Nanometer Storage Completed Merger With Nanometer Storage Corp. (!?)

Nanometer Storage has successfully completed a merger with the private Nanometer Storage Corporation (Delaware) and will remain the controlling entity.

Nanometer Storage is also announcing the hiring of Mr. Ove Dunder as its Senior Vice-President of Engineering and Research who will manage the company’s product development.

Mr. Dunder, 60, a mechanical engineer, is a multiple patent holder and comes to Nanometer Storage having directed the successful development of technology solutions for other venture backed organizations.

Mr. Dunder’s outstanding track record of delivering technology solutions for emerging businesses provides Nanometer Storage with the experienced leadership required for its commercialization plans. Mr. Dunder will be a key leader in further enhancing product development excellence.

Comments

Nanometer Storage completed merger with Nanometer Storage Corp. Do you understand an information like that? We don't.

That's the first time we heard about this company. Looking at its Web site, its headquarter is located in two different cities depending on the pages you read: Toronto, Canada, and San Jose, CA. And this press release cites a third one Delaware...

To be more precise, the firm writes:” No product information to this date.”

It’s strange because Nanometer Storage is not private like regular start-ups. It’s a public research and development stage company that is already traded in the United States under the symbol NNOM.

Apparently, this firm was formerly Istron Technologies, Inc., once more in Toronto, ONT, and supposed to work on dynamic microcontroller-based RF fire security. Where is the relation with storage?

On the Web site, you can also read that: "Nanometer Storage Corporation was established to develop new nanotechnology data storage products that could revolutionize the data storage hardware industry." It’s not the first time that a new company claims to revolutionize the storage industry. Here by “developing 3.5-inch form factor nanometer scale data storage products to capitalize on the exponential global growth in data storage capacity demands (…) that compete directly with hard drives, optical storage and flash memory."

So, we can speculate that it is using some kind of MEMS, the only nanotechnology in relation with storage up to now.
Its president is Robert Bryan. Never heard about him. And concerning Ove Dunder, new senior VP of engineering and research, we don’t see any more trace of this name in the storage industry.