OCSiAL will not be acquiring Zyvex

The world’s largest nanotechnology business: OCSiAl and its Zyvex acquisition as my June 23, 2014 post was titled is no longer true as per a Sept. 10, 2014 news item on Nanowerk,

Zyvex Technologies and OCSiAl today announced that a previously reported acquisition has been terminated. In June, the companies announced that Zyvex was to be acquired and would operate as the Zyvex Technologies division of OCSiAl. This decision does not affect future plans for cooperation between the companies.

Curiously Zyvex does not have a news release on its website about this latest turn of events although there is this Sept. 9, 2014 Zyvex news release on the Dayton [Ohio, US] Business Journal website, which appears to have originated the Nanowerk news item,

Zyvex Chairman Jim Von Ehr said, “When we started talking with OCSiAl earlier this year, we saw synergies in combining, but as we went along, it became apparent that we could better serve our customers and employees by remaining independent. We look forward to a continued relationship with OCSiAl across a number of areas, but as separate companies. The advanced technology and class-leading products offered by each company will continue to be independently available for commercial applications.”

About Zyvex Technologies
Zyvex was founded in 1997 as the first company solely focused on nanotechnology. Zyvex successfully introduced products to a variety of industries, from semiconductors to sporting goods, and received significant acclaim for its advances in commercializing molecular nanotechnology. More information can be found at www.zyvextech.com.

About OCSiAl
OCSiAl is the creator of a leading technology for the mass industrial production of single wall carbon nanotubes, redefining the market in terms of price and quality. … More information can be found at www.ocsial.com.

OCSiAL does have a Sept. 9, 2014 news release saying much the same as the Zyvex news release but offering a* quote from their Chief Executive Officer (CEO),

Max Atanassov, CEO of OCSiAl LLC said “Cancelling the deal was our mutual decision – we found it to be the best option. What is essential is that we continue to cooperate and see prospective opportunities in our partnership”.

The termination of the deal will not influence OCSiAl’s strategy and further plans. The company will continue to offer top-quality single wall carbon nanotubes (SWCNT) at industrial scale and specially designed universal nanomodifiers for various industries, including polymers, composite materials, elastomers, lithium-ion batteries and transparent conductive films.

And so OCSiAl loses its claim to being the world’s largest nanotechnology company. These are interesting times.

*’a’ added on Dec. 30, 2015.

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