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QuantumSphere, Inc. Leverages Strong Business Fundamentals, Funds Research Programs With High Commercial Potential to Enable New Markets, Sources of Revenue for OEMs
FOR IMMEDIATE RELEASE
Santa Ana, CA, U.S.A. – April 24, 2006 – QuantumSphere, a leading manufacturer
of nanoscale metals and alloys for applications in energy, electronics, aerospace
and other markets demanding advanced materials, announced it has launched a major
program to fund innovative research that will provide breakthrough capabilities
for QuantumSphere and its global base of customers and partners. QuantumSphere
posted a Call for QSI-Nano™ Research Grant Proposals to facilitate partnerships
with universities and to sponsor individual and group research through prototype
phase using QSI-Nano™ metals. The end-result of this research will further
accelerate validation and commercialization of QuantumSphere’s advanced materials
in consumer and industrial applications.
“QuantumSphere’s Call for QSI-Nano™ Research Grant Proposals and funding of new research initiatives takes a fresh approach on traditional research methodologies,” said Kevin Maloney, CEO, QuantumSphere, Inc. “Many research projects focus on the development of abstract experiments in the laboratory. However, QuantumSphere will only fund research that demonstrates commercial potential and a clear path to the validation and development of products that can be manufactured and used in consumer and industrial applications,” Maloney added.
QSI-Nano™ Research Grant Proposals Program Guidelines and Requirements
- Funding is open to all graduate students and postdoctoral students involved in full-time research within the University of California system, Caltech, Stanford, and USC during the 2006-2007 academic year;
- Proposed research will investigate catalytic, conductive, magnetic or anti-microbial applications for QSI-Nano™ Iron, Copper, Silver, Nickel, Colbalt, Manganese metals and alloys;
- Proposal must contain an explanation of the capability to execute a research plan beginning from dry, unfunctionalized metal/metal-oxide particles to prototype product, which encompasses:
- an introduction of the proposed research initiative and how the use of QuantumSphere’s nanometals should improve performance of the product/device
- a definition of the current challenges/issues in the marketplace, and how these challenges/issues can potentially be resolved with the use of QSI-Nano™ metals
- a summary of the research plan’s timeline that shows a clear path for validation and potential commercialization beginning with QSI-Nano™ metals to final prototype device and its relevance to an end-use in a commercially viable application
- a thorough discussion that explains the potential commercial impact of a successful prototype
QuantumSphere will fund research initiatives up to $100,000 over a nine month
period. Deadline for submissions will be August 1, 2006 and award recipients
will be notified by October 1, 2006. More information about the QSI-Nano™ Research
Grant Proposals Program Guidelines and Requirements can be found at:
http://www.qsinano.com/partners_guidelines.php
About QuantumSphere, Inc
QuantumSphere is a manufacturer of nanoscale metals and alloys for applications
in portable power, renewable energy, electronics, aerospace, defense and other
markets demanding advanced materials. QuantumSphere’s proprietary technology
enables the production of ultra-pure, highly uniform nanometals and alloys
under 50 nanometers in high volume at commercial prices with the potential
to be utilized in a large number of new applications. QuantumSphere has also
created an extensive intellectual property portfolio around its process capabilities
and end-use commercial applications. QuantumSphere seeks to leverage its market
position to manufacture and ship high-performance catalyst materials and electrode
devices for clean-energy applications such as batteries and micro fuel cells
for portable power and hydrogen generation through electrolysis, among others.
QuantumSphere also works closely with leading universities by funding research
to validate QuantumSphere-Nano materials and generate licensing rights to intellectual
property for disruptive high-value commercial applications. For more information,
please visit www.qsinano.com.