Shrink Nanotechnologies Enters Into Exclusive Development and
Manufacturing Agreement with EV Group to Commercialize Stem Disc
Platform
Initial StemDisc450 Structured
Films to Manufactured in EV Group’s State-of-the-Art Phoenix,
Arizona Facility
CARLSBAD, CA
– December 7, 2010 – Shrink Nanotechnologies, Inc.
(“Shrink”) (OTCBB:INKN), an innovative nanotechnology
company developing products and licensing opportunities in the
solar energy industry, medical diagnostics and sensors and
biotechnology research and development tools businesses, announced
today that it has entered into a multi-year development and
manufacturing agreement with EV Group, a 30 year old Austria-based
leader in the nano-imprint lithography process designing and
equipment manufacturing. The mutually exclusive two year
agreement calls for EV Group and Shrink to develop and manufacture
Shrink’s structured substrates for its StemDisc stem cell and
cell culturing platform.
Some of the key
design features of the StemDisc are:
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Each StemDisc
contains an eight-well footprint, and each well contains
approximately 850 individual honeycomb shaped microwell cell
culturing environments;
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Each StemDisc
microwell environment is approximately 450 microns across and over
100 microns deep, and is made from sub 200 micron thick optically
transparent polymers, allowing the researchers’ microscope
unprecedented access to the biological sample; and
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The bottom
aspect of the cell culturing environment is round, mimicking the
natural shape of many of the tissue samples which may be studied in
the StemDisc.
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“We are
pleased to announce Shrink’s relationship with EV Group, a
world class nanotechnology applications developer and equipment
manufacturer with a global presence. Over the past two
years, Shrink StemDisc product footprint will serve as a platform
for our entry into the growing cell culturing
business. We believe that StemDisc offers unique
competitive advantages relative to its peers and are excited as an
organization as we roll out our initial products later this year
and into the first quarter of next year,” said Mark L. Baum,
CEO of Shrink Nanotechnologies, Inc.
Baum added,
“Throughout the development process, we have counseled with
EV Group and they have assisted us in creating manufacturing
solutions that will allow Shrink to move from the prototype stage
to the ability make many thousands of devices. As
important, our relationship with EV Group has been structured for
us to move beyond our initial product, the StemDisc450, as we add
new products to the StemDisc family of products.”
EV Group VP and
General Manager of North America stated, “Our Agreement with
Shrink follows many months of work between Shrink’s StemDisc
development group and our staff in Tempe, Arizona. Our
team’s dedication to Shrink’s desire to create a robust
process to manufacture many thousands of StemDisc devices in an
efficient and cost effective process using EV Group’s
state-of-the-art Application Lab has borne fruit
