MSU Nano Spinout Gets $1M

7/12/10

XG Sciences, a Michigan State University spinout that makes graphene nanoplatelets that can be used as additives in a number of products to give them special properties, received $1 million today in a deal with Korean conglomerate Hanwha Group. XG’s technology involves a fast and inexpensive process of separating layers of graphene into nanometer-size stacks. When tailored with special surface chemistry, the graphene can give polymers improved strength or increased electrical and thermal conductivity. Initial funding for XG came from MSU and the Michigan Economic Development Corporation’s 21st Century Jobs Fund. Hanwha produces chemicals, munitions, plastics, and similar materials for aerospace, automotive and consumer goods industries.

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