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Technology Stocks : NanoTechnology

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From: RikRichter10/25/2005 9:21:37 AM
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Boston Business Journal - 1:25 PM EDT Monday
UMass Lowell, MFIC forge nanomaterials research pact
Boston Business Journal

The University of Massachusetts Lowell and MFIC Corp. signed a research and collaboration agreement to develop new applications, processes and products in the nanomaterials field. MFIC's contribution to the partnership is valued at $545,000.

Work will be done under the direction of the Nanomanufacturing Center of Excellence at UMass Lowell. Both the company and university will benefit from arrangements for intellectual property, patent rights and licensing royalties.

The work will use Newton-based MFIC's materials processing and chemical reactor equipment. MFIC subsidiary Microfluidics will provide a processor and lab system to be located at the UMass Lowell campus. The equipment alone is valued at $450,000. MFIC will also provide additional technical and financial support for the projects.

The local company and state university have had other on-going collaborations, including the development of compounds for medical application and process development for biotechnology companies.

In other UMass Lowell news, the National Science Foundation awarded $1 million to its Francis College of Engineering for projects that integrate classroom learning with a charitable aspect. UMass Lowell is one of six recipients, out of 57 applicants, to receive the grant.

The money is a three-year award. UMass Lowell's project is entitled SLICE: Service Learning Integrated throughout a College of Engineering.

The object of the program is to include service-learning projects in existing courses throughout the entire curriculum, exposing every student in every engineering department to service learning during every semester.
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