WILMINGTON, Del., Jan. 3, 2007 (PRIME NEWSWIRE) -- Third-Order Nanotechnologies, Inc. (Pink Sheets:TDON), a nanotechnology company, formerly PSI-TEC Corporation, announced today the formation of a strategic partnership with Photon-X, LLC (www.photon-x.net) for the production of high-speed telecommunication systems and computer hardware. The partnership is expected to be the first major step in the establishment of a broader consortium targeted to enhance our telecom product development and expand these efforts into military markets.
Third-Order and Photon-X are engaged in product development negotiations with other parties to create advanced hardware for high-performance computer and telecommunication systems targeted primarily at defense, intelligence and security markets.
Third-Order develops next-generation electro-optic (EO) materials, some of which have recently been independently verified as exhibiting a 650% performance evaluation over state-of-the-art competitive molecular designs. As part of the current agreement, Photon-X will support the fabrication of essential components from these core EO materials through established manufacturing processes. The intention of the anticipated consortium is to integrate these components into specific end-products.
Photon-X fabricates extremely high-efficiency low-loss waveguides (less than 0.05 dB/cm) primarily for customers within the U.S. Government and Department of Defense. Their polymeric waveguide structures have excellent environmental stability and unique design flexibility. Photon-X is known for creating record-breaking device subcomponents that are key elements in polymer based photonic modules.
"The integration of our advanced materials into end-products is the next logical step following recent independent verification of our next-generation material platform," stated Frederick Goetz, president of Third-Order. "Potentially expanding the application of our technologies into military telecom and high-speed computation spheres is exciting and highly synergistic with our current product development road-map."
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The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
Insight Capital Consultants Brock Malky, Investor Relations Manager (724) 742-4420