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Manhattan Scientifics (MHTX) announced Tuesday that it was marketing NanoTitanium, the company’s proprietary nanostructured metal. The material came out of a post-cold-war collaboration between atomic weapons scientists at Los Alamos National Laboratory and Russian counterparts.
On July 2, Manahattan Scientifics held a press conference in Albuquerque where company officials were joined by a delegation of state political figures to announce the acquisition of Metallicum.
In a press release on the occasion, Manhattan Scientifics CEO Manny Tsoupanarias said, “With the acquisition of Metallicum, Manhattan Scientifics is re-inventing itself as a ‘green company.’
NanoTitanium is one of several nanostructured metals produced by a technology that originated in Russia and then was improved upon at LANL, laboratory spokesperson Kevin Roark said Tuesday.
Manhattan Scientifics proposes to use the lightweight, and “super strong” NanoTitanium in the medical device and prosthetics industries, as well as for manufacturing lighter fleets of transport vehicles, including automobiles, railroad cars and airplanes.
“Less material translates to lighter weight and reduced environmental impact. For example, a lighter weight car uses less gas,” said Terry Lowe, co-inventor of the technology, and president and chief scientist of the Metallicum division. “A big airplane like a B747 has about 100,000 pounds of titanium in its construction. We believe our nano metals could reduce that weight by about 5 percent or 5,000 pounds.”
Metallicum was a laboratory spin-off company that began as a dental implant maker and then moved on to hip and knee replacements and other implants.
In the news conference announcing the merger, Sen. Jeff Bingaman, D-N.M. said, “I believe the merger of Manhattan Scientifics with eeMetallicum will have a very positive effect on New Mexico and the country. This merger is another great example of how our national laboratories can partner with the private sector and eecreate vital jobs while meeting some of our nation’s most pressing needs.”
Rep. Tom Udall, D-N.M. and Lt.-Gov. Diane Denish also attended the event in Albuquerque, which was held at the MHTX affiliate laboratory.