History

2002

• Founded by Dr. Stephen J. Fonash, also Founder and Director of PSU Center for Nanotechnology Education and Utilization and Founder and former Director of PSU Nanofabrication Facility
• Exclusive License from Penn State Research Foundation
• Initial Funding: $750 K from Pulsar Ventures LLC
• Established facilities:  Innovation Park, State College, PA
• Thin Film Sensor Technology Patent Issued

2003

• $1.2 M investment from PA Life Sciences Greenhouse (Life Sciences Greenhouse of Central PA ), Ben Franklin Technology Partners and private investors
• Hired experienced CEO
• Established prototype production facility
• Product evaluations and R & D

2004

• Commercial introduction of QuickMass™  target technology by Shimadzu Biotech, (www.shimadzu-biotech.net) a major mass spectrometer manufacturer
• QuickMass™ Technology Patent Issued
• Announced NanoParticle product
• Awarded subcontracts on two DARPA projects
• Received Frost & Sullivan 2004 "Excellence in Technology" Award for the application of the emerging science of nanotechnology to drug discovery

2005

• Development of SmartSilver™ Brand of antimicrobial/anti-odor nanoparticle additives for natural and synthetic fibers and fabrics, and solid polymers.

2006

• Deployment of SmartSilver into major brands of performance apparel and gear in a wide range of markets.