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Nano
Biz...in depth...
im detail
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GEMZ
Corp. says Independent Research Estimates Global Nanotechnology
Market to Reach
$29 Billion by 2008
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NEW
YORK--(BUSINESS WIRE)--Aug. 11, 2004--GEMZ Corp., (OTC:
GMZP) announced today that Business Communication Company,
Inc. has released an independent report (http://www.bccresearch.com/advmat/GB290.html)
that estimates total global demand for nanoscale materials,
tools, and devices was estimated at $7.6 billion in
2003 and is expected to grow at an AAGR (average annual
growth rate) of 30.6% to reach $28.7 billion in 2008.
Comparing nanotechnology to other key emerging technologies,
the global nanotechnology market, at about $7 billion
in 2002, was roughly comparable in size to the biotechnology
sector, but far smaller than the $800 billion global
informatics market. However, the nanotechnology market
is believed to be growing more than twice as fast as
either of the other two.
The nanomaterials segment, which includes several long-established
markets such as carbon black rubber filler, catalytic
converter materials and silver nanoparticles used in
photographic films and papers, presently accounts for
over 97.5% of global nanotechnology sales. By 2008,
the nanomaterials share of the market will have shrunk
to 74.7% of total sales. Nanotools will have increased
their share to 4.3% ($1.2 billion), and nanodevices
will have established a major presence in the market
with a 21% share ($6.0 billion).
Nanoparticles currently account for the largest share
of the nanomaterials market. However, the fastest-growing
nanomaterials segments are nanotubes (with a projected
AAGR of 173% over the next five years) and nanocomposites
(76% AAGR).
This is the initial focus of International Nanotechnology
Corporation (INC), the wholly-owned subsidiary of GEMZ
Corp. INC has made forward progress towards develop
a solar-powered solution for powering cellphones and
laptop computers. INC previously announced that it had
signed a letter of intent with Terra Solar Development
Corp. (TSDC), a leading developer of photovoltaic and
nanocell technology to acquire substantially all of
its nanotechnology assets from a subsidiary of TSDC
and to license certain photovoltaic assets as well.
The solar-powered laptop and cellphone chargers will
be the first products resulting from the planned combination.
Laptop and cellphone users everywhere need a cost-effective
way to continually power or recharge their units without
plugging them in. Previous products on the market use
crystalline or polycrystalline silicon photovoltaic
cells that just don't do the job, as they work only
when they are recharged in direct sunlight. The INC
products are believed to be the first to use PV Nanofilms,
which combine thin photovoltaic films and nanotechnology
so they can also work indoors in most lighting situations.
Nanofilms have elements below 1000 and even below 100
nanometers. The National Science Foundation (NSF) defines
nanotechnology as consisting of components and elements
1000 nanometers and under. (1 nanometer is one billions
of a meter or 10 Angstroms).
The projections in this report assume a continuation
and expansion of the current economic recovery. Other
trends, it is believed, will contribute to the future
growth of the nanotechnology sector, including high
levels of government support for nanotechnology R&D
(estimated at over $2.2 billion in 2002, alone) and
growing venture capital investments in nanotechnology
companies, which have increased sixfold over the past
two years.
The Company has previously announced that Dr. Zoltan
Kiss, upon completion of the acquisition of the assets
of Terra Solar Development Corp.will become Chief Technical
Advisor of INC. Dr. Kiss is a noted inventor, with over
thirty patents to his credit.
The first product from the combination is expected to
be available for sampling in the fourth quarter of 2004.
Pricing has not been announced but is expected to be
very competitive with older, more limited solutions.
About GEMZ Corp.
GEMZ Corp. is a publicly traded company located in New
York City. Its new corporate website is www.gemzcorp.net.
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This
story has been adapted from a news release -
Diese Meldung basiert auf einer Pressemitteilung -
Deze
tekst is gebaseerd op een nieuwsbericht - |
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Nano Biz
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