From the "..smallcapcenter.com..":
Nanotechnology represents the beginning of a revolutionary new age in our ability to manipulate materials for the good of humanity. - World Technology Evaluation Center Panel Report On Nanostructured Science and Nanotechnology
Nanergy Inc. (OTC: NNGY) is in the business of developing solar and energy storage products, based on nanotechnology using carbon nanotubes. The technology was initially developed by Terra Solar Development Corp. ("TSDC"). TSDC agreed to transfer all of its assets to Nanergy.
The U.S. National Science Foundation has predicted the market for nanotechnology, or products containing nanotechnology, will reach $1 trillion in 10 to 15 years.
The company has worked for several decades on renewable energy, and in particular, photovoltaic (PV) based on a thin semi conducting film technology.
The PV industry has matured to the point where there is a consensus that the ultimate replacement for fossil fuels will be fulfilled by the use of photovoltaic, combined with an appropriate technology to store hydrogen.
The ultimate energy cycle for future generations will then be using the sun as the primary source of energy, converting it to electricity via photovoltaic, using the photovoltaic electricity to electrolyze water, store the hydrogen from the electrolysis process, and use this hydrogen by reconverting it in a fuel cell into electricity.
Due to the acquisition of proprietary technology from Terra Solar, Nanergy will be able to introduce 4 new products within the next 2 years.
These products will be only a sample of a large array and assortment of products based on Nanergy's technology, while the company is focusing on its long term R&D for replacing the current poor means of PV and hydrogen storage.
In short, NANERGY has working prototypes and the scientific prowess to become a leading force in this emerging, worldwide marketplace.
NNGY recently acquired all the assets and patented technology of Terra Solar Development Corporation, a pioneer in nanotechnology research and development. Nanergy is now positioned to harness the power of highly-efficient, patented photovoltaic solar cells to bring a host of exciting consumer products to market.
These products, based on photovoltaic film nanotechnology (PVNF), include:
* Illuminated 4-digit House Numbers
* "Always Light," a product which will eventually replace the need for kerosene lamps, which are as leading cause of cancer, in developing world companies
* Portable Power Source/Chargers to be used for cell phones and other similar devices; and
* Portable PV charger/power packs to be used to recharge PV Nanofilm products.
The market for the type of products being developed by Nanergy is growing at a rate of 30% per year, according to SolarBuzz.com.
...and what is "Nanotechnology"?
Nanotechnology is the manipulation of cell and atomic structure in materials that are no larger than a billionth of a meter in size.
"Science and technology on the scale of a nanometer - one billionth of a meter - is revolutionary. Nanotechnology could change the way almost everything is designed and made, from automobile tires to vaccines to objects not yet imagined."
- the National Science Foundation
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