NanoDynamics News
As I was thumbing through the Dubai Chronicle over my morning coffee, I noticed that a U.S. company was pursuing a listing on the Dubai International Financial Exchange at the end of this month. What makes this significant in our little-neck-of-the-woods is the fact that the American company making the news is one of ours. NanoDynamics Inc.
Hidden in plain sight beneath the Sky Way on Fuhrmann Boulevard, NanoDynamics develops and markets clean technology solutions for the international energy, environmental and infrastructure markets. The market for alternative energy generating devices, like NanoDynamics’ fuel cells, is booming. Per Nano’s research, the market for this technology is expected to top $1B this year and surpass $2.5B (yes, that’s billion) within the next four years. And, that’s just the U.S. market.
Enter the Dubai International Financial Exchange (DIFX). Dubai is growing in every conceivable way – population, global financial prominence, and even land-mass as they “create” islands off their perpetually developing shoreline of ultra-luxury resort hotels and towering architectural industrial complexes. This economic whirlwind has created a need for a more robust financial exchange. Nasdaq saw this and has recently announced a deal to purchase a one-third stake of the DIFX – allowing both companies further expansion into international and regional markets.
In a private placement listing, NanoDynamics will be selling $100MM worth of shares to US and Gulf investors this winter. While the Nasdaq DIFX may seem a curious avenue to pursue a listing, NanoDynamics is in talks with Dubai corporate and government entities regarding future infrastructure projects in both power and water sectors of the region.
Being in the right place at the right time is critical for any company’s IPO, and it seems like the planets have all aligned for NanoDynamics. Their technologies and philosophy of alternative energy is a recipe for financial success in our current business climate, and by taking this next step into the belly of the (energy) beast, Nano will hold an enviable global position in a developing market that they helped pioneer. Oh, and they’re here. In Buffalo.
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Comment Options
al-alo
this news about nanodynamics is very very very small.
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chris69
which brings me right back to what I have been saying for what 5+ years that Buffalo should have a Center for Excellence in Material Science and NanoTechnology, as well as, a Center for Excellence in Power Generation and Distribution.
We have Occidental and Olin and Dupont, we have Praxair and Gibralter, we have Nanodynamics and Buffalo Special Products, American Brass....we have chemicals, plastics, ceramics, metals, gases and nano-materials
We have Niagara Power (one of the largest hydro projects in the world), we have wind, we have various forms of geothermal, we have coal gasification, we have goal, natural gas, oil, wood, fuel cells, ethanol, biodiesel, etc.
We have the makings of two additional centers for excellence to broaden our research into areas where we have a geographic advantage and a legacy of power generation and material based industries just waiting for research and partnerships to take them to the next level.
THIS IS JUST ANOTHER EXAMPLE OF HOW BUFFALO IS MYOPIC AND NOT LOOKING TOWARD THE FUTURE, NOT LEVERAGING ITS ASSETS AND NOT CONNECTING THEM SO THEY COMPLEMENT ONE ANOTHER TO COMPETE BETTER IN THE GLOBAL MARKETPLACE.
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al-alo
what, i thought that one was pretty funny. aww, forget it.
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georgethomasapfel
hey I thought so al-alo....life is too darn serious!
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Joshua
ok al-alo - yeah billions --- no big deal.
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DJK
I just can't shake the image of this author "thumbing through the Dubai Chronicle over his morning coffee." What a pretentious introduction! LOL
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AtwaterLouse
DJK, maybe the intro was just for effect (or maybe you know the author and that's an inside joke), but OTOH hopefully Buffalo isn't disconnected from the global economy so much that nobody around here has reason to read a Dubai news source.
Jason, Good to see a company of that type discussed here. Good luck to them.
al-alo, It was nanofunny. But I added some stars for you anyway, just this once.
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RisingDamp666
The author was actually thumbing through the lifestyle section of the Dubai Chronicle, headline: "Michael Jackson seeks 72 virgins without having to take flight lessons." It's a small world after all.
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leadi
If anyone has their pulse on the world economics then they know what has been happening in the Kingdom of Dubai for at least the last 10 years. If it sounds prententious, you might want to consider reading up a little on Dubai. Not only has it developed so much in such a short time that it has become one of the top "hot" spots for travel, but now Dubai is investing in US companies. You might want to keep your eyes peeled because before you know it, your bank will become just another asset for the Sheik. Dubai placed the first order for one of those new, huge jumbo airplanes (Boeing 767?) within the last year.
al-alo - I thought your comment was really funny.
RD666 - I laugh everytime! (maybe the Sheik can share some space on the jumbo jet with Michael Jackson....)
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