This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Applied Nanotech Holdings, Inc. Announces License Agreement For Golf Club Shafts With Prominent Sporting Goods Manufacturer

AUSTIN, Texas, Dec. 13, 2010 (GLOBE NEWSWIRE) -- Applied Nanotech Holdings, Inc. (OTCBB:APNT) announced that following the successful completion of the research and development portion of its agreement (see press release of January 4, 2010), its sporting goods partner has exercised its option to license its CNT composite technology for use in golf club shafts. This agreement follows the previous license agreement for tennis and badminton racquets that was signed in October 2008, with the same manufacturer.

This license agreement grants the sporting goods manufacturer the exclusive right to use Applied Nanotech's CNT composite technology in the manufacture and sale of golf club shafts in Japan and Taiwan, and the nonexclusive rights to sell the product on a worldwide basis. In exchange for this license, ANI will receive an upfront royalty payment in December 2010, and an ongoing royalty based on sales of the sporting good manufacturer's products using the technology. We expect that our partner will have products on the market in early 2011 and publicize those products prior to their introduction.

"Working together with our partner, we have achieved considerable improvement in the flexural strength of FRPs, which is equivalent to the realization of better than 10% lighter products while preserving their mechanical strength," said Dr. Zvi Yaniv, CEO of Applied Nanotech, Inc. "These results will allow our partner to introduce new and improved products in the market and we expect these products to be introduced in early 2011."

"This agreement will further increase our profitability in 2010, which was previously discussed in the November 15, 2010 shareholder letter posted on our website," said Doug Baker, CEO of APNT. "We are pleased to complete this important agreement and look forward to having this first product using our technology in the marketplace generating royalties. More importantly, we expect several products from various partners to hit the market and generate recurring royalties in 2011."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 -0.11%
FB $118.57 0.84%
GOOG $698.21 0.75%
TSLA $241.80 0.43%
YHOO $36.53 -0.19%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs