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Peak Nanosystems LLC, through its subsidiary PolymerPlus LLC, is partnering with Case Western Reserve University and the US Army Research Laboratory to develop new manufacturing approaches for high-performance lightweight polymeric materials. The Army awarded $5.4 million (potential up to $11 million) to Case Western, with a portion subcontracted to PolymerPlus.
Peak Nanosystems, parent of Peak Nano Optics and Peak Nano Films, acquired Cleveland-based polymer technology developer PolymerPlus. The acquisition was funded by a $25 million investment from Squadron Capital.