Nanotechnology Consortium Launched in NJ

MURRAY HILL, N.J., April 1 -- The New Jersey Nanotechnology Consortium (NJNC) announced it has opened for business to develop and commercialize products based on nanotechnology.

NJNC said it uses corporate, academic and government participation to develop cost-effective nanotechnology devices for a variety of industries, including the pharmaceutical, biomedical, electronic materials, optical/photonics, defense/aerospace, energy, industrial and semiconductor markets.

The company is based at the New Jersey Nanofabrication Laboratory, a former Bell Labs facility in Murray Hill. It has received $2 million in funding from the state of New Jersey for fiscal year 2003.

Larry Thompson, NJNC's CEO, said six projects are underway from private companies working to bring nanotech-based products to market.

For more information, visit: www.njnano.org