XetaComp receives second ONAP award

The Edmond Sun

EDMOND May 08, 2008 11:41 am

— A two-year $344,800 grant has been awarded to XetaComp Nanotechnology LLC, a wholly owned subsidiary of NanoBioMagnetics Inc. through the Oklahoma Nanotechnology Applications Program. The program is administered by the Oklahoma Center for the Advancement of Science and Technology.
The grant was one of the two largest among $1.25 million in state funds awarded to eight Oklahoma companies active in nanotechnology. XetaComp also had been awarded a $250,000 grant in the first Oklahoma Nanotechnology Applications Project awards last year.
XetaComp, with offices and manufacturing facilities in Lawton, was established by NBMI in 2006 to develop and market a range of functionalized nanomaterials. The company’s initial commercial target is a broad-spectrum UVA/UVB physical sunscreen on which a line of dermal care products are based and are now being introduced under the sunVex trademark as cancer prevention tools.
NanoBioMagnetics Inc., with offices and research facilities in Edmond, is a nanobiomaterials development company pioneering an emerging area of nanomedicine referred to as Organ-Assisting-Device technologies. As these healthcare technologies are developed and validated, NBMI’s business model calls for them to be spun off as separate business units for manufacture and commercialization, and XetaComp was organized as the first of these spinoffs.