Nanergy Inc. Issues Manufacturing Order For First Product and Obtains Financing
Tuesday September 27, 7:30 am ET
NEW YORK--(BUSINESS WIRE)--Sept. 27, 2005--Nanergy Inc. ("Nanergy") (OTC Other: NNGY), today announced that it had issued a manufacturing order and provided a letter of credit for its first commercial product, the Nanosign(TM) ever-charged illuminated address sign. Manufactured prototypes are expected within 60 days, and first customer shipments aree expected in January 2006.
Separately, the Company announced that it has entered into private placement agreements in the amount of $300,000, of which $150,000 has been funded and $150,000 is expected to be funded before the end of this month.
About Nanergy Inc.
Nanergy Inc. is a developmental stage company headquartered in New York City, with offices near Princeton, NJ at 4260 Rt 1, Suite 7, Monmouth Junction, NJ 08852as well as in Hungary. Its focus is on developing exciting consumer products that harness nanotechnology, and especially photovoltaic nanofilms, while conducting ongoing research in storing hydrogen using carbon nanotubes. Its new corporate website is still being developed but is available for viewing at nanergyinc.com. |
