Monday, November 8, 2010

Nanocomp Technologies Gets Contract rom Northrop Grumman under the U.S. Army ManTech Program

Nanocomp Technologies, Inc., a  developer of energy-saving performance materials and component products from carbon nanotubes (CNTs), today announced it has been awarded a manufacturing contract from Northrop Grumman under the U.S. Army Manufacturing Technology Program (ManTech). 

Nanocomp will work in partnership with Northrop Grumman Aerospace Systems (NYSE: NOC) to develop manufacturing best practices for a next generation of CNT cabling and tapes, intended for near-term insertion into aircraft as a replacement for conventional copper-based wires and cables.

The two-year program, entitled the Nanocomposite Connector Partnership, will include configuration and material trade studies to define cable design parameters and replicable manufacturing processes. The end result will be an optimized manufacturing platform designed to produce efficient and cost-effective materials, so that transition and broad-based implementation of carbon nanotube-based conductors can take place.

“Nanocomp’s material quickly stood out as the most advanced carbon nanotube technology on the market that would help us meet the rigorous demands of the ManTech program,” said Dr. Don DiMarzio, IPT Leader, emerging concepts of Northrop Grumman Aerospace Systems. “Together, we believe this initiative will result in a true 21st century solution to vastly improve the weight and fuel efficiency of modern aircraft, for sustainable cost and energy savings.”

“While the Company’s carbon nanotube technology is increasingly being viewed as a viable alternative to  conventional materials in aerospace applications, this program marks a more significant milestone towards delivering a credible manufacturing fabrication capability to military aviation, at-scale,” said Peter Antoinette, president and CEO of Nanocomp Technologies. “We are thrilled to work with world leading industry partners to take our products beyond their technology promise, creating a meaningful path towards volume production.”

The ManTech Program supports the manufacturing technology needs of the Army’s acquisition community, to enable affordable production and sustainment of future defense systems, as well as affordable transitionto new technologies that will enhance the capabilities of current systems.

About Nanocomp Technologies, Inc. Nanocomp Technologies, Inc. is leveraging its proprietary and fundamental advancements in the production of long carbon nanotubes as well as its unique ability to fabricate them into physically strong, lightweight and electrically conductive yarns and sheet products. The company’s objective is to develop products with revolutionary performance benefits creating a new generation of energy-saving advanced materials and electro-thermal devices. Nanocomp Technologies has been awarded 2 patents with 19 patents pending. The company is headquartered  in Concord, N.H. For additional information, please visit www.nanocomptech.com.

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