The long term chart is too choppy and read the early posts, like this one:
Arrowhead Unit Acquires Unidym Wednesday June 14, 7:25 am ET Arrowhead's NanoPolaris Unit Acquires LA-Based Maker of Carbon Nanotube Electronics
PASADENA, Calif. (AP) -- Arrowhead Research Corp. said Wednesday its NanoPolaris unit acquired Unidym, a Los Angeles-based developer of carbon nanotube-based electronics, for cash and shares equal to 10 percent of NanoPolaris' outstanding voting stock at closing. ADVERTISEMENT
Arrowhead Research invested $3 million in NanoPolaris at deal close, and committed up to $4 million of additional capital to NanoPolaris, with $2 million to be paid on the first anniversary of closing and the remaining $2 million to be paid on the second anniversary.
Unidym founder Dr. George Gruener will serve as chief technical officer of the combined company. The first product, transparent and conductive nanotube networks, could enable the next generation of flat panel displays, touch screens, light-emitting diodes, and solar cells, Arrowhead said.
Prior to this transaction, NanoPolaris had assembled exclusive commercial rights to nanotube materials and processes developed at the California Institute of Technology, University of California at Los Angeles, Duke University, Pennsylvania State University, University at Buffalo, University of Toronto, Rensselaer Polytechnic Institute, and Tsinghua University.
Existing products such as flat panel displays, touch screens, and solar cells use indium tin oxide as the transparent electrode. The company said ITO, however, has limitations in its performance, an increasing price, and is not optimally suited for integration into many existing and new device architectures. Unidym's carbon nanotube networks are mechanically flexible, can be deposited on lightweight plastics instead of heavy glass, and could be substantially more conductive than ITO, Arrowhead said.
"Our transparent and conductive nanotube networks are just the beginning of the transition to an electronics industry based on carbon. Expected subsequent products include nanotube thin film transistors that enable palm pilots to bend, electronic brochures to roll up, or low cost RFID tags. As one looks to the future, there is a strong possibility that carbon nanomaterials might be used to replace metal interconnects and silicon transistors," said Gruener.
So it seems to be a vehicle used by the university to commercialize tech. I haven't seen anything like this before so don't quite know what to make of it.
