July 25, 2014 5:26 AM ET

Electrical Equipment

Company Overview of Nanocomp Technologies, Inc.

Company Overview

Nanocomp Technologies, Inc. produces and supplies carbon nanotube based sheets/mats, tapes, and conductors and yarns for Fortune 500 and defense customers. It offers its products for various applications in aerospace and defense, aviation, automotive, energy, and consumer industries. The company was founded in 2004 and is based in Merrimack, New Hampshire.

57 Daniel Webster Highway

Merrimack, NH 03054

United States

Founded in 2004

Phone:

603-442-8992

Fax:

603-513-7119

Key Executives for Nanocomp Technologies, Inc.

Co-Founder
Chief Scientist and Vice-President
Vice President of Business Development
Vice President of Engineering
Compensation as of Fiscal Year 2014.

Nanocomp Technologies, Inc. Key Developments

United States Department of Defense Provides $18.5 Million in New Funding to Expand Nanocomp Technologies' Nanomanufacturing Production Capacity

Nanocomp Technologies, Inc. announced it has been awarded $18.5 million from United States Department Of Defense in additional funding under the Defense Production Act Title III program to supply CNT yarn, sheet, tape, and slurry materials for the program needs of the Department of Defense, as well as for commercial industrial markets. Initial funding of $2.2 million was provided by DPA Title III in 2011, along with substantial company investments, enabling Nanocomp to construct a 30,000 square foot Pilot Plant, and relocate its headquarters to Merrimack, NH.

United States Department of Defense Provides $18.5 Million in New Funding to Expand Nanocomp Technologies's Nano Manufacturing Production Capacity

Nanocomp Technologies, Inc. announced it has been awarded $18.5 million in additional funding under the Defense Production Act Title III program (DPA Title III) to supply CNT yarn, sheet, tape, and slurry materials for the program needs of the Department of Defense, as well as for commercial industrial markets. The mission of the DPA Title III Program is to create assured and affordable production of products that have been identified as essential for national defense, but where U.S. industry has not demonstrated an ability to deliver due to market conditions or other fiscal barriers. By means of a Presidential Determination, Nanocomp's CNT materials were identified to satisfy this critical gap. Initial funding of $2.2 million was provided by DPA Title III in 2011, along with substantial company investments, enabling Nanocomp to construct a 30,000 square foot Pilot Plant, the nation's largest, and relocate its headquarters to Merrimack, NH. The company's CTex CNT conductors and EMshield tapes replace copper in cables, reducing the weight of aerospace wiring by as much as 70%, resulting in considerable fuel savings and other immediate operational cost savings. Commercial aircraft manufacturers will also benefit from Nanocomp's lightweight CNT-based wires as they will be able to save millions of gallons of fuel while also reducing carbon dioxide emissions by hundreds of millions of pounds per year, per aircraft. The company has already begun work expanding its current pilot facility with the next phase scheduled to be operational in early 2015.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
October 30, 2013
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