Nanopierce Technologies, Inc. Deploys Joint-Venture
Initiative
DENVER, July 29 /PRNewswire/ -- Nanopierce Technologies, Inc. (OTC Bulletin Board: NPCT - news) today announced that it has commenced the application of the initial $500,000.00 installment of its $8.5 Million Financing.
The Company's recently completed staged financing permits the Company to draw down funding, based upon its financial requirements and the market price of its common stock. This structure is designed to minimize the dilution on the outstanding common shares of the Company
and maximize shareholder value.
Mr. Gilbert Olachea, President and Chief Executive Officer of Nanopierce, stated, ''Our recently completed financing, permits the Company to access funding when and as required at a time of our choosing, coordinated with the market price of our stock.'' Mr. Olachea further stated, ''We have substantially deployed the first $500,000.00 installment in accordance with our previously disclosed business objectives. The Company is currently conducting substantive
negotiations with a potential joint venture partner to develop other commercial markets and applications of the technology.''
Nanopierce owns ten patents, seven patent applications pending, two patent applications in preparation and other intellectual properties, relating to the Nanopierce Technology Material (NTM). This revolutionary material is designed to provide an electrically and mechanically reliable interconnection method for high-density circuit boards and componentsreplacing the current use of metal pins and solder techniques.
For further information please contact Nanopierce Technologies, Inc. at 303-592-1010.
SOURCE: Nanopierce Technologies, Inc |
