EIKOS TO RECEIVE A $1 MILLION GOVERNMENT CONTRACT RESULTING FROM
FRANKLIN, MA, January 13, 2004 – Eikos Inc. a developer and licensor of highly transparent carbon nanotube (CNT) inks for conductive coatings and circuits, will receive a $1million contract from the Dept. of Defense Appropriations Bill, as a result of the support of Rep. Jim McGovern (D-MA).
McGovern was able to add $1million to the Department of Defense Appropriations bill, which earmarks funding for transparent conductive coating research at Eikos. McGovern recently visited Eikos to announce the funding and to tour the facilities.
In announcing the funding, Joe Piché, founder and CEO of Eikos said, “We could not have landed this important award without the direct involvement of Jim McGovern and we’re very excited about this impending contract. Government contracts of this sort not only provide jobs and revenues themselves, but also support the extension of the technology to commercial applications, which will further expand our business and our employee base.”
According to Rep. McGovern, "I am so proud to represent Eikos in Congress. I'm also pleased that we were able to secure $1 million in the Defense Appropriations bill for the amazing work being done there. For decades, heavy manufacturing dominated the economy of Central and Southeastern Massachusetts. That economy is disappearing. And in its place, we need to do everything possible to encourage companies like Eikos. These nimble, aggressive high-tech firms not only create jobs, they expand our tax base and position us for the future."
Eikos Inc. is a developer and licensor of highly transparent carbon nanotube (CNT) inks for conductive coatings and circuits for use in flat panel displays, OLED lighting, solar cells, smart windows and other established markets. Eikos’ patented InvisiconTM transparent conductors (‘nanowires’) will enable high volume, low cost production of a thinner, more flexible and more durable conductive coating technology that will displace Indium Tin Oxide (ITO) as the industry standard. A privately held company headquartered in Franklin Massachusetts, Eikos has a number of licenses and development contracts with major global companies, U.S. military agencies and NASA and is planning to establish manufacturing operations in the U.S. and Asia. For more information, please visit us at www.eikos.com.