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Nano
Biz...in depth...
im detail
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Nanotechnology Veterans Launch NanoVance
Inc.; Company Brings Cohesion to Fragmented Industry,
Provides Commercial Devices
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AUSTIN,
Texas--(BUSINESS WIRE)--April 27, 2004--A team of veterans
from the nanotechnology field and the micro-electro-mechanical
systems (MEMS) and semiconductor industries, today announced
the launch of NanoVance Inc., a company that integrates
those technologies to provide nano-devices.
NanoVance's business model uniquely addresses the challenges
of commercializing nano-devices, such as the high costs
of design and fabrication. Bringing an unprecedented
level of cohesion to these fragmented industries, the
company utilizes its network of best-in-class partners
to design, develop, manufacture, package and test its
customers' devices.
NanoVance's management team includes two former executives
of the New Jersey Nanotechnology Consortium (NJNC),
a former leader of Rosemount Inc.'s MEMS technical development
and fabrication programs, and executives with nearly
100 years of combined experience in the semiconductor
industry.
"We give both engineers and entrepreneurs the means
to bring viable nano-device ideas to the marketplace,"
said Ellery R. Buchanan, chairman, chief executive officer
and co-founder of NanoVance. "Until now, limited
resources and cost barriers have stalled many potentially
successful nano projects. Our business model leads customers
past those barriers and positions us as the `go-to'
device maker for this rapidly emerging technology market."
Buchanan is the former executive vice president of the
NJNC. He also was the founder, chairman and chief executive
officer of Integrated Solutions Inc. He led that company
to sales of $75 million and 330 employees. He also is
a former senior vice president of marketing and corporate
development for Ultratech Inc., which purchased Integrated
Solutions in 1998.
Daniel S. Nelson, president, chief operating officer
and co-founder of NanoVance, noted that the company
leverages the fab capacity and technical expertise of
its partners to develop and manufacture customer devices.
"This unique approach enables NanoVance to cost
effectively offer a suite of technical resources unmatched
in the industry," Nelson said. "Our business
model mitigates risk for our customers by properly matching
the need with the resources -- with NanoVance taking
full responsibility from design through packaging."
Nelson, who most recently was director of strategic
marketing and corporate development for August Technology
Inc., served for nine years with Rosemount Inc., leading
its MEMS technical development and fabrication programs
for military and aerospace applications.
Larry Thompson, the former chief executive officer of
the NJNC, is NanoVance's chief technology officer. He
worked in Bell Labs for 25 years, and holds 28 patents
in the areas of semiconductor processing and materials
engineering.
NanoVance initially will focus on several high-growth
areas: medical/biotech, IT and data storage, and wireless
communications. Devices developed for these industries
also will have potential applications in defense, aerospace,
automotive and consumer technologies.
Based on its market analysis that includes R&D investments
by research facilities and active companies, NanoVance
sizes its market at well over $1 billion.
The company's family of program-management options includes:
-- DesignExpress, which takes the customer's idea from
the design stage, through product development, fabrication,
packaging and testing
-- ProtoExpress, which picks up at the development and
prototyping stage and guides the device through fabrication,
packaging and testing
-- FabExpress, which begins with fabrication and includes
packaging and testing.
About NanoVance Inc.
NanoVance, a nano-device provider, integrates nano,
bio, MEMS and semiconductor technologies to develop
and deliver devices that meet specific customer and
market needs. Utilizing its expertise in device fabrication,
emerging technologies and program management, NanoVance
contracts with its established network of partners to
access leading-edge fabrication capabilities and the
latest emerging technologies. NanoVance provides customers
with cost-effective alternatives that minimize time-to-market
and reduce risk for device projects from design to final
packaging. Founded in 2004, NanoVance is headquartered
in Austin, Texas.
Visit www.nanovance.com.
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Nano Biz
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