Indium Corporation Acquires Assets of Reactive NanoTechnologies |
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Indium Corporation
1676 Lincoln Ave., P.O. Box 269
Utica, NY, 13502
USA
Press release date: September 22, 2009
Indium Corporation (Indium) of Clinton, NY, today announced that it has acquired the processes, equipment, and know-how of Reactive NanoTechnologies, Inc. (RNT), developer and manufacturer of NanoFoil®.
Indium will move the RNT process and equipment, and a core staff, into its Utica Business Park (Utica, New York) facility. There will be minimal disruption in the RNT business operation as integration activities have already been underway. Customers will now place their orders and inquiries directly through Indium Corporation. The core RNT team, along with Indium Corporation personnel, will continue supporting the NanoFoil® and NanoBond® business.
"We are very excited about this acquisition by Indium Corporation," stated Joe Grzyb, RNT's CEO. "Indium's presence in the global electronics materials market will allow NanoBond® technology to proliferate more quickly and broadly. There is a strong synergy with the Indium Corporation solder, assembly, and thermal interface materials product lines."
According to Ross Berntson, Indium VP of Sales, Marketing, and Technical Support, "Indium Corporation is pleased to add another advanced joining technology to our portfolio. We expect this nano technology to enhance Indium Corporation's diversity and strength as a materials supplier to the $2.8 billion sputtering target market as well as to enhance our position in the metallic thermal interface market, two application segments that are the primary focus of this business. Additionally, we are pleased to bring this technology and business to the City of Utica."
About RNT
Headquartered in Hunt Valley, Maryland, Reactive NanoTechnologies, Inc. (RNT) was founded in 2001 to develop and manufacture its patented NanoFoil®.
NanoFoil® delivers precise, instantaneous heat energy for advanced joining applications, providing superior performance and value to the user. The company developed its patented NanoBond® joining process to simplify manufacturing and ensure the benefits of NanoFoil® are maximized. NanoBond® bonds sputtering targets and is used in several electronics manufacturing applications including LED assembly and thermal management. RNT developed licensing agreements with a number of Fortune 500 Companies. Its breakthrough technology earned several prestigious awards including recognition in The National Nanotechnology Initiative Strategic Plan, the 2005 "R&D 100" from R&D Magazine, and inclusion in the 2005 Nano 50(TM) from NASA Nanotech Briefs Magazine.
About Indium Corporation
Indium Corporation is a premiere materials supplier to the global electronics assembly, semiconductor fabrication and packaging, solar photovoltaic, and thermal management markets. Founded in 1934, the company offers a broad range of products, services, and technical support focused on advanced materials science. With facilities in the PRC, Singapore, South Korea, the United Kingdom, and the USA, the company is a four-time Frost & Sullivan Award winner, and registered to ISO-9001.
For more information about Indium Corporation, visit www.indium.com or email rshort@indium.com.
Contact: Rick Short, Director, Corporate Communications Indium Corporation rshort@indium.com tel: +1.315.381.7554 34 Robinson Road Clinton, NY 13323 USA www.indium.com
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