FirstNano/CVD and CUNY Brooklyn
College/NYSTAR-CAT Sign Sponsored Research Agreement to Develop ZnO Nano
Materials and Related Devices
RONKONKOMA and BROOKLYN, N.Y., March 25 /PRNewswire-FirstCall/ --
FirstNano, a division of CVD Equipment Corporation (CVD) and The City
University of New York at Brooklyn College, today announced the signing of
a Sponsored Research Agreement to jointly develop Zinc Oxide (ZnO) nano
materials and related semiconductor devices. This joint research is also
supported by a matching NYSTAR-CAT Grant. Under the terms of the
agreement, CVD has a non exclusive license and an option to an exclusive
license of CUNY Intellectual Property related to this project and that is
developed either solely by Brooklyn College researchers or jointly with
the First Nano/CVD team.
The technology is being developed in research laboratories (Prof. Kai
Shum and Prof. Mim Nakarmi) at Brooklyn College and in First Nano's
Laboratory on EasyTube 3000 Systems. This leverages the device design and
semiconductor industry experience of Prof. Shum and the strength in
material process development, equipment design and manufacturing of First
Nano/CVD.
"We are extremely pleased that CVD shares our vision and confidence,"
stated Prof. Kai Shum, "in developing this innovative technology to
fabricate ultraviolet (UV) light emitting chips with variable sizes and
shapes. These chips are based on ZnO nanowire grown by chemical vapor
deposition. Since these new photonic devices rely on one-dimensional
electronic density states of nanowire structures and the large exciton
binding energy of ZnO, they will offer superb performance in power,
efficiency, and integration. Major applications of these novel UV light
emitting chips include medical and data- storage devices, forensic and
biological analysis tools, UV-based secure communications, space sensors,
mineral identification and miniature displays. This novel technology is
well suited for scaling up to commercial production since it uses
nanowires as templates, eliminating the delicate and time- consuming task
of placing each nanowire separately on a device. This agreement also
demonstrates NYSTAR-CAT's commitment to partnering with industry leaders
such as First Nano/CVD, to help bring important, leading-edge technologies
to the marketplace and to invest in New York based growth
opportunities."
"We are excited to have the opportunity to collaborate with Prof. Shum,
who worked at Bell Laboratories/Lucent Technologies and Agere Systems
prior to his return to the academic field," said Dr. Karlheinz Strobl, VP
of Business Development for CVD Equipment Corporation. "The collaboration
of our in-house process, equipment design and manufacturing capabilities
with the Brooklyn College team has the potential to evolve into several
important business opportunities. Signing this Agreement and focusing some
of our R&D and Engineering capabilities on this growth opportunity is
inline with our vision of enabling tomorrow's technologies(TM),
today."
About First Nano and CVD Equipment Corporation (CVD):
FirstNano, a division of CVD Equipment Corporation manufactures the
Easy Tube equipment product line used by many researchers around the world
for developing and growing a wide variety of next generation Nanowire,
Nanotube and Thin Film Materials. CVD is a designer and manufacturer of
standard and custom state-of-the-art equipment used in the development,
design and manufacture of advanced electronic components, materials and
coatings for research and industrial applications. CVD offers a broad
range of chemical vapor deposition, gas control, quartzware and other
equipment that is used by its customers to research, design and
manufacture semiconductors, solar cells, carbon nanotubes, nanowires,
LEDs, MEMS, industrial coatings and equipment for surface mounting of
components onto printed circuit boards.
ABOUT THE CITY UNIVERSITY OF NEW YORK:
Founded in 1847 as the Free Academy, The City University of New York is
the nation's largest urban public university, and, with more than 100
nationally recognized research centers, institutes and consortia, CUNY is
also one of the nation's major research institutions. CUNY comprises 23
institutions: 11 senior colleges, six community colleges, as well as an
Honors College, a downtown Graduate Center, a Graduate School of
Journalism, a School of Law, a School of Professional Studies, and the
Sophie Davis School of Biomedical Education. The University serves more
than 231,000 degree-credit students and an additional 230,000 adult,
continuing and professional education students. College Now, the
University's academic enrichment program for 32,500 high school students,
is offered at CUNY campuses and more than 300 high schools throughout the
five boroughs of the City of New York
ABOUT BROOKLYN COLLEGE:
Brooklyn College, a senior college of the City University of New York,
is a comprehensive college with undergraduate and masters programs in the
liberal arts and professional areas. The faculty also participates in
doctoral training at the CUNY Graduate School in on-campus doctoral
programs in physics; biology; biochemistry; computer science; earth and
environmental science; and cognition, brain and behavior (psychology).
Students work with research faculty in labs equipped with state-of-art
equipment on projects funded by the National Institutes of Health,
National Science Foundation, US Department of Energy, DARPA, and other
federal, state, and private agencies. The college's science research
efforts are broadly distributed across the sciences, but are notable for
interdisciplinary research programs in semiconductor development and
characterization; applied biomedical and drug design; cellular and
behavioral neuroscience; and urban environmental studies, particularly on
the marine environment in New York City. This work educates a diverse
student body of more than 15,000 to become scientifically and
technologically literate citizens, science educators, and scientific
professionals to needs for a highly educated scientific and
technologically literate workforce for the 21st century.
ABOUT NYSTAR:
NYSTAR is a government public-benefit corporation that supports
collaborative industry/academic partnerships to foster integrated
approaches for developing and commercializing innovative technologies.
NYSTAR's initiatives include investment in academic research and
development facilities to promote work with industry, recruitment and
retention programs for higher education researchers, technology transfer
initiatives and efforts to ensure a skilled workforce through high
technology training programs.
ABOUT CUNY-CAT:
The New York State Center for Advanced Technology in Photonics
Applications (CAT) at the City University of New York (CUNY) develops and
disseminates knowledge in photonics technology in order to promote New
York economic development for the medical, biological, industrial and
military sectors. To fulfill its mission, the CAT carries out cutting edge
photonics research, develops technological innovations and applications,
facilitates product development and leverages its NYSTAR funding with
industrial and federal funds. It supports NYS industry through licensing
of intellectual property, technology transfer, project collaboration and
training of technicians and students.
This press release contains forward-looking statements set within the
meaning of the Private Securities Litigation Reform Act of 1995, except
for historical information contained herein; the matters set forth in this
news release are forward-looking statements. Readers should note that the
forward- looking statements set forth above involve a number of risks and
uncertainties that could cause actual results to differ materially from
any such statement, including, without limitation, the uncertainties
discussed under the caption "Risk Factors" in the Company's Registration
Statement on Form S-1 filed with the SEC on July 3, 2007, as subsequently
amended, which discussion is incorporated herein by reference. Readers
should also read the periodic filings and current Form 8-K reports of the
Company.