Palo Alto, California, September 9, 2014 –OCSiAL LLC and Zyvex Technologies announced the termination of their recently publicized M&A deal. The companies entered a new stage in their collaboration after it was mutually decided that they could be more effective by remaining independent. This decision would not impact their plans for further cooperation in developing business opportunities in the nanomaterials market.
Max Atanassov , CEO of OCSiAl LLC said “ Cancelling the deal was our mutual decision - we found it to be the best option. What is essential is that we continue to cooperate and see prospective opportunities in our partnership ”.
The termination of the deal will not influence OCSiAl’s strategy and further plans. The company will continue to offer top-quality single wall carbon nanotubes (SWCNT) at industrial scale and specially designed universal nanomodifiers for various industries, including polymers, composite materials, elastomers, lithium-ion batteries and transparent conductive films.