Venture Incubator to Share Profit Opportunity in Breakthrough Technology; UniStates Invites Business Plans from Around the World

14 June 2000

Venture Incubator to Share Profit Opportunity in Breakthrough Technology; UniStates Invites Business Plans from Around the World

    MEDFORD, Mass. - UniStates Technology Corporation has created a unique opportunity for businesses and individuals to profit from a breakthrough technology. UniStates announced today that they are expanding their collaboration on Reflexive Materials Technology to include the development of business ventures through the RMT Venture Incubator. RMT makes lightweight materials for use in everything from consumer products to cars, planes, buildings, machinery, biomedical devices, and defense systems.

    Businesses and individuals are invited to submit plans to join UniStates to develop products using RMT, leading to formation of ventures to make and sell these products commercially. "We are opening the doors to smaller and mid-sized companies and others that normally do not have a chance to participate in the commercialization of breakthroughs in basic science and technology," said Charles R. Owens, Chairman of UniStates and inventor of RMT. He added, "The goal is to offer talented people a chance to participate in the growth of RMT and be a part of its success."

    Companies submitting attractive proposals will be invited to enter into joint development agreements to fund a development project at Tufts University's Medford laboratories under the direction of UniStates and Charalabos C. Doumanidis, associate professor of mechanical engineering. Dr. Doumanidis said, "Our engineering faculty and students will work with Incubator participants to engineer the RMT products they propose to make and sell and to develop manufacturing systems and facilities for commercial scale production of these products."

    Owens said: "We are particularly interested in considering proposals for commercialization of RMT products from businesses looking for ways to achieve the ideal balance of strength, weight, size, and cost in new and existing products." Anyone can submit a business plan to join the RMT Venture Incubator.

    RMT is recognized as among the most significant recent developments in materials science and engineering. "It can be used on just about any material, product, and structure to benefit the automotive, aerospace, electronics, biomedical, construction, and other industries," said Dr. Doumanidis. UniStates and Tufts are collaborating to apply RMT to make lightweight materials used in everything from cars and planes to computers and biomedical devices.

    Engineering materials with RMT not only makes products stronger and lighter, but it can lead to materials cost savings because it requires at least 5% less and easily 30% less material to make a product and less material to make it perform better. It also permits the substitution of less expensive materials in numerous applications and, because it induces balanced stress fatigue, it should make load-bearing products perform longer, which means fewer parts replacements.

    UniStates Technology Corporation is a 13 year-old materials design firm with the exclusive right to commercialize Reflexive Materials Technology (RMT).