Attached files
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EX-99.1 - EXHIBIT 99.1 - Shrink Nanotechnologies, Inc. | ex991.htm |
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-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 TO RECEIVE MATCHING GOVERNMENT
FUNDS FROM THE DEFENSE ADVANCED RESEARCH PROJECTS AGENCY (DARPA) AS A NEW MEMBER OF THE MF3
CENTER
Dedicated
to Supporting American Innovation, Shrink’s Funding Will Increase by 50% Through
Sponsored Research Agreement With Any MF3 Academic Research Hub
CARLSBAD, CA – May 4, 2010 –
Shrink Nanotechnologies, Inc. (“Shrink”) (OTCBB:INKND; INKN),
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 through its membership
in the Micro/Nano Fluidics Fundamentals Focus (MF3) Center, headquartered at the
University of California, Irvine (UCI), it has secured a research sponsorship
funds from the Defense Advanced Research Projects Agency (DARPA). According to
the agreement, up to fifty percent (50%) of the future funding commitments by
Shrink through a sponsored research agreement will be eligible for DARPA
matching funds.
Funding
will be used toward advancing Shrink's proprietary nano-technology platform
comprised of its advanced NanoShrink™ plastic material and a number of related
patented and patent-pending technologies. Shrink is presently developing third
and fourth generation prototype devices and components, for integration into
existing products and systems, with immediate applications in the solar energy, food,
air and water protection, human and animal diagnostics, opto-electronics and
biotechnology/stem cell research tools markets.
“Access
to the DARPA matching funds program marks a significant corporate milestone. The
additional development dollars we will be able to invest into our academic lab
development groups should allow for the reduction of development time required
to create commercial devices and systems in the markets we are vying for a
position in. MF3 institutions are well recognized as the ‘cream of
the crop,’ housing the latest scientific equipment, tools and as important, some
of the brightest minds in the world. Our FIGA business model will now
formally include federal government support, along with the support of the
highest caliber nanotech researchers and industry leaders associated with the
MF3 network. We look forward to collaborating with MF3 to meet our mutual
interests in creating solutions that enhance our daily lives,” said Mark L.
Baum, CEO of Shrink Nanotechnologies, Inc.
Dr.
Abraham Lee, director of the MF3 Center and professor of biomedical engineering
and mechanical and aerospace engineering at UCI, stated, “Over the last five
years, Shrink Nanotechnologies’ scientific co-founder, Dr. Michelle Khine, has
been one of the most ingenious and innovative researchers in the country,
evidenced by her numerous inventions that have resulted in the founding of
start-up companies like Shrink and other commercial successes. Most recently,
she created the NanoShrink™ based microstrucures for low cost microfluidic
diagnostics platforms that in the short run will impact global health delivery
and in the long run, may come full cycle and deliver point-of-care diagnostics
and in-home healthcare here in the US."
Gisela
Lin, Ph.D., UCI School of Engineering and MF3 Center Development Manager, said,
“Our research team is working together to address the critical challenges facing
the microfluidics defense and industry sectors. Prominent companies have also
joined to provide real-world problems to guide and channel the MF research. We
are excited to have Shrink Nanotechnologies as part of this
industry-university-government consortium. Shrink has some very innovative
technology and together we aim to use micro/nanotechnology to make a dramatic
impact in the fields of medicine and energy.”
About
DARPA
Established
in 1958, DARPA is the research and development office for the U.S. Department of
Defense. DARPA’s mission is to maintain technological superiority of the U.S.
military and prevent technological surprise from harming our national security
and create technological surprise for our adversaries. DARPA funds unique and
innovative research through the private sector, academic and other non-profit
organizations as well as government labs. For more information, visit www.darpa.mil.
About
MF3 Center
Formed in
2006, the Micro/Nano Fluidics Fundamentals Focus (MF3) Center brings together 20
leading MF professors from 12 universities nationwide to advance the basic
science and applications of a field seen as key to creating a vast array of new
technologies. With scientists representing the disciplines of biomedical,
mechanical and electrical engineering, as well as chemistry, research is
expected to apply to areas such as health care, electronics, and environmental
and food monitoring.
MF3 is
funded by the Defense Advanced Research Projects Agency (DARPA) and the Centers'
industrial members. MF3 is a spin-off of activities ongoing at the Integrated
Nanosystems Research Facility, an interdisciplinary research laboratory at the
Henry Samueli School of Engineering at U.C. Irvine at UCI. For more information
on the MF3 Center, please visit www.inrf.uci.edu/mf3.
About
Shrink Nanotechnologies, Inc.
Shrink
Nanotechnologies, Inc. is a high technology developing stage company that makes
ultra-functional nano-sized technologies, components and product systems. The
Company operates as a first of its kind FIGA™ organization. FIGA companies bring
together diverse contributions from leaders in the worlds of finance, industry,
government and academia. The Company's 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.
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
Contact:
For
Shrink Nanotechnologies
Mark L.
Baum, Esq.
760-804-8844
x205