SOUTH SAN FRANCISCO, Calif., Sept. 7 /PRNewswire/ -- NanoeXa, a
nanotechnology-based clean energy company, today announced that the company
has completed the acquisition of Decktron (Kosdaq: 053070), a publicly
traded manufacturer of flat panel displays and lithium batteries. Under the
deal, NanoeXa assumes controlling interest in Decktron, which will continue
to be publicly traded on the Korean Stock Exchange.
"Decktron is a fast growing company with a successful line of flat
panel displays and an innovative line of high quality lithium batteries.
The combination of Decktron's manufacturing and marketing expertise and
NanoeXa's breakthrough computational modeling platform will dramatically
accelerate the development cycle of industry leading products," said
NanoeXa CEO Michael Pak.
NanoeXa is a nanotechnology company focused on near term
commercialization to mitigate long-term risk. NanoeXa will immediately
apply its nanotechnology expertise and lithium battery intellectual
property portfolio to enhance the performance, efficiency, and safety of
Decktron's current and future products. In the near term, this will usher
in high performance lithium batteries enabling clean energy products.
NanoeXa is a nanotechnology-based clean energy company creating new
business units that utilize nanotechnology and computational modeling
innovation to dramatically improve material performance in clean energy
products such as lithium batteries and solar cells. NanoeXa has assembled
an extensive lithium battery intellectual property portfolio and has
developed a computational modeling platform technology that offers a unique
and powerful way to design and validate material design from the quantum
level. NanoeXa is based in South San Francisco, California. For further
information, visit www.nanoexa.com .
Decktron is an advanced technology and manufacturing company focused on
delivering next generation lithium batteries that deliver exceptional
performance and safety levels. In addition to lithium batteries, Decktron
is a leading supplier of flat panel displays, including LCD and PDP,
generating revenues of $100 million in 2005. Decktron will continue to grow
its flat panel display business while becoming a global supplier of
advanced lithium batteries for high end professional and consumer
applications. Decktron is publicly traded on the Korean Stock Exchange and
is headquartered in Seoul, Korea. For further information, visit