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Unidym and Tokyo Electron Begin Joint Program to Develop Large Scale Manufacturing Equipment for Printable Carbon Nanotube-Based Displays and Solar Cells

Published on 2010-06-14. Author : SpecialChem

SUNNYVALE, Calif. -- Unidym, a majority owned subsidiary of Arrowhead Research announced that it has finalized an agreement with Tokyo Electron (TEL) to develop manufacturing equipment for carbon nanotube based displays and solar cells. TEL is the second largest semiconductor production equipment manufacturer in the world.

"The partnership with TEL is critical in providing a complete manufacturing solution to our customers in the LCD and solar industries," said Mark Tilley, President and CEO of Unidym. "TEL is one of the world leaders in wet coating technology, and they have direct channels to market in the display and solar industries."

"We are impressed with Unidym's leadership in expanding CNT applications into the electronics, display and PV markets. We believe Unidym's CNT ink and our coating platform solution will present a great value to our customers." said Taku Kawauchi, marketing group leader, Tokyo Electron Flat Panel Display business unit.

Under the terms of the agreement, Unidym and TEL will develop a coating tool for LCD and solar manufacturers to use in coating Unidym's electronic inks into their devices.

The companies intend to cooperate in marketing the CNT electronic inks and coating equipment to their joint customers.

About Unidym, Inc.:

Unidym is a leader in carbon nanotube-based transparent, conductive films (TCFs) for the electronics industry. TCFs are a critical component in devices such as touch panels, displays, and thin-film solar cells. For example, both touch panels and LCDs typically employ two TCF layers per device. Unidym's TCFs offer substantial advantages over the incumbent technology, indium-based metal oxides, including: improved durability, lower processing costs, and lower overall cost structure.

About TEL:

Tokyo Electron Ltd, established in 1963, is a leading supplier of innovative semiconductor and FPD production equipment worldwide. In Japan, TEL also distributes computer network related products and electronic components of global leading suppliers. To support this diverse product base, TEL is strategically located around the world. TEL is a publicly held company listed on the Tokyo Stock Exchange.

Forward looking statement

This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the future success of our scientific studies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments, the financial resources available to us, and general economic conditions. For example, there can be no assurance that Arrowhead or its subsidiaries will be able to sustain operations for expected periods, that we will be able to achieve or sustain targeted levels of expense reductions or that any of these entities will be successful in obtaining additional funding needed to sustain operations. Arrowhead Research Corporation's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q discuss some of the important risk factors that may affect our business, results of operations and financial condition. We disclaim any intent to revise or update publicly any forward-looking statements for any reason.

Source: Unidym, Inc.


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