NYSERDA Awards $650,000 to Primet Precision Materials to further work on energy-efficient battery materials process, lithium titanate anode
Source: Green Car Congress
January 11, 2013

The New York State Energy Research and Development Authority (NYSERDA) has awarded $650,000 to Primet Precision Materials of Ithaca to further the company’s work on developing a more energy-efficient process to manufacture high-end battery materials. The NYSERDA funding will leverage an additional $1.5 million in matching funds and in-kind services from Primet.

The funding will also be used for the firm to develop an improved lithium titanate anode material that could improve battery safety and make more efficient rechargeable batteries for a variety of uses, including modular utility electric systems for use at wind and solar generating sites.

The NYSERDA funding has two facets:

• $400,000 under NYSERDA’s Innovation in the Manufacturing of Clean Energy Technologies Program, for the company to scale up production of its NanoScission process, a novel particle-processing technology used to produce performance-enhancing battery materials. The funding, which is meant to help commercialize technology in the clean energy sector, will allow Primet to grow its process from lab-scale to a continuous NanoScission manufacturing process that can produce tons of materials. The NanoScission process is estimated to require a fourth of the energy used in conventional battery material production, at a third of the cost.
   
• $250,000, in conjunction with the New York Battery Energy Storage Technology (NY-BEST) Consortium, for Primet to continue seeking new markets for its anode materials, a lower-priced alternative to many products on the market today. Primet’s product also has the advantage of being produced with a much more energy-efficient process. Primet is a member of NY-BEST.

Primet, a 32-employee company, has launched NanoScission, a novel low-cost particle processing technology that can be used to produce high-performance battery materials. Using the NanoScission process, the company is producing electrode materials for the battery industry that can improve performance and lower the cost of lithium-ion batteries.

New Process Promises Cheaper Li-ion Battery ElectrodesPrimet Precision was recently featured in the SAE Journal of Vehicle Electrification.

Click here to download and read the article in PDF format

New Process Promises Cheaper Li-ion Battery Electrodes
Source: WardsAuto
December 4, 2012

More affordable electric vehicles soon may be possible, thanks to a new process that significantly cuts the production costs of electrode materials used in lithium-ion battery cells.

Larry Thomas, CEO of Primet Precision Materials, claims his company’s NanoScission technology lowers the cost of materials used to coat battery electrodes.

“That’s a game-changer,” he says. “Primet’s process lowers that cost barrier. It will help put electric vehicles on the same playing field as traditional vehicles from a price standpoint.”

Nanoparticles used in coating electrodes are the most expensive material used in battery-pack cells, according to Thomas.

The NanoScission process produces a powder that battery manufacturers turn into a slurry used to coat copper or aluminum foil used to make electrodes. “We believe we have the lowest-cost process for making high-performance electrode powders,” Thomas tells WardsAuto in an email.

“This would result in dramatic improvements in the cost and performance of batteries, and thus significant expansion of the battery market via widespread adoption in electric vehicles.”

He also claims NanoScission can cut capital and operating costs for producing electrodes by up to 85%. This can translate into saving more than $50 million on the cost of building a “world-scale” plant and more than $10 million in annual operating costs, Thomas says.

Primet is offering a licensing package capable of producing 300 tons (272 t) of electrode materials annually for immediate use. Thomas says that’s enough to make 30,000 Toyota Prius battery packs. He claims the payback period is only two years.

The Primet process could be worth as much as $2,000 per vehicle for an EV with a 25-kWh pack, about the approximate capacity of the pack in a Nissan Leaf. Some companies have estimated Primet’s technology could result in reducing the cost of battery packs by up to $100 per kWh.

Thomas says Primet, which is based in Ithaca, NY, does not plan to produce the powders itself, but seeks to license its process to battery makers. “We have had many discussions with interested parties, but can’t comment on the status due to confidentiality restrictions.”

Changing How Batteries Are Produced – Lithium Battery Power 2012: Primet Precision’s NanoScission® process reduces costs and improves performance of Hybrid, Plug-In, and Electric Vehicles
Source: Nanotechnology Now
November 30, 2012

Primet Precision CEO Larry Thomas announced the licensing opportunity at a press conference on Nov. 15 in New York.

“The cost associated with traditional manufacturing processes for electrode materials needed for lithium-ion batteries has been holding back electric vehicles since their introduction to the market,” Thomas said. “High cost and inefficient manufacturing naturally translates to higher costs to consumers. Primet’s process lowers that cost barrier. It will help to put electric vehicles on the same playing field as traditional vehicles from a price standpoint. That’s a game changer.”

Primet’s environmentally-friendly process technology offers dramatic savings – up to 85% reductions in both capital and operating costs for electrode material production, and with lower-cost raw materials than the industry uses today. And as electric vehicle sales grow to one million in 2015, as projected by the US Department of Energy, American consumers will be saving close to $1 billion a year, as well.

This means by deploying Primet’s NanoScission® technology, the average materials manufacturer will be saving more than $50 million on the cost of building a world-scale plant and over $10 million in annual operating costs. These savings can also be realized very quickly in retrofit and expansion of existing production facilities.

Normally, companies worry that low-cost means low performance. Not in this case, says Thomas. “NanoScission is that rare technology that offers both low cost and high-performance. Our commercial and government partners have verified that electrode materials produced by Primet have some of the highest performance they’ve seen, and the batch-to-batch consistency is excellent.”

Licensing packages are being prepared for immediate deployment in commercial facilities. Installing a production line in an existing facility capable of making 300 tons of electrode materials per year (enough to make 30,000 Toyota Prius battery packs) would require very low capital equipment expenditures, just a few million dollars. Companies employing the technology can expect a payback period on their investments of less than two years.

Best of all, implementing Primet’s technology would not require auto manufacturers to change anything in the design or construction of their batteries or vehicles, as Primet’s process simply allows suppliers to make the same materials at a large scale, at a lower cost, and with high performance.

Primet’s NanoScission® process technology relies on a broad portfolio of globally-filed and issued patents, as well as extensive trade secret knowledge on desirable particle features and the processes and equipment required to create them. This IP covers the entire production process for the conversion of base minerals into finished electrode powders and formulated slurries ready for battery fabrication. And Primet is continuing to advance its technology through extensive product and process development.

Primet’s process has been recognized by industry experts, US government laboratories, and the world’s leading battery producers as a step-change improvement over conventional technology for the production of advanced materials. The technology has been proven on a wide array of cathode and anode compositions that are in current use as well as next-generation high-voltage materials. Primet is ready to provide commercial quantities (e.g. 25 kg bags) of electrode materials made at its demonstration facility in Ithaca, NY, so the performance and cost advantages can be tested by our customers.

Parties interested in applying Primet’s technology may contact Primet at licensing@primetprecision.com .

Primet Ceo Larry Thomas To Speak At Advanced Energy 2012 In New York City
October 10, 2012

ITHACA, NY – The Advanced Energy Research & Technology center has invited Larry Thomas, President and CEO of Primet Precision Materials, Inc., to present as part of a prestigious panel at the Advanced Energy 2012 conference (www.aertc.org/conference2012/) to be held at the Jacob K. Javits Convention Center in New York City, Oct. 30-31.

The two-day event will feature keynote addresses and informational sessions focusing on every sector of the energy industry, with special emphasis on several key areas: smart grid, solar, offshore and onshore wind, battery and energy storage and energy cyber-security.

During a presentation relating to the scheduled topic “Technology Advancements in Energy Storage,” Mr. Thomas will share his perspectives on the urgent need for the suppliers of critical raw materials and producers of lithium ion batteries to develop and adopt a process that can:

• Substantially reduce the cost of producing powders, in turn dramatically reducing the cost of the battery packs for electric vehicles.
• Create production at scalable levels in a physical footprint dramatically smaller than current traditional methods.
• Greatly reduce the energy required to produce, far less than current methods.
• Be a water-based technology and with little or no waste residual – a green process.
• Offer production at scalable levels with a much shorter production cycle.

About Primet Precision Materials, Inc.:
Primet Precision Materials, Inc. is an advanced materials company with innovative technologies capable of producing materials sized from micron to nano. The company’s focus is on lithium-ion battery materials for electric transportation where its technology can quickly transform this industry. Primet’s NanoScission® process can dramatically reduce manufacturing cost for batteries needed in the key segments of electric transportation, including e-bikes, hybrids and electric vehicles, helping to dramatically reduce the retail costs for these vehicles to put them in reach of mainstream consumers. To learn more about Primet, visit www.primetprecision.com.

Primet Precision Ceo Larry Thomas To Address International Battery Conference In Munich
Sole U. S. panel representative to examine global future of important industry sector
October 3, 2012

Ithaca, NY (Oct. 3, 2012) — Larry Thomas, CEO and President of Primet Precision Materials, Inc., has been asked by organizers at MunichExpo to speak at the 2nd International Battery Conference (http://www.battery-conference.com/) on October 25, 2012. This conference will parallel two renowned trade fairs, eCarTec and Materialica, the latter being Europe’s top event for material-driven and supplier-oriented product innovations. The focus of the 2nd International Battery Conference is on battery and fuel cell production including materials, technologies and applications.

Mr. Thomas will offer a presentation during the “market relevance” portion of the conference titled “Changing the Landscapes of Lithium Ion Batteries.” His talk will address the urgent need for the suppliers of critical raw materials and producers of lithium ion batteries to develop and adopt processes that can:

• Substantially reduce the cost of producing powders, in turn dramatically reducing the cost of the battery packs for electric vehicles.
• Create production at the scale required by the auto industry without requiring excessive capital investment
• Avoid solving one environmental problem (vehicle fuel consumption and emissions) by creating another (chemical processes that consume massive amounts of energy, use solvents or other harmful process chemicals, and create significant waste streams)
• Produce multiple chemistries from a single process to reduce the time from invention to production of new molecules

Primet’s patented NanoScission® process technology is one such technology. It can dramatically lower electrode material production costs at industrially scalable manufacturing levels required to make large quantities of materials needed by the EV industry. Cost effective, scalable processes for highly uniform particles have previously been an industry wide deterrent for mass production.

One of nearly 20 presenters from several countries, Mr. Thomas will be the sole representative from the United States joining in a discussion of how the global future of battery power may look. The program will also include talks on various processes, materials, and perspectives on the ever-changing world of alternative energy and battery power.

About Primet Precision Materials, Inc.:
Primet Precision Materials, Inc. is an advanced materials company with innovative technologies capable of producing materials sized from micron to nano. The company’s focus is on lithium-ion battery materials for electric transportation where its technology can quickly transform this industry. Primet’s NanoScission® process can dramatically reduce manufacturing cost for batteries needed in the key segments of electric transportation, including e-bikes, hybrids and electric vehicles, helping to dramatically reduce the retail costs for these vehicles to put them in reach of mainstream consumers. To learn more about Primet, visit www.primetprecision.com.

Primet Precision Named a Top Green Company
Placed among the 50 Most Promising Privately-Held Green Tech Companies in NY
October 3, 2012

ITHACA, NY – Green Capital Empire has named Primet Precision Materials, Inc. one of the New York Green Tech 50 companies for 2012. This list includes the top most promising privately-held green tech companies in New York State.

“We’re honored to be named one of New York’s top green companies,” said Larry Thomas, President and CEO of Primet Precision Materials, Inc. “Primet’s technology dramatically reduces the impact of manufacturing electrode material in the quantity needed on an industrial level. Being environmentally conscious is one of our core values.”

Primet joins other upstate New York companies such as e2e Materials, Novomer, and NOHMS Technologies on the list. The entire list can be found at: www.greencapitalempire.com/ny-green-tech-50.

About Primet Precision Materials, Inc.:
Primet Precision Materials, Inc. is an advanced materials company with innovative technologies capable of producing materials sized from micron to nano. The company’s focus is on lithium-ion battery materials for electric transportation where its technology can quickly transform this industry. Primet’s NanoScission® process can dramatically reduce manufacturing cost for batteries needed in the key segments of electric transportation, including e-bikes, hybrids and electric vehicles, helping to dramatically reduce the retail costs for these vehicles to put them in reach of mainstream consumers. To learn more about Primet, visit www.primetprecision.com.

Society of Automotive Engineers (SAE)
2012 Powertrain Electric Motors Symposium
Detroit, MI
23-Apr 2012

Good morning. My name is Larry Thomas from Primet Precision Materials.

It’s a real pleasure to be here with you today to talk about rare Earth’s and roast beef and to give you my perspectives on why process technology matters.

First let me introduce you to my firm. Primet is a small company located in Ithaca New York. We’re focused on developing process technology making highly engineered particles. For the last three years, we’ve been focused exclusively on electrode materials for lithium-ion batteries.

I want to say upfront, I’m not an expert in rare earths, and most of what I know about them, I learned in a 30 minute conversation with Jack. But I’m going to try to tie together the perspectives from the other talks this morning, and talk about a common problem that underlies all of the issues that were discussed for rare earths and battery materials, and it’s not something that usually gets discussed at sessions like this.

Let me start by showing you pictures of two cars. On the left in this slide, you see a Cadillac Escalade with the platinum trim level. And on the right is an entry-level subcompact from the opposite end of the General Motors line, a Chevy Aveo.

Now let me ask you, when you look at these cars, what numbers would you use to describe them? Rare Earths and Roast Beef: Why process technology matters SAE Symposium April 2012 Larry Thomas President & CEO

If you’re looking at this as a consumer, you’re likely to use numbers like MSRP or miles per gallon.

If you’re looking at them as an automotive engineer, you might use numbers like horsepower or curb weight.

Me, I’ve spent my whole career in the chemical industry. And so I describe these vehicles using the same numbers that people from the chemical industry use to describe every transaction between us and our customers. We do business in dollars per pound. And when you look at these cars that way, you see that the Cadillac Escalade costs $15 a pound, while the Chevy costs about five.

This doesn’t make sense to me. Both cars are made from the same raw materials — steel, aluminum, plastics, glass – in about the same proportion. So why should one costs as much as filet mignon while the other one costs about the same as lean ground beef?

Come to think of it, why is there such a big difference between the price of filet mignon and ground beef? After all, they both come from the same cow.

Well, let’s take a look at the cow. We see that the tenderloin is a relatively small part of the cow. There’s a lot more of it that’s chuck then there is that’s tenderloin.

So, the engineer in me looks at the weight percent of the cow that’s chuck and compares it to the weight percent of the cow that’s tenderloin. And with that I can draw a correlation between the price of chuck and the price that I’d expect to pay for tenderloin. And so for the purposes of this talk, I’m going to do that calculation and call this the “scarcity price” of tenderloin as compared to chuck.

So you’re probably wondering how that relates to mining rare earths. To explain that, let me do a thought experiment.

Let’s look at the simplest mining operation there is. I can go down to a building supply yard and buy sand for seven dollars a ton. Let’s assume that nobody in the sand industry ever makes any money, and so the cost of shoveling sand into a truck is seven dollars per ton. That’s the simplest and cheapest mining operation on the planet.

Rare earths are a bit more complex that that. But let’s keep it simple.

Jack tells me that a typical deposit of rare earths has about two weight percent rare earths. For the purposes of this thought experiment I’m going to assume that the rest of this is sand. And once again I’m going to assume that all I have to do is stick a shovel in the ground, pour the contents of that shovel into a truck, and the constituents of that truck will magically separate themselves into a big pile of sand and a bunch of little piles of the valuable minerals.

If the cost of putting that shovel in the ground and pouring its contents into the truck is seven dollars a ton, then I should be able to calculate a scarcity price for each of the rare Earth constituents, just like I did for the constituent parts of the cow.

And so applying my formula, I see that there’s about 100x as much sand as there is cerium, so I can calculate a scarcity price for cerium that’s about 100x the price of the sand. Then I continue on down for each constituent based on its percentage of the sand, and so on down to the smallest ones in the mixture.

When I do this, we see a series of scarcity prices that follows a log curve. That shouldn’t surprise anyone. The materials with the lowest concentrations in the ore body have the highest scarcity price.

But when I compare these scarcity prices to the market price for these minerals, I find that the market price doesn’t track with the scarcity price. Yes, they both follow logarithmic curves, but you can see the magnitude of the numbers of the market price is significantly higher than what we would predict by looking at the scarcity price.

The difference between the two is what I’m going to call a processing premium. And this is clearly an oversimplification but it’s a thought experiment so I hope you’ll allow me that. This processing premium, I’m going to throw in all of the costs beyond the cost of sticking a shovel in the ground. So that’s going to cover the capital and operating costs of my separation operation as well as the costs of preparing, permitting, and remediating the site after the mining takes place.

So let’s take a look at these numbers, and ask ourselves if it makes sense.

As I said, I’m not an expert in this field, but we know that the industry uses an iterative process to isolate and purify the various rare earths in the mix. James Gadolin used fractional crystallization when he first explored the Lanthanide series in the 18th Century. About 100 years ago the industry moved on to solvent exchange and extraction. And that’s basically the same process that’s still used today.

It takes about 30 solvent extractions to isolate the lighter rare earths, and another 50 extractions to get to the heaviest elements. And so, as a chemical engineer, I’m not surprised to see this kind of a log curve in the price premium as we go through progressively finer separations of progressively lower and lower concentration species.

I also know this isn’t the kind of plant I’d want to own or operate, because it looks like it’s going to be a very tedious operation that takes a lot of capital, and consumes a lot of energy.

But let me ask you: We’ve heard a lot of talk about the cost and availability of rare earths. As a room full of engineers, if you were trying to solve the problem of the cost and availability of rare Earth’s where would you focus your efforts to have the greatest leverage on reducing the price of this very rare roast beef?

Would you focus your attention on the cost of the ore itself? Clearly there is a multiplier effect associated with that, but it’s still a relatively small contribution to the overall cost. Focusing on this is the equivalent on trying to reduce the price of tenderloin by trying to find cheaper cows.

Or, you could focus your attention on trying to find ore bodies that have a higher percentage of the desirable minerals. That’s the equivalent of trying to find cows with bigger tenderloins.

I think any engineer looking at this chart would do their sensitivity analysis and say that the greatest leverage would come from focusing their attention on the processing cost to extract the valuable minerals from the ore body.

But if you listen to the politicians, and the media, and even the people in the industry itself, you don’t hear that conversation. Instead, you hear fear and panic about Chinese control of the reserves and the production of rare earths.

Does that make any sense? Not if I look at this data from the USGS. China has a lot of the proven reserves in the world, but not all of them. If control of reserves was the most critical factor, then these two pie charts wouldn’t be so radically different.

So why the disconnect?

I’d like to try to answer that question for you by taking a turn through the other set of metals we’ve talked about today, the electrode materials for lithium-ion batteries.

So here’s the battery pack from a Chevy volt. It’s a 465-pound system that GM buys for about $700 per kilowatt hour. I do my chemical industry math, and I figure out that this pack costs $25 per pound. We’re far beyond the Cadillac Escalade or the filet mignon here. Now, we’re into the territory of Maserati’s and hand-rubbed Kobe beef.

And so like good engineers when we’re tasked with reducing the cost of the system, we do our Pareto analysis and find that the largest line item in the bill of materials for the battery pack is the cathode powder – between 15 and 20% of the cost of the fully assembled system.

When we look at the cost of any chemical product, we know that the largest part of its cost is the cost of the raw materials that go into it. Typically in chemicals, your raw materials are about 50% of the cost of the finished product.

So the lithium-ion battery industry has been on a 20-year journey to replace the expensive and volatile cobalt in its cathodes with lower-cost ores, things like nickel, aluminum, manganese and iron. What could be cheaper than iron?

And we’ve been successful. Just ten years ago, almost every lithium ion battery in the world had a cobalt-based cathode. Today, lithium batteries use a variety of cathode materials – a veritable alphabet soup of transition metals in various combinations.

But a strange thing has happened. Even though we’ve been successful at replacing expensive cobalt with less expensive ores, the price of cathode materials hasn’t come down. In fact, in many cases, the price of the next generation cathode materials based on these cheaper ores is actually higher than the “expensive” cobalt that they’ve replaced.

Why is that? The base ores are cheaper, that’s for sure. But in order to make these cheap ores into good battery materials, the electrochemists have had to design more and more complex crystals and structures to get those materials to perform.

And that means that those cheap ores have to go through a whole series of transformations that are progressively more exacting to make these very demanding crystal structures.

Sound familiar?

And so for every decrease in raw material cost, we’ve seen an offsetting increase in processing cost.

How did that happen? From my perspective, it’s because the lithium battery industry is dominated by chemists. And when you ask a chemist to solve a problem of cost or performance, they’re going to give you a new molecule. It’s what they know how to do.

It’s just like when you ask the beef industry to solve the problem of the cost of tenderloin, they’re going to solve it by doing what they know how to do: finding cheaper cows with bigger tenderloins.

And in the case of rare earths, you’re depending on mining industry to be your supplier of specialty chemicals. And when you go to the mining industry with a cost problem, they’re going to solve it by focusing on what they know how to do: find cheaper mining sites, and find ore bodies with better assay results. Cheaper cows, with bigger tenderloins.

And what’s missing in all of this, is a focus on the process technology to turn the basic materials into value added products that the industry needs.

This slide, apparently, hasn’t won me any friends at the Department of Energy. But when I put it together, I didn’t mean it as a criticism. I meant as a commentary on an inherent bias that permeates the battery industry.

We are an industry controlled by chemists. So we try to solve our problems with new molecules.

And that bias carries through, so when the Department of Energy decides where to allocate its research funding, you can see it’s heavily geared towards new molecules and almost completely ignores process technology.

That’s not a fault of the DOE. If you go to any battery conference you’ll hear endless conversations about molecules and electrochemical performance, and you’ll almost never hear a conversation about process.

And I think the same bias holds true for rare earths.

And so when we look at value-added materials, I hope you can see that it has very little to do with the source of the basic raw materials, and it has everything to do with the process technology needed to turn those basic materials into the value added products that our industry needs.

If control of reserves determined control of the value added products, then the countries with the largest deposits of lithium, cobalt, and manganese would also be the biggest manufacturers of value added materials for the lithium battery industry.

They’re not. These countries among them don’t make a single pound of electrode materials, and these countries among them don’t make a single commercial lithium ion battery. It’s the same as in rare earths, where the reserves are abundant around the world but the process technology to separate them from those reserves is resident and practiced only in China.

So my message to you is simple: Process technology matters, and it matters now.

If you leave the industries that support you to their own devices, they’ll focus on the issues they know how to solve, and in many cases, they’re going to make your problems worse.

The molecules you need are worthless until you can make them reproducibly in large volume at low cost. That means process technology, not the control of the basic ores, sets the price and the availability of the value-added material.

So it’s up to you. You need to demand from your suppliers, from your industry, from the government, and from the universities that support you with research, to focus their resources on innovations in process technology.

Because that is what is going to drive your long-term costs and availability, and ultimately, your success. And that’s what Primet Precision Materials is trying to address.

UPDATE: Click here to read Larry Thomas’s speech in its entirety, along with the slides from his presentation

For Immediate Release

March 20, 2012

PRIMET CEO LARRY THOMAS TO ADDRESS PRESTIGIOUS 2012 POWERTRAIN ELECTRIC MOTORS SYMPOSIUM
Detroit conference to focus on global innovations in electric vehicles

March 20, 2012 (Ithaca, NY) – Larry Thomas, Primet Precision Materials’ CEO, has been invited by the Society of Automobile Engineers (SAE) International to speak at the 2012 Powertrain Electric Motors Symposium (http://www.sae.org/events/emotorusa) in Detroit, MI on April 23, 2012. Held in conjunction with the SAE 2012 World Congress, the conference will provide a comprehensive overview on the latest global innovations in the vehicle powertrain electric traction motor industry, as well as give insight on this rapidly changing sector and its effects on the worldwide marketplace.

Mr. Thomas’ presentation will address raw material and manufacturing cost, and their impact on lower cost automotive battery cells/packs. The evolution of these products could have profound effects on the automotive industry in relation to electric vehicles (EV’s). Primet’s invitation was based on the company’s unique contributions there.

Primet’s patented NanoScission® process technology can dramatically lower electrode material costs while supporting industrially scalable manufacturing required to make large quantities of materials needed by the EV industry, previously an industry wide deterrent for mass production.

The program will also address market growth projections, requirements and cost structures for three varieties of electric traction motors: permanent magnet motors, induction motors and switch reluctance motors. This year’s symposium will feature expanded coverage of rare earth metals, and for the first time, presentations on testing and simulations.

SAE International (www.sae.org) is a global association of more than 134,000 engineers and related technical experts in the aerospace, automotive and commercial vehicle industries.

About Primet Precision Technologies:
Primet Precision Materials, Inc. is an advanced materials company with innovative technologies capable of producing materials sized from micron to nano. The company’s focus is on lithium-ion battery materials for electric transportation where its technology can quickly transform this industry. Primet’s NanoScission® process can dramatically reduce manufacturing cost for batteries needed in the key segments of electric transportation, including e-bikes, hybrids and electric vehicles, helping to dramatically reduce the retail costs for these vehicles to put them in reach of mainstream consumers. To learn more about Primet, visit www.primetprecision.com.

PRIMET PRECISION MATERIALS JOINS INSCX EXCHANGE
FEBRUARY 9, 2012

Ithaca, NY: Primet Precision Materials announces it has joined the INSCX™ Exchange (www.inscx.com) and Comdaq Exchange (www.comdaq.com) as a Principal Approved Supplier of engineered nanomaterials (NMs).

Primet will be listing engineered NMs that are manufactured with Primet’s patented low-cost NanoScission® process technology.

Primet CEO Larry Thomas notes “Primet has developed a low-cost process technology for manufacturing nanomaterials in volumes that will address the urgent need by current and emerging market applications. Growth in several application areas is now severely limited by their nanomaterial suppliers’ inability to meet the demand. Primet is well-positioned to address that need”. Mr. Thomas believes INSCX has created a mechanism that resolves the issues that have prevented widespread use of nanomaterials to transform industries.

Integrated Nano-Science and Commodity Exchange (INSCX™) CEO Charles McGovern is pleased to welcome Primet and believes that, with the acceptance of Primet’s NanoScission® methodology, we have “crossed a major stumbling block to industrial-scale process in NMs.”

Primet is working with INSCX™ in developing product specifications in order to list materials for trade on the exchange.

Primet Precision Materials is a process technology company based in Ithaca, NY and is applying its patented NanoScission® process for production of advanced nanomaterials at low-cost on an industrial-scale. For additional information, visit www.primetprecision.com.