to Acquire Significant Position in Mysticmd for Collaboration in Exciting New Products Using Carbon Nanotube Coatings (CNT)

Published on 2004-03-24. Author : SpecialChem

 

Eikos Inc., a developer and manufacturer of carbon nanotube (CNT) inks for highly transparent conductive coatings and circuits, is acquiring a substantial position in MysticMD Inc.

A highly innovative product development company, MysticMD will collaborate with Eikos to jointly develop and license medical and security products using Eikos' InvisiconTM proprietary carbon nanotube formulations.

MysticMD, through its founder and CTO, Joel S. Douglas, has a strong track record of successfully commercializing products and holds nearly 60 patents in the medical testing arena. Prior to starting the privately funded MysticMD, Douglas ran several medical technology and testing companies. The first company he co-founded, Amira Medical, developed the first alternate site glucose meter, which was successfully acquired by Roche Diagnostics in 2001.

In announcing the agreement, Eikos CEO Joe Piche said, "MysticMD and Eikos will have a highly symbiotic relationship and we expect to see new product developments later this year. MysticMD will develop devices with exciting potential that incorporate the unique characteristics of our materials for industries that we hadn’t yet addressed. We will continue to focus on large-scale commercialization of Invisicon™ inks for the Display, OLED lighting, flexible Solar and other large markets. "

"Eikos' patented CNT coating technology provides substantial manufacturing and functionality advantages, and we've developed several products around their Invisicon formulations," explains MysticMD founder and CTO Joel Douglas. "We believe Eikos is an ideal partner that will expedite our time to market."

About MysticMD

MysticMD Inc. is a research and development company that focuses on driving new product development through selective partnering to extend and leverage complementary capabilities. The company is applying novel technology and processes to patent new applications in various arenas including medical devices, security and verification, as well as the gaming industry.

About Eikos

Eikos Inc. is a developer and manufacturer of highly transparent carbon nanotube (CNT) inks for conductive coatings and circuits for use in flat panel displays, OLED lighting, solar cells, smart windows and other established markets. Eikos' patented InvisiconTM transparent conductors ('nanowires') will enable high volume, low cost production of a thinner, more flexible and more durable conductive coating technology that will displace Indium Tin Oxide (ITO) as the industry standard. A privately held company headquartered in Franklin Massachusetts, Eikos has a number of licenses, and development contracts with major global companies, U.S. military agencies and NASA and is planning to establish manufacturing operations in the U.S. and Asia.

Source: Eikos Inc.


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