This move is to improve efficiencies implemented by the company’s newly appointed chief executive officer (CEO), Mark Tilley, who also serves as Arrowhead’s vice president of advanced materials.
“Unidym has built what we believe to be a dominant position in high value CNTs for electronics and energy applications by rolling up foundational technologies from over a dozen institutions and acquiring three companies,” said Christopher Anzalone, Arrowhead’s CEO. “A challenge for this type of roll-up is integration, and consolidating CNT production in California represents the completion of Unidym’s integration of Houston-based Carbon Nanotechnologies, Inc., which was acquired in 2007.”
As part of the consolidation, the company is also sharpening its focus to better serve its ongoing joint development agreements with touch panel and LCD manufacturers. The company is expanding its licensing program to extract value from production of other grades of CNTs for non-core markets.
“Although the timing of the plant closure was based on the expiration of our facility sublease, the decision to consolidate in the Valley is driven by longer term considerations including integration of our business development, R&D and production teams in the same location during our commercial ramp up and an improved cost structure,” Tilley said.
