Ferro and Nanofilm Form Partnership for Sales of Nano-Coatings into Glass and Ceramic Industries

Ferro Corporation and Nanofilm today announced that they have reached an agreement whereby Ferro will market Nanofilm’s unique range of nano-coatings to the global glass and ceramic markets.

This new relationship combines Ferro’s extensive sales network and leading performance materials supplier position in the glass and ceramic industries with Nanofilm’s technology platforms and experience in formulating thin films for a wide range of substrates and surfaces.

"This is an excellent fit with our general business strategy to enhance the value we bring to our customers through technology and product innovation," said Michael J. Murry, Vice President, Ferro Inorganic Specialties. "We believe our partnership with Nanofilm offers some exciting synergies and will benefit our application markets. We are pleased to be offering our customers an expanded product portfolio with Nanofilm’s cutting-edge technologies."

Scott Rickert, Nanofilm’s co-founder, President and CEO, added, "Nanofilm is truly excited to be working with Ferro to bring nanotechnology solutions to their customers. We see tremendous growth opportunities created for us through Ferro’s global market leadership positions and look forward to a successful relationship."

About Ferro Corporation

Ferro Corporation ( http://www.ferro.com) is a leading global supplier of technology-based performance materials for manufacturers. Ferro materials enhance the performance of products in a variety of end markets, including electronics, solar energy, telecommunications, pharmaceuticals, building and renovation, appliances, automotive, household furnishings, and industrial products.

Headquartered in Cleveland, Ohio, the Company has approximately 6,300 employees globally and reported 2007 sales of $2.2 billion.

About Nanofilm

Nanofilm ( http://nanofilmtechnology.com) is a leader in nanofilm technology and self-assembling thin films for a variety of substrates and surfaces. With an in-house team of nanotechnology specialists, the company continues to leverage its rich technological strengths and core competencies to capture growth opportunities in nanotechnology applications. Nanofilm is a privately held company with headquarters in Valley View, Ohio, near Cleveland.

600450 Ferro and Nanofilm Form Partnership for Sales of Nano-Coatings into Glass and Ceramic Industries glassonweb.com
Date: 24 September 2008
Source: http://www.marketwatch.com

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