Agreement signed for nanotechnology and bio-nano product development

By Andrew McDougall

- Last updated on GMT

Related tags Nanotechnology

Two Ohio-based companies have announced the signing of a joint development and licensing agreement to develop and commercialize nano-formulas that combine their two technologies.

Among the planned projects is development of technology to control the release and toxicity of bio-active agents at the nano-scale.

Nanofilm, who specializes in nano-coatings, stated the partnership with SDG, who uses its bio-nanotechnology in consumer product applications such as hair conditioners and styling agents, will allow the two organizations to capitalize on future opportunities.

“There’s a strong synergy between Nanofilm and SDG’s nanotechnology development and commercialization strengths,”​ said Scott Rickert, PhD, co-founder and CEO of Nanofilm.

“Together, we are able to capitalize on near-term opportunities for enhanced bio-active nanotechnologies for a variety of professional and consumer uses.”

Exclusive agreement for broad range of applications

A Nanofilm announcement states that the scope of the exclusive agreement covers a broad range of consumer and industrial applications for formulas bringing together the two companies’ capabilities.

“Working with Nanofilm builds on SDG’s long history of successful nanotechnology development and commercialization partnerships,”​ said Robert Geho, SDG’s co-founder and senior vice president.

“We anticipate aggressively extending the capabilities of bionanotechnology to new applications.”

Nanofilm brings to the partnership over 25 years of experience in nanofilm technology and self-assembling thin films for a variety of substrates and surfaces.

SDG has developed, patented and commercialized nanoscale liposomes to be carriers for individual drug molecules for therapeutic treatments as well as diagnostic imaging agents, nutraceutical ingredients, and consumer product actives, including fragrances, conditioners, sunscreens and hair care actives.

Nanofilm claims the two companies began discussing joint bio-nanotechnology efforts thanks to an introduction through the Nano-Network, whose mission is to encourage and enable the development and commercialization of nanotechnology in Ohio.

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