Argonaut and Symyx Announce Collaboration.SAN CARLOS San Carlos (săn kär`lōs), residential city (1990 pop. 26,167), San Mateo co., W Calif.; inc. 1925. The chief manufactures are plastic products, hardware, and machine parts. , Calif. and SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)-- August 17, 1999-- Argonaut Technologies and Symyx Technologies, Inc. today announced that they have initiated a strategic collaboration to commercialize certain of Symyx' proprietary technology for high-throughput synthesis and screening of chemical materials. The first product offering of this collaboration is Endeavor(TM), an 8-cell continuous-stirred parallel pressure reactor. Endeavor levers technology originally developed by Symyx for use in Symyx' Parallel Polymerization polymerization Any process in which monomers combine chemically to produce a polymer. The monomer molecules—which in the polymer usually number from at least 100 to many thousands—may or may not all be the same. Reactors (PPR PPR peste des petitis ruminants. (TM)). PPR technology has been applied successfully in Symyx' polyolefins efforts, with thousands of polymerization reactions completed to date. Under the terms of the collaboration, Argonaut will develop, manufacture, and distribute the instruments worldwide, and the companies will share in the profits generated by the sale of the products. Argonaut will introduce the Endeavor at the American Chemical Society The American Chemical Society (ACS) is a learned society (professional association) based in the United States that supports scientific inquiry in the field of chemistry. Founded in 1876 at New York University, the ACS currently has over 160,000 members at all degree-levels and in National Meeting in New Orleans this month and is currently in discussions with companies regarding early access to this technology. "We expect that parallel synthesis will accelerate the discovery and optimization of a wide range of new materials," said David Binkley, Ph.D., president and chief executive officer of Argonaut. "Synthetic applications in materials science require specialized capabilities. Our relationship with Symyx provides Argonaut the opportunity to be the first to enter the growing arena of combinatorial materials science with a validated technology." Based on their own experience, Symyx recognized the potential for their technology to impact the industry. They were therefore careful in considering a partner for this collaboration. "Argonaut has a track record in the development and distribution of automated synthesizers as well as a record of continued product enhancements. This leadership makes Argonaut the ideal partner to enhance and widely commercialize our first instrument offering," said Steven Goldby, chairman and chief executive officer of Symyx. About Argonaut Founded in 1994, Argonaut Technologies has developed innovative technology that enables chemists to realize the productivity gains promised by parallel synthesis. Hundreds of customers worldwide utilize Argonaut synthesizers, software, and chemical resins and reagents to accelerate and automate chemical synthesis. From compact manual synthesizers suitable for every laboratory to fully automated library synthesizers, Argonaut provides tools that are appropriate for chemists throughout research and development. Argonaut is privately held with headquarters in San Carlos, California San Carlos is a city in San Mateo County, California, USA on the San Francisco Peninsula, about halfway between San Francisco and San Jose. It is an affluent small residential suburb located between Belmont to the north and Redwood City to the south. . Offices in Switzerland and Japan, and a global network of distributors, provide worldwide access to Argonaut products and support. About Symyx Founded by Drs. Alejandro C. Zaffaroni and Peter G. Schultz, Symyx is pioneering the field of combinatorial materials science, which develops and applies combinatorial methodologies to the discovery and improvement of materials for the electronics and chemical industries. Dr. Zaffaroni is also a founder of ALZA Corporation, DNAX Research Institute, Affymax N.V. and Affymetrix. Dr. Schultz is head of the Novartis Institute for Genomics Research and a professor of chemistry at the Scripps Research Institute. Symyx has over 150 employees and has raised approximately $150 million to date from research contracts and equity funding Equity funding An investment consisting of a life insurance policy and a mutual fund. The insurance policy is paid by the collateral value of fund shares, giving the investor the advantages of insurance protection with the growth potential of a mutual fund. . Symyx has alliances with Bayer AG, BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California) BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida , Celanese, Ciba Specialty Chemicals “Ciba” redirects here. For the pre-1971 company, see Novartis. Ciba Specialty Chemicals is a chemical company based in and near Basel, Switzerland. It was formed as the non-pharmaceuticals elements of Novartis were spun out in 1997, following the merger in the , The Dow Chemical Company The Dow Chemical Company (NYSE: DOW TYO: 4850 ) is an American multinational corporation headquartered in Midland, Michigan. Overview The Dow Chemical Company is currently the second largest chemical manufacturer in the World (after BASF)[1]. , Osram GmbH and Unilever. |
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