Attached files
file | filename |
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8-K - INKN FORM 8-K (5-3-10) - Shrink Nanotechnologies, Inc. | inknform8k050310.htm |
EX-10.1 - EXHIBIT 10.1 - Shrink Nanotechnologies, Inc. | ex101.htm |
EX-99.2 - EXHIBIT 99.2 - Shrink Nanotechnologies, Inc. | ex992.htm |
EX-10.2 - EXHIBIT 10.2 - Shrink Nanotechnologies, Inc. | ex102.htm |
EX-99.4 - EXHIBIT 99.4 - Shrink Nanotechnologies, Inc. | ex994.htm |
EX-99.3 - EXHIBIT 99.3 - Shrink Nanotechnologies, Inc. | ex993.htm |
SHRINK
NANOTECHNOLOGIES ACQUIRES POWERSKIN™ TRADEMARK FROM NASDAQ NATIONAL MARKET
COMPANY, MILLENIUM CELL, BANKRUPTCY ESTATE
PATENT
PENDING QUANTUM DOT SOLAR CONCENTRATOR PRODUCTS DESIGNED TO “SOLARIZE” EVERYDAY
BUILDING SURFACES LIKE WINDOWS, ROOFS AND HOME SIDING TO BE BRANDED UNDER THE
NAME POWERSKIN™
CARLSBAD, CA – May 3, 2010 -
Shrink Nanotechnologies, Inc. (“Shrink”) (OTCBB: INKN; INKND), an
innovative nanotechnology company developing products and licensing
opportunities in the solar energy production, medical diagnostics and sensors
and biotechnology research and development tools businesses, announced today
that it has received notification that it has purchased the PowerSkin™
trademarks from the bankruptcy estate associated with the Millennium Cell
(NASDAQ: MCEL). Pending additional clearances from the US Patent
& Trademark Office, Shrink will market its Quantum Dot Solar Concentrator
technologies, which enhances existing silicon-based photovoltaic (PV) systems
and the ability for these systems to absorb sunlight and convert it to
electricity, under the name PowerSkin™.
“The core
solar concentrator technology we have been developing at Shrink over the past
few years is one that we believe has the ability to change the way people think
about every day building products like windows, as an
example. Imagine a window that produces power. Imagine an
electric vehicle that is re-charged from a solar window that is absorbing the
sun’s rays while the owner of the vehicle is working. Or imagine a
flat panel crystalline silicon solar panel array that produces critical
additional power because it had a low cost PowerSkin™ panel attached to it that
enabled the overall system to increase its efficiency to the point where the
over payback from the power produced made the system made more economic sense
from Day 1. At Shrink, we believe that our quantum dot solar
concentrator systems have this promise – without the reliance on mirrors, a lens
or a tracking device – a completely non-optical system. And going
forward, as a result of this most recent intellectual property acquisition, all
Shrink Solar, LLC solar concentrator products and technologies will be branded
under the PowerSkin™ brand,” stated Mark L. Baum, CEO of Shrink
Nanotechnologies, Inc.
Baum
added, “Our management team is particularly excited about this acquisition;
however, we are even more impressed with the additional opportunities we have
seen and which we continue to actively conduct due diligence on in the
marketplace for distressed alternative energy assets, products and technologies
which we believe may be utilized in furtherance of our solar operating unit,
Shrink Solar’s, mission to integrate our technologies into existing solar
powered rooftop applications, residential and commercial windows and additional
“low hanging fruit” applications so that our country gains energy independence,
a critical national imperative. We will continue to update our loyal
shareholders and the marketplace to the extent we decide to make additional
moves in this ever fluid merger and acquisition environment for intellectual
property and valuable under-priced alternative energy assets.”
About
Shrink Solar, LLC
Using
Shrink Solar’s patent-pending nanocrystal-based technology, Shrink enhances
silicon’s ability to absorb sunlight and convert it to electricity. Shrink’s
non-optical systems are a first-in-class solar concentrator that can boost
energy production from legacy silicon PV systems by optimizing the light for
absorption by silicon. A newly formed Renewable Energy Team, comprising
distinguished academic and industry collaborators, will provide dedicated
management support. For more information on Shrink Solar LLC, a subsidiary of
Shrink Nanotechnologies, Inc., please visit www.shrinksolar.com.
About
Shrink Nanotechnologies, Inc.
Shrink is
a first of its kind FIGA™ organization. FIGA companies bring together diverse
contributions from leaders in the worlds of finance, industry, government and
academia. Shrink’s technologies and solutions, including its diverse advanced
plastic substrates, nano-devices and biotech research tools, among others, are
designed to be ultra-functional and mechanically superior in the solar energy,
environmental detection, stem cell research tools and biotechnology device
markets. The Company’s products are based on a pre-stressed plastic called
NanoShrink™, and on a patent-pending manufacturing process called the ShrinkChip
Manufacturing Solution™. Shrink’s unique materials and manufacturing solution
represents a new paradigm in the rapid design, low-cost fabrication and
manufacture of nano-scale devices for numerous significant markets.
To learn
more about Shrink Nanotechnologies, Inc. or to download the most up-to-date
shareholder kit, please visit at www.shrinknano.com
and www.shrinksolar.com.
Statements
contained herein that are not historical facts may be forward-looking statements
within the meaning of the Securities Act of 1933, as amended. Forward-looking
statements include statements regarding the intent, belief or current
expectations of the Company and its management. Such statements are estimates
only. Actual results may differ materially from those anticipated in this press
release. Such statements reflect management's current views, are based on
certain assumptions and involve risks and uncertainties. Actual results, events,
or performance may differ materially from the above forward-looking statements
due to a number of important factors, and will be dependent upon a variety of
factors, including, but not limited to Shrink's ability to obtain additional
financing, secure defendable patent rights, to build and develop markets for
Shrink's technologies and products and to finalize a commercial-ready solar
concentrator product. These factors should be strongly considered when making a
decision to acquire or maintain a financial interest in Shrink, including
consulting with a FINRA registered representative prior to making such decision.
Shrink undertakes no obligation to publicly update these forward-looking
statements to reflect events or circumstances that occur after the date hereof
or to reflect any change in Shrink's expectations with regard to these
forward-looking statements or the occurrence of unanticipated events. Factors
that may impact Shrink's success are more fully disclosed in Shrink's most
recent public filings with the U.S. Securities and Exchange
Commission.
Contact:
For
Shrink Nanotechnologies
Mark L.
Baum, Esq.
760-804-8844
x205
See
also:
http://www.shrinksolar.com/blog/
http://www.shrinknano.com/products/product-tools
http://www.shrinknano.com/products/product-diagnostics
http://www.shrinknano.com/tech
http://www.shrinknano.com/tr35-a-children%E2%80%99s-toy-inspires-a-cheap-easy-production-method-for-high-tech-diagnostic-chips
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