PALO ALTO, Calif., Sept. 9, 2014 /PRNewswire/ -- OCSiAl LLC and Zyvex Technologies today announced the termination of their recently publicized M&A deal. The companies entered a new stage in their collaboration after it was mutually decided that they could be more effective by remaining independent. This decision would not impact their plans for further cooperation in developing business opportunities in the nanomaterials market.
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.
About OCSiAl
OCSiAl is an international technology company with operations in USA, UK, Germany, Russia, South Korea and headquarters in Luxembourg. OCSiAl is the creator of a leading technology for the mass industrial production of single walled carbon nanotubes, redefining the market in terms of price and quality. OCSiAl enables commercial advances in industries from lithium-ion batteries to tires and rubber, transparent conductive films, and polymer composite materials. More information can be found at www.ocsial.com.
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 semi-conductors to sporting goods, and received significant acclaim for its advances in commercializing molecular nanotechnology. More information can be found at www.zyvextech.com.
SOURCE OCSiAl
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