NanoWorld Teams Up With World-Renowned Nanotechnology Lab; Contract with Joint Research Facility to Deepen NAPH's Expertise and Speed Development.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 21, 2000 NanoWorld Projects Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NAPH NAPH National Association of Professors of Hebrew NAPH National Association of Public Hospitals & Health Systems NAPH National Association of Physically Handicapped ) announced today that the company has signed a research agreement with the Orientationally Ordered Media (OOM) Lab, a joint creation of: -- IOFRAN (the General Physics Institute of the Russian Academy of Science's theoretical department); -- NIOPIK (several laboratories of the State Scientific Center of the Russian Federation); -- POLITECNICO OF TORINO's physics department; and -- the Optics and Photonics departments of CENTRO RICERCHE FIAT. The research agreement is intended to focus broadly on nanotechnology applications With nanotechnology, a large set of materials and improved products rely on a change in the physical properties when the feature sizes are shrunk. Nanoparticles for example take advantage of their dramatically increased surface area to volume ratio. Their optical properties, e.g. , with a special focus on nanoparticles. Founded in 1997, OOM was the first initiative by Centro Ricerche Fiat in the field of nanotechnology. With input and assistance from all the partners, OOM is a virtual laboratory that investigates the structure and properties of orientationally ordered media, including liquid crystals, surfactants, chiral chi·ral adj. Of or relating to the structural characteristic of a molecule that makes it impossible to superimpose it on its mirror image. chi·ral dopants, dyes, spin-ordered media, and Langmuir-Blodgett film. The coordinated research activities deepen deep·en tr. & intr.v. deep·ened, deep·en·ing, deep·ens To make or become deep or deeper. deepen Verb to make or become deeper or more intense Verb 1. the world's understanding of the processes of structure formation and the inter-relationship between structure and media. "We are very fortunate to be able to work with OOM," said Robert Papalia, Director and Chairman of NanoWorld. "This is the foremost center for nanotechnology research in the world. NanoWorld's relationship with OOM puts the company definitively into the leadership of research in nanotechnology applications." About the Orientationally Ordered Media Lab OOM, a unique combination of industry and academy, is the world's foremost nanotechnology research laboratory. About NanoWorld Projects: NanoWorld Projects is pioneering the industrialisation Noun 1. industrialisation - the development of industry on an extensive scale industrial enterprise, industrialization manufacture, industry - the organized action of making of goods and services for sale; "American industry is making increased use of of a revolutionary new field of molecular-level building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . . The company expects its nanotechnology applications to facilitate great technological strides in many disciplines, including health, chemistry, electricity, and optics. Nanotechnology has the potential to improve industrial processes, from the creation of computer chips with greater storage and processing capabilities to highly effective anti-corrosion coatings for metals. NanoWorld's technology has piqued the interest of a wide range of business, political, and academic powerhouses. The technology was made a White House priority when President Bill Clinton allocated US$500mm from the 2000 federal budget towards nanotechnology research and development. With that context and to better exploit and expand its patent and technology portfolio, NanoWorld recently announced the signing of a long-term contract to conduct joint research in the field of nanotechnology with Centro Ricerche Fiat (CRF CRF abbr. chronic renal failure CRF Chronic renal failure ) -- the highly respected R&D arm of The Fiat Group of Companies. Note: Statements in this release which are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Actual future results may differ materially. The risks, uncertainties, and other factors that could influence actual results are described in the company's annual and periodic reports filed with the US Securities and Exchange Commission. |
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