The U.S. Department of Energy has selected Applied Nanotech, Inc, a subsidiary of Nano-Proprietary, Inc., to receive a new phase I Small Business Technology Transfer Program grant in the amount of approximately $100,000.
The company’s operations currently consist of two wholly-owned operating subsidiaries, but the main focus of the company continues to be the Applied Nanotech subsidiary. It was incorporated in January 1997 and is developing proprietary carbon nanotubes and related technologies.
The company’s research is focused in the broad area of carbon nanotube technology and its application to the display, electronics, sensor, medical, and other industries. Nano-Propriety and its subsidiary will use the grant to focus on developing and testing an improved carbon dioxide sensor for use in monitoring CO2 in geologic subsurface structures to assure safe retention in carbon sequestration programs.
In brief, the company has developed a low-power carbon monoxide sensor that can last for 10,000 hours on a single battery. The sensor will be specific to carbon monoxide with no cross-sensitivity to other gases and elements. They are working on a Phase II project for the U.S. Air Force using this carbon monoxide sensor. When completed, they plan to commercialize the sensor and license the technology for both commercial and government purposes.
Commenting on the grant, Thomas F. Bijou, Chairman and Chief Executive Officer of Nano-Proprietary, Inc stated, “We are pleased to be selected for this grant in our ever broadening sensor line. The strategy that we have been following, to have a broad base of sensor technologies, is beginning to yield tangible results.”
Nano-Propriety is a research-based company primarily focused on unique applications of carbon nanotube technology which they have developed over the past 20 years. A part of their business model includes researching, performing services and developing products and materials based on intellectual property for others, with the ultimate goal of generating sustainable recurring revenues by licensing this technology to third parties. At present, the company has over 300 total U.S. and foreign patents, including 131 issued, 190 pending, and 3 allowed.
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