$10,000,000 Potential Funding Nano Technology >>
UMAX is presently moving forward with its audit in the coming months, to finalize the S1 filing with the SEC, the company is happy to announce that the CEO is also talking to an investor, potentially willing to partner to the sum of 10M USD to fund the Nano Technology Manufacturing facility, negotiations are still on going in the effort to funding Clever Tech on the Nano Technology joint venture agreement signed last year with UMAX. This would be enormous for the company to succeed in financing a manufacturing facility here in the United States. The creation of jobs is a major priority to UMAX, to assist in the diversification of the Las Vegas industries. UMAX has talked with a local mayor on the possibility of establishing the facility in Las Vegas and creating major employment opportunities, it was greeted with great enthusiasm.
The CEO also visited with the economic development department of Clark County to begin researching the possibility of receiving state and federal incentives upon funding. of the Nano Technology Facility. Nano technology will be a major competitor to various electrical industries such as the LED industry, Solar as well as heating industry, it holds so many applications yet to be discovered. The CEO Ian Dixon quotes this is a huge step forward once funded is achieved, he intends to continue looking for funding until the funding until this technology is funded even if the above tentative commitment fails, as it opens the door to the production of so many applications utilizing the Nano Technology. Nano technology, in general, produces no major pollution and environmental impact a clean source of energy, another key component to Nano Technology is the cost of manufacturing, significantly less than traditional products, everything is based on a form of screen printing process utilizing robotic systems. (We will keep you posted)
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