- Dr. E. Clayton Teague, Director, National Nanotechnology Coordination Office (NNCO)
- Travis Earles, Assistant Director, Nanotechnology, Office of Science and Technology Policy (OSTP)
- Dr. Mihail Roco, National Science Foundation (NSF)
- George Thompson, PhD, Government Programs Manager, Intel

I encourage you to view the webcast http://www.tvworldwide.com/events/nanotech/100713/ of the event. After lunch we broke into 4 groups working on each of the following NNI Goals:

Goal 1 – Advance a world-class nanotechnology research and development program
Discussion leader: Norman Scott, Cornell University
Presentations:
- George Adams, Network for Computational Nanotechnology
- Vinothan Manoharan, Harvard University
Questions to be discussed (tentative):
- Where should the NNI research be distributed on Pasteur’s Quadrant? (i.e., what is the appropriate mix of basic and applied research)?

Goal 2 – Foster the transfer of new technologies into products for commercial and public benefit
Discussion leader: John Cowie, American Forestry and Paper Association
Presentations:
- Shaun Clancy, Evonik
- Sean Murdock, NanoSonix
- John Randall, Zyvex
Questions to be discussed (tentative):
- Are there new forms of public/private partnerships that you could recommend to improve commercialization?

Goal 3 – Develop and sustain educational resources, a skilled workforce and the supporting infrastructure and tools to advance nanotechnology
Discussion leader: James Murday, University of Southern California
Presentations:
- Vincent Caprio, NanoBusiness Alliance
- Charles Gause, Luna Innovations
- Kristen Kulinowski, Rice University
- Stephen Fonash, Pennsylvania State University
Questions to be discussed (tentative):
- How should the NNI infrastructure be adapted to respond to future needs?

Goal 4 – Support responsible development of nanotechnology
Discussion leader: Richard Canady, International Life Science Institute/Research Foundation
Presentations:
- Alison Elder, University of Rochester
- Amy Jones, Applied NanoStructured Solutions
- Pat Mooney, ETC
- Dietram Scheufele, University of Wisconsin
Questions to be discussed (tentative):
- How do we develop appropriate risk analysis to ensure maximum benefit for society?
- How do we engage stakeholders in both anticipatory and participatory governance (in the context of the NNI) regarding the future of nanotechnology?

Overarching questions for all breakout groups:
- With respect to this goal, what has the NNI done right and what should it continue doing?
- With respect to this goal, where has the NNI headed down the wrong path?
- What can the NNI do in the future to address this goal?

After an hour of public comment, we had a networking reception with over 100 leaders of the Nanotechnology Community.

Day two, July 14th, opened with 3 Keynote Speakers:

- Congressman, Daniel Lipinski http://www.lipinski.house.gov/. Congressman Lipinski earned a Bachelor’s Degree in Mechanical Engineering from Northwestern University, a Master’s Degree in Engineering-Economic Systems from Stanford University, and a PhD in Political Science from Duke University. The Congressman is a big supporter of nanotechnology.
- Paul Alivisatos, PhD, Director, Lawrence Berkeley National Laboratory, University of California, Berkeley
- James R. Heath, PhD, Professor of Chemistry, California Institute of Technology

Then, we went back to our groups to reprise discussion of goals from day 1 breakout groups as well as discussions on implementation of goals and objectives.

Additional news announced from the NNI Event was the launch of the National Nanotechnology Initiative Strategy Portal.

This portal http://strategy.nano.gov/ is designed to enable you to provide input and feedback on the National Nanotechnology Initiative and its Strategic Plan. The NNI is the $1.76 billion dollar multi-agency Federal research and development initiative focused since 2001 on nanotechnology innovation. In December 2010, NNI will publish a new strategic plan, outlining priorities and objectives for the next 5-10 years. The goals of the plan are:
Goal 1: Advance a world-class nanotechnology research and development program.
Goal 2: Foster the transfer of new technologies into products for commercial and public benefit.
Goal 3: Develop and sustain educational resources, a skilled workforce, and the supporting infrastructure and tools to advance nanotechnology.
Goal 4: Support responsible development of nanotechnology.

In order to develop a well-informed and effective plan, we need your input whether you are a policymaker, scientist, student or an entrepreneur. This portal enables you to respond to and discuss specific NNI questions covering themes such as research priorities, investment, coordination, partnerships, evaluation, and policy. Please sign in or register for a new account. http://strategy.nano.gov/registration

I enjoyed my discussions in Washington reviewing the last 10 years of the NNI and US strategic planning for the next 10 years.

Regards,

Vincent Caprio “Serving the Nanotechnology Community for Over a Decade”
www.vincentcaprio.org
Executive Director
NanoBusiness Alliance
203-733-1949
vincentcaprio@nynanobusiness.org

Twenty-five students from Illinois, North Carolina and Colorado participated in hands-on laboratory experiments, demonstrations and lectures by CNM scientists. Nathan P. Guisinger, PhD, taught students about the fundamental instruments of nanotechnology, including scanning tunneling microscopy and atomic force microscopy. Elena Shevchenko, PhD, demonstrated self assembly, and Elena Rozhkova, PhD, lectured on protein synthesis.

Students conducted experiments such as synthesizing gold nanoparticles with Galyna Krylova, PhD. Gold nanoparticles could ultimately be used in novel cancer therapies and diagnostics. Daniel Lopez, PhD, discussed MEMS/NEMS while Dave Czaplewski, PhD, gave the students a tour of the clean room.

The NanoBusiness Talent Program is a nonprofit dedicated to connecting high school students with leading nanotechnology innovators by arranging educational opportunities and internships. Funded through a grant by the Department of Energy, the NanoBusiness Talent Program’s mission supports President Obama’s push to make U.S. students more competitive globally in science, technology, engineering and math.

“The students at the camp had a unique opportunity to learn about nanotechnology directly from the leading scientific staff at the Center for Nanoscale Materials,” says NanoBusiness Talent Program Director Lesley Hamming, PhD. “Not only did the scientists generously share their knowledge with the students, the passion they exuded for their work was infectious. The teenagers benefited immensely from gaining exposure to technology and training not otherwise available to students until college or graduate school.”

“The experience I had at the Argonne camp is unparalleled,” says participant Amishi Bajaj, 16, of Oakbrook, IL. “I was able to achieve a greater understanding of the implementation of nanotechnology in the lab with such processes as e-beam lithography and atomic force microscopy as well as in the real world with lectures presented by pioneers of their respective fields.”

Argonne National Laboratory seeks solutions to pressing national problems in science and technology. The nation’s first national laboratory, Argonne conducts leading-edge basic and applied scientific research in virtually every scientific discipline. Argonne researchers work closely with researchers from hundreds of companies, universities, and federal, state and municipal agencies to help them solve their specific problems, advance America’s scientific leadership and prepare the nation for a better future. With employees from more than 60 nations, Argonne is managed by UChicago Argonne, LLC for the U.S. Department of Energy’s Office of Science.

I would like to commend Lesley Hamming, PhD for her enthusiasm and passion in leading the NanoBusiness Talent Program for the past three years. We look forward to Lesley’s vision for further growth in 2011.

NANO NEWS

I will be in DC for the NNI Strategic Planning Stakeholder Workshop, July 13-14, 2010
http://www.nano.gov/html/meetings/NNISPWorkshop/index.html

Researchers use nanoparticles to shrink tumors in mice
http://www.biosciencetechnology.com/News/Feeds/2010/07/disease-research-researchers-use-nanoparticles-to-shrink-tumors-in-/

Findings hold important implications for cancer therapy
http://7thspace.com/headlines/350317/findings_hold_important_implications_for_cancer_therapy.html

Regards,

Vincent Caprio “Serving the Nanotechnology Community for Over a Decade”
www.vincentcaprio.org
Executive Director
NanoBusiness Alliance
203-733-1949
vincentcaprio@nynanobusiness.org

The NanoBusiness Alliance is committed to being the leader in the sustainable development of nanomaterials around the world. We are committed to working with governments and nanomaterials stakeholders to manage the sustainable development and use of nanomaterials in a responsible way.

The NanoBusiness Alliance has long advocated on a wide variety of business issues pertinent to the development and commercialization of nanomaterials and nano-enabled products, including securing funding for nano enterprises, the elimination of trade barriers, and encouraging and supporting nano innovations and their successful transition from research into sustainable commercial enterprises that create jobs and revitalize the U.S. economy. Recognizing that successfully managing EHS issues is an essential component of the commercialization of nano innovations, the NanoBusiness Alliance has redoubled its commitment to and its focus on these EHS issues. The NanoBusiness Alliance has consistently supported its members’ commitment to EHS excellence and our Position Statement embodies this long-standing commitment. The NanoBusiness Alliance will continue its leadership in this essential area.

Position Statement on Nanomaterial Product Sustainability

As an enabling technology applicable to diverse fields, including alternative energy, medicine, and electronics, among many others, nanotechnology offers tremendous value to society. As with any emerging technology, nanotechnology and nanoscale materials must be managed in a responsible way to identify and minimize any potential adverse effect on human health or the environment. The Alliance is committed to fostering the responsible and sustainable development of nanotechnology, to working with governmental and related nanotechnology stakeholders to develop appropriate scientific testing tools, methodologies, and data to characterize nanoscale materials, and to developing informed, science-based governance policies, laws, standards, practices, and regulations pertinent to nanoscale materials.

I www.vincentcaprio.org would like to thank the members of the EHS Committee for their contributions to the creation of the position statement:
- Lynn Bergeson, Partner, Bergeson & Campbell
- Jim Hussey, CEO, NanoInk
- Skip Rung, President & Executive Director, ONAMI
- Phil Lippel, Consultant
- Cynthia Kuper, President, Versilant Nanotechnologies

Regards,

Vincent Caprio “Serving the Nanotechnology Community for Over a Decade”
www.vincentcaprio.org
Executive Director
NanoBusiness Alliance
203-733-1949
vincentcaprio@nynanobusiness.org

NANO NEWS

Excellent article on America’s greatest living Scientist and NanoBusiness Alliance friend, Dean Kamen
Mr Segway’s difficult path
http://www.economist.com/node/16295592?story_id=16295592

From Scott Livingston of Livingston Securities www.livingstonsecurities.com
Tesla Motors prices 13.3 million shares at $17 per share, closes first day of trading at $23.89
http://www.sec.gov/Archives/edgar/data/1318605/000095013010002906/ds1a.htm

OCAST names five nanotechnology application award winners
http://okc.biz/article/06-29-2010/OCAST_names_five_nanotechnology_application_award_winners.aspx

GE Using Nanotechnology to Green the Alberta Oil Sands
http://www.marketwatch.com/story/ge-using-nanotechnology-to-green-the-alberta-oil-sands-2010-06-30

Dr. Analoui’s presentation covers key R&D and product developments around use of nanotechnology in drug discovery, diagnostics and medical devices. He will also offer a snapshot of historical trends in investment, M&A and exits in this area, as well as what is shaping capital markets, especially in light of recent turmoil in the financial markets.

Dr. Analoui will also offer an outlook of regulatory environment, role of major pharmaceutical, diagnostic and medical device players in future R&D, venture investments and M&A deals.

Please confirm your participation with Zach Schultz zachary@livingstonsecurities.com. Additional information for Virtual Reality platform and instructions for webinar will be sent to confirmed participants.

I have known Dr. Analoui for over 9 years and I find his insights and observations in regard to nano medicine to be valuable. I would like to share with you his bio.

Mostafa Analoui, Ph.D., is Head of Healthcare and Life Sciences at The Livingston Group (New York, NY) and Chairman and CEO of Cense Biosciences, Inc. Previously he was the Senior Director at Pfizer Global Research and Development. He is also adjunct Professor of Oral Pathology, Medicine and Radiology at Indiana University. Dr. Analoui is actively involved in investment, management and scientific/business development of nanotechnology, drug discovery/development, diagnostic imaging, and global strategies.

While at Pfizer, he was the Site Head for Global Clinical Technology in Groton and New London, a division focusing on emerging technologies for development and validation of biomarkers and diagnostics for drug development. Prior to joining Pfizer, Dr. Analoui was the Director of Oral and Maxillofacial Imaging Research, Associate Professor of Radiology at Indiana University, and Associate Professor of Biomedical Engineering and Electrical & Comp Engineering at Purdue University. He was also President and CEO of Therametric Technology Inc. He has received his Ph.D. from Purdue University, followed by Post-Doctoral Fellowship at IBM TJ Watson Research Center in NY.

In addition to industry leadership in biomedical and technology fields, he consults and lectures in US, Europe and Asia. He has also served on various scientific, regulatory, and business advisory committees and boards, including NIH, NSF, PhRMA, NASA, and OECD. Dr. Analoui has authored over 130 publications, including journal articles, book chapters and technical reports. He is senior member of IEEE, SPIE, and RSNA.

He currently serves as board member of VirtualScopics (Nasdaq: VSCP), Calando Pharmaceutical (Nasdaq: ARWR), BEACON (Biomedical Engineering Alliance and Consortium) and Advisory Board for the NanoBusiness Alliance.

NANO NEWS

Security Tops the Environment in China’s Energy Plan
http://www.nytimes.com/2010/06/18/business/global/18yuan.html?scp=1&sq=security%20tops%20the%20environment%20in%20China%22s%20energy%20plan&st=cse

Instant Fame For Professor: Just Add Oil
http://www.foxbusiness.com/story/markets/commodities/instant-fame-professor-just-add-oil/

Nanotechnology opportunities exist despite recession
http://www.nanotech-now.com/news.cgi?story_id=38740

We look forward to having you participate in this exciting event.

Regards,

Vincent Caprio “Serving the Nanotechnology Community for Over a Decade”
www.vincentcaprio.org
Executive Director
NanoBusiness Alliance
203-733-1949
vincentcaprio@nynanobusiness.org

Greetings to all of you in the Nano Community,

I hope you have the time to participate in this fantastic event. Here are some of the details to date.

I. Partners
There are now over 450 major organizations participating with almost 1000 activities/programs including:

100 Professional Science & Engineering Societies including the National Academy of Engineering, National Academy of Sciences, AAAS, American Physical Society, American Chemical Society, IEEE, American Woman in Sciences, Society of Hispanic Engineers, National Society of Black Engineers …

100 Universities/Colleges/Research Institutes including Harvard, MIT, Princeton, Georgetown, University of California San Diego, University of California, Berkeley, Johns Hopkins, U.S. Naval Academy, Duke, University of Maryland, J. Craig Venter Research Institute, Carnegie Institute of Sciences …

50 Government Agencies and Federal Laboratories including NIH, NSF, EPA, USDA, FDA, NASA, NDEP, Office of Naval Research, Department of Energy, Air Force Office of Scientific Research, Lawrence Berkeley Laboratory, Fermi Accelerator Facility, ….

25 High Technology and Life Science Companies including Lockheed Martin, Life Technologies, Northrop Grumman, Intel, CISCO, Scientific American, Research in Motion, SpaceX, Hitachi, ….

75 Informal Science Outreach Organization including the Smithsonian, American Museum of Natural History, US Botanic Gardens, Koshland Museum ….

75 Community Organizations including FIRST, Girls Inc., Science Buddies, 4-H, Girls Scouts …

20 Nobel Laureates

You can see the growing list at:
http://www.usasciencefestival.org/about/partners

II. Sponsorship

We have raised approximately $1.75M from about 40 corporate, government and individual sponsors in just 8 months. This is still short of our goal of $2M, but we are on our way. If there is any way you can help, we appreciate introductions!

The USASEF is hosted by Lockheed Martin and sponsors include Life Technologies Foundation, K&L Gates, Clean Technology and Sustainability Industries Organization (CTSI), Larry and Diane Bock, ResMed Foundation, Farrell Family Foundation, Alexandria Real Estate Equities, Northrop Grumman Corporation, Agilent Technologies, Amgen, Celgene Corporation, Cisco, The Dow Chemical Company, National Institutes of Health, Illumina, The Kavli Foundation, Intel Corporation, You Can Do the Rubik’s Cube, Vertex Pharmaceuticals Inc., Genentech Inc., MedImmune, Sandia National Laboratories, Project Lead The Way (PLTW), Baxter International, Celestron, University of Maryland, NuVasive Inc., FEI Company, Case Western Reserve University, Biogen Idec Foundation, LifeStraw®, Microsoft Corporation, Draper Laboratory, Silicon Valley Bank, Bechtel Corporation, SpaceX, the National Radio Astronomy Observatory, Research in Motion, Thirty Meter Telescope Project, Virginia Commonwealth University and the Astronomy Outreach Foundation.

III. Media Partners

We have secured over $2M in Media Sponsors which means free advertising on TV, radio, web, print and social media marketing of the Festival. If you have any media contacts, and can make an introduction, that would be great.

Current media partners include Discovery Communications, Popular Science and Science Illustrated, New Scientist, EE Times Group, SCIENTIFIC AMERICAN, POPULAR MECHANICS, ScienceBlogs, Technology Review published by the Massachusetts Institute of Technology, The Epoch Times, “WAMU 88.5 – American University Radio,” C&EN, the newsmagazine of the chemical & related sciences, Forbes Wolfe Emerging Tech Report, PBS, Career Communications Group, Engineering.com, the Northern Virginia Technology Council, CrazyEngineers.com, FAMILY Magazine, American Scientist, SciVee, Inc. and SchoolTube, LLC.

In addition we have Media Deals with WJLA (Washington, D.C. affiliate), WTOP, EL SOL (CBS Radio Spanish station) and the Washington Post.

IV. Venue

Our finale event has grown so much that we will currently occupy the following major venues: the National Mall from 1st-7th Street, Mellon Auditorium, Wilson Plaza, Freedom Plaza, Pennsylvania Avenue (from 12th-14th Streets) and 4th Street (between Jefferson and Madison).

In addition, our three weeks of Festival Programs will take place in over 100 separate venues throughout the Greater Washington, D.C. area.

We received a lot of help from the Washington Board of Trade, K&L Gates, OSTP and the D.C. Office of Technology and African American Relations in securing the amazing street closures above.

VI. School Programs

50 leading scientists and 20 Nobel Laureates will do programs in schools throughout the Greater D.C. Area in the month leading up to the Expo.

We have recruited some incredible speakers from leading researchers like NIH Director Francis Collins, AIDS researcher

Anthony Fauci, Astronaut Donald Thomas, Physics of Super Heroes expert James Kakalios, Science of NASCAR Expert Diandra Leslie-Pelecky, and many many more.

See them all at:
http://www.usasciencefestival.org/2010festival/niftyfifty

Here are the participating Nobel Laureates:
http://www.usasciencefestival.org/2010festival/schoolprograms/lunchwithalaureate

V. Satellite Events

We have catalyzed the growth over over 30 Satellite Events that will occur throughout the United States on the same dates as our finale Expo including major events in Austin, TX, Raleigh/Durham, NC, Berkeley, CA, Clinton, NJ, Tucson, AZ and many more. Some of these will be huge events as well.

To see a United States Map of these events go to:
http://www.usasciencefestival.org/satellite-event-directory

VI. Contests

We have five major contest underway with lots of prize money that go to the participating STEEM organization. They include the:

1. Rubik’s Cube Tournament
2. Kavli Science Video Competition
3. Engineering.com Teacher Video Competition
4. Sustainable Dreamhouse Competition

Tell your kids, friends’ kids and kids’ teachers to enroll in some of these competitions!

We completed a Jingle Contest and had two great winners. Check out the winners at: http://www.usasciencefestival.org/2010festival/contests/jinglecontest

VI. Science Celebrities

There is a growing list of science celebrities scheduled to be at the Festival including the Mythbusters, Ira Flatow, David Pogue, Scott Sampson, Sid the Science Kid, Bill Nye the Science Guy, Erno Rubik, and many more

Best regards,

Larry Bock

Thank you Larry for all your hard work on this event. It is an honor to be involved. We look forward to seeing you this fall in Washington, DC.

Regards,

Vincent Caprio “Serving the Nanotechnology Community for Over a Decade”
www.vincentcaprio.org
Executive Director
NanoBusiness Alliance
203-733-1949
vincentcaprio@nynanobusiness.org

I wanted to thank so many of you who came out for our first regional WIA event in Dayton Ohio. The Dayton Water Conference http://www.daytonwaterconference.org/ saw 300 industry leaders come together to talk, debate and network around water innovation and technology, and also put a special emphasis on the Dayton Ohio region and its many assets and efforts in the water sector. We really couldn’t have asked for better hosts than the great people of Dayton, from the Dayton Development Coalition, Jim Leftwich, CEO and Maureen Patterson, Vice President.

I want to thank all our speakers, panelists, exhibitors and sponsors. Let me make a special note to thank Veolia Crown Solutions for their efforts in making the whole thing happen, as well as Sally Gutierrez from EPA, Peter Williams of IBM and Mark Shannon (more on him in a second) for their wonderful keynotes. All the presentations from our Dayton Water Conference are available online if you’d like to take a look: www.daytonwaterconference.org/presentations.php

Right before going to Ohio for the event, I had the chance to speak for an hour with Michael Shapiro the Deputy Administrator at EPA for water at his office in DC. We have had a fantastic working relationship with EPA since our launch a year and a half ago, particularly with Sally Gutierrez who runs their risk center in Cincinnati and Nora Savage from their DC office who has long been a friend on all things tech. Mike was great to talk to and provided a lot of insight into EPA’s more intense focus on entrepreneurial solutions to assist EPA in its mission. I can’t go into much that is in development at this time, but I can say that we are working with Sally right now on a CREDA between the WIA and EPA. There are discussions on how our members and the WIA team can better help the EPA on a number of fronts, particularly around new technologies and start-ups.

To note topics that are in this new issue to make you keep reading, we have a fantastic interview with Dr. Mark Shannon, additional information on our Chicago Water Innovations Summit, a tribute to Jacques Cousteau and the latest news for the water technology world.

Speaking of events, our Second Annual Water Innovations Summit will take place in Chicago on September 28-29, 2010 at McCormick Place. Our 2009 show was an incredible success and with the feedback we are getting, the 2010 event is going to be even better with the key stakeholders in water technology and water innovation in attendance.
2010 agenda topics include:
- Water-Energy Nexus

• After the Spill: How to fix the mess and prevent future disasters
• Cutting Energy Use In the Water Sector – Best Practices & Looking Ahead
• Tapping water for energy

- Water IT

• Water IT in action
• Making the Future Smart Water Grid

- Hottest Start-ups in Water Technology
- Infrastructure 2.0
- Developing Water Innovation Clusters
- Innovation In Managing Water Systems
- Advanced Filtration & Treatment Technologies – The Next Wave
- The Future of Desal
- Will America Accept Water Reuse?
- Where is the US Government Going on Water – Priorities, Funding & New Regulations?
- Water Investing: Financing, Venture Capital, Stocks and Beyond
- Special Panel: Water Technologies Transforming the Agriculture, Food and Beverage Sectors
- Special Panel: Water Needs In Times of Disaster
- Special Keynote: From Concept to Company, Developing a Successful Water Start-up

The site for the Chicago event will be up next week, but if you are interested in speaking, exhibiting or sponsoring, please contact Vincent Caprio vince@waterinnovations.org immediately as we only have a few spots left.

As to WIA membership, I want to note that to date we have had 100% renewal of our membership (thanks folks!) so we must be doing something right. We also have several new members that have come online that we will highlight in the next issue.

On another functional point, the Water Innovations Alliance and Water Innovations Foundation are no longer joined at the hip. More on that in the next issue, but be sure to check out the new Water Innovations Foundation website and workplace platform www.waterinnovationsfoundation.org that we recently launched with the incredible efforts of Tally Fox: www.tallyfox.com/. A special thanks to Trudi Schifter, TallyFox’s tireless CEO.

A little inside shop talk here at the Water Innovations Alliance. I have been dealing with a serious medical issue the past few months including a stint in the hospital a week ago. I appreciate all the well wishes and want to say thank you, and let you know I am back at the helm. I wanted to take a second to thank my partner and friend in all of this, Vincent Caprio www.vincentcaprio.org for his incredible efforts and exhaustive diligence handling things in my absence. He is truly a force of nature as any of you who have met him well know.

I should note that Vincent recently attended Corporate WaterVision 2010 http://www.infocastinc.com/downloads_pdf/corporatewater_agenda.pdf, a very informative water conference in DC. He enjoyed the Luncheon Keynote Address: Obama Administration Initiatives, presented by Peter S. Silva, Assistant Administrator for Water, US Environmental Protection Agency. Vincent also filled in for numerous speaking engagements the past few weeks in DC, Denver, New York and Massachusetts. What would the WIA be without him?

We are going to try and move the newsletter to twice a month and look for more efforts on the communication front flowing from Twitter and Facebook.

Take care,

F. Mark Modzelewski, Executive Director
Water Innovations Foundation
Cambridge, MA
——————–
JOIN US ON FACEBOOK AND TWITTER

FACEBOOK: http://www.facebook.com/group.php?gid=35564207257&ref=ts
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——————–
WATER INNOVATIONS INTERVIEW: DR. MARK SHANNON

The newsletter this month is blessed to have received some time on the schedule of the busiest man in water, Dr. Mark A. Shannon. Dr. Shannon has unmatched insight into the water sector as a whole. He is the Director of the NSF STC WaterCAMPWS, which is a multiple university and government laboratory center for advancing the science and engineering of materials and systems for revolutionary improvements in water purification for human use. He is also the Director of the Micro-Nano-Mechanical Systems (MNMS) Laboratory at the University of Illinois at Urbana-Champaign, and is the James W. Bayne Professor of Mechanical Engineering. Dr. Shannon received his B.S. (1989) M.S. (1991) and Ph.D. (1993) degrees in Mechanical Engineering from the University of California at Berkeley and numerous awards including the NSF Career Award, Xerox Award for Excellence in Research, an the BP Innovation in Education Award. He recently served as a keynote at the Water Innovation’s Alliance Dayton Water Conference.

WIA: Mark, thanks again for taking the time to give us some of your insights. 1. Lets start topical, without going into finger pointing or analysis of the “who” “what” “why” – how bad is this Gulf oil spill for our nations waterways?

MS: Probably the most significant damage is that which is unseen. The main publicity is about the oil reaching the beaches, and the oil and tar on the beaches and birds. But perhaps the most significant is the solubilization of the hydrocarbons being emitted into the water itself. Long chain hydrocarbons are difficult for sea life to digest, even at the bacterial level, and will alter the types of sea life from those that are not able to adapt to those that are, giving a significantly different ecology that is mostly foreign to what is healthy for our waterways, and for the seafood on which we rely. The use of dispersants to break up the oil, accelerate the process, creating large, almost untraceable plumes of hydrocarbons moving through the seas. But dispersants by their nature, with having both hydrophilic and hydrophobic groups, create huge numbers of small droplets of oil that wildlife consume, poisoning them. It will take a very long time for the ecology to recover from this problem. But perhaps the most potentially damaging to waterways and their outfalls in both the Gulf and potentially Atlantic regions is the result of injecting dispersants at the well head. The very high pressures of water and oil combined with the dispersants to create a new form of hydrated hydrocarbon plume that is unknown in nature, which is heavy and presumably toxic. Where this plume will move, and what damage it will do to life on and near the seafloor is something that needs to be better understood to know what potential harm it can have to the Gulf, Atlantic, and our waterways.

WIA: There was a lot of interest generated by Kevin Costner’s celebrity and the fact that new technologies are being explored for handling this epic disaster. What ones have you heard about being used, bought, etc? Any that you can think of that might be helpful?

MS: There are a lot of technologies that can separate oil from water, including those like Costner’s using membrane separation to ones using centripedal forces – presumably one could combine these to get even higher performance. Oil-water separators are used in almost all old oil wells to separate the water coming up from the oil. They work, and are efficient. Are they enough to deal with the huge amounts of oil and water from this spill? From the report on ABC News, BP is now trying 32 of Costner’s machines to clean 6 million gallons of water per day. A large number, but a drop in the ocean. We need far more machines, and perhaps one that can separate it at the well head as fast as it is coming out. That is a tall order. Even at the far too low initial value of 5,000 barrels of oil a day (210,000 gallons), once mixed with water at the surface you are talking about some 1,000 times that mixed with water (200 million gallons a day, needing 1,120 machines). At the more realistic 2 million gallons of oil coming out, we’d need 10,700 machines to make a dent. Clearly, more efficient separators are needed, and ones that can separate near the source and pull the oil up to the surface. Is it possible? Yes. Are there any other than Costner’s that I know of? No.

WIA: During your talk at the WIA water event in Dayton, you talked a bit about the water-energy nexus, from how much energy is used by our need to access water, as well as how much energy is inherently embedded in wastewater. Can you expand a bit on this and take us through this fascinating meeting of these vital sectors?

MS: This requires a detailed answer that is perhaps not best done in a short response. But at the risk of over simplifying, the embedded energy contained in wastewater includes all the energy first needed to provide the freshwater used, which includes its supply, transport, treatment, and distribution. This energy averages about 1 kWhr per cubic meter of water (264 gallons) across the U.S. The figure may be much higher or lower depending on location. The next big contribution is the energy needed to collect, treat, and discharge the wastewater and to dispose of any sludge. The energy spent to do so can also average about 1 kWhr per cubic meter, particularly when one factors in the chemical energy used to convert the organics within the wastewater to CO2 and H20, and the energy needed to denitrify the reactive nitrogen (urea and nitrates primarily to N2). The largest gain in recovering both the energy within the wastewater and producing energy from it as well as producing clean water from the effluent for reuse for non-potable purposes is that the over 1 kWhr of electric power can be recovered from the wastewater, and nearly 2 kWhr avoided for supplying the fresh water that does not now have to be supplied and the energy needed to treat and dispose of the waste. So the total energy “gained” is nearly 3 kWhr per cubic meter (11 Wh/gal). Considering that we treat over 7 trillion gallons of wastewater per day in municipalities alone, there is an embedded energy of some 75 trillion Whr of energy there.

WIA: Now you don’t come from the traditional industry background in the water field. Out of all you have been exposed to over the years, what has surprised you most – particularly in regards to technology and innovation?

MS: I think the biggest surprise has been the creation of new technologies out of nanoscale constructs; constructs that were not even thought of 10 years ago, such as carbon nanotube membranes, ones based on aquaporins, others based on nanophase aggregated polymers, and sensors based on manufactured catalytic DNA. These ideas were not even in the labs 10 years ago, and now we have start up companies for all of these moving towards actual products. The pace of innovation at the nanoscale has been dizzying, and that they are in the process of adoption is truly mind-blowing, particularly when all the experts said that these technologies could never be scaled up. We still are waiting on actual large scale production, but hopefully one or more will prove the naysayers wrong, at the benefit of everyone.

WIA: That leads us to reuse. What are you seeing develop in this field as far as new technologies and developments as well as adoption? Certainly, the U.S. is a laggard in this area, especially when compared to Switzerland, Singapore and others. What will change that?

MS: Europe and Asia have products in the marketplace (as well as some U.S. companies) in aerobic microfiltration membrane systems, combined with RO filtration for reuse. The early adopters will use these systems first, primarily for their small footprint and relatively high throughput. If the U.S. can leapfrog these technologies with high efficiency anaerobic bioreactors that produce useable energy as well as clean water, without an additional RO stage, we can catch up and create new markets in reuse, particularly for industries, apartment/condominium complexes and small developments. Distributed systems with added value will likely be the first adopters, which will realize relatively short term payback from avoided sewer connection charges and reduced water demand, with reduced energy bills an added plus.

WIA: What 3 or 4 technology developments in general are exciting you the most in the water field? Forward Osmosis? RNAi water treatment? What type of things should folks be looking out for?

MS: Perhaps I am a bit biased, as the work going on in the WaterCAMPWS is very exciting to me. But there are others that I am excited about. FO is an exciting technology for a couple of key applications. FO should be immediately competitive for concentrating wastewaters to relatively high organic content, while extracting clean water that will need only polishing afterwards to obtain high quality water. It will also find good use in brackish waters. FO may be competitive for desalination if the cost of the membrane and balance of plant can beat RO, and the presumably lower operating costs of FO bear fruit by using low quality thermal heat as the main mechanism for extracting the clean water and the potential for lower fouling also bears fruit, even considering the lower expected fluxes. FO can make a major play out of the gate if targeted well. R&D to reduce the cost of the membranes while increasing performance, such as work to incorporate aquaporins into membranes with thin supports might tip the scales.

While considering hybrid thermal processes, some new approaches to combined cycle energy generation and freshwater from the saltwater intake cooling of the thermal electric cycle might come on the scene that can produce both power and water at competitive rates. The real driver here will be that power plants that cannot be currently sited due to the lack of, or uncertain fresh water supply, can find a second lease on life. Solar thermal generators in desert areas can also be used. The production of fresh water in these areas should be highly valued as well. Some key materials and system R&D is still needed for these technologies to leave the lab.

On the detection side of the equation, robust, real time sensors are being developed using catalytic DNA and aptomers to detect heavy metals in sub-ppb levels, and potentially in the future viral particles. There are also emerging rapid PCR techniques for identifying huge numbers of biological pathogens in water. These systems might permit continuous sensing and readouts throughout a water system to ensure protection throughout. Continued R&D will produce effective units in the future. If low cost, they might open new markets such as personal sensors for individuals. But lots has to be done before those new markets emerge.

Several non-chemical disinfection techniques might gain traction. The RNAi therapeutic might find a lot of traction in the developing world, if it can be brought down in cost and has proven efficacy. Lots more research is needed here. While UV is gaining traction and low cost UV LEDs might accelerate the use of UV light for disinfection, work on high kinetic photocatalysts in water might allow the use of blue light (which is much cheaper to produce) and solar light. In addition to various types of TiO2 work, mixed oxide photocatalysts might emerge as a contender. Lots of exciting work going on in the lab, and some companies are forming to commercialize. A couple of key breakthroughs can open up the space of non-chemical disinfection and decontamination of toxic compounds, such as pharmaceuticals and their decomposition products, without producing toxic byproducts themselves.

WIA: Tell us a bit about your research in water. What type of things are you working on these days?

MS: My group’s research focuses on desalination and reuse. In desalination, we are trying to develop a small scale desalinator (for individual units) that has the lowest possible energy consumption. The main focus is to find new ways to pretreat the water at low energy and no chemical use with low rejection (<10%), at a quality that a super flux membrane (made from aligned CNT membranes) will not foul. To do so, we have to remove all organics, silt and colloids down to 1 nm in size.

We are also working on a solar thermal power generator that uses seawater for cooling, to produce 5 MW of electrical power, and about 36,000 gpd. Combined with this effort, we are investigating high-TDS residual treatment, including mineral recovery, as a way to facilitate more inland desalination.

The other main focus is on reuse, to produce both clean water and net energy generation from blackwater from anaerobic digestion that produces high-methane content bio-gas. The objective is to use one stage of high-flux, low-fouling NF membranes for the permeate, operated in suction at less than 10 psi (2/3 of an atmosphere) so that flat panels can be used (i.e. no pressure vessels are required to reduce capital costs). The permeate is further treated with advanced mixed oxide photocatalysts with blue light irradiation to completely minearlize any hydrocarbons that made it through the NF membranes. The overall goal is that pathogen free, non-potable water can be reused for a number of uses, and net energy is produced, considering all inputs (pumps, electrical power for blue light, gas separation, etc).

WIA: The WaterCAMPWS at the University of Illinois that you run is literally the only government water research facility. First off, what type of work is done at the facility and also how is that possible that there is only one? There are like 36 nanotech centers and one for water that the federal government supports.

MS: The WaterCAMPWS conducts research in all areas of water S&T under two main themes: Water and Energy, and Water and Health. The Water and Energy theme includes research on new desalination modalities and technologies, reuse technologies with energy and nutrient recovery, new membranes synthesis and characterization, residual minimization with mineral recovery. The Water and Health theme researches new ways to decontaminate water from toxic oxyanions, toxic compounds such as pharmaceuticals and their decomposition products, and new ways to disinfect waters without producing toxic disinfection byproducts.

The lack of large scale funding by the federal government on water science and technology is somewhat baffling to me, considering its vital importance to everyone in the U.S. The WaterCAMPWS has only two more years of funding from the NSF, and then that stops due to “term limits” in funding of all STC’s at 10 years, regardless of success or importance. I think in part the reason water research is not funded is that water is not forefront in citizens minds, like energy and jobs are. People, including those in Congress, do not see the connection of water to the economic output as they do with energy and nanotechnology. Of course, water is intricately connected with energy and economic output (the availability of high quality water in large quantities is one of the reasons the United States was able to become an economic superpower). Interestingly, some of the most exciting new developments in water involve nanotechnology – indeed water technologies might be the “killer app” that people have been looking for in nanotechnology. But that might end if water S&T research ends soon in the U.S., because most of the nanotechnology focused funding is in the energy sector.

WIA: You do a lot of work at WaterCAMPS examining the state of water infrastructure. How bad is our nation’s water infrastructure? Is it a money issue? Can it be fixed? After he incident in Boston there has been some interest but its already fading.

MS: The U.S. has some of the oldest water infrastructure in the world, which is surprising to many, but we haven’t had any world wars on our shores, as have Europe and Japan. And due to the enormous cost to dig up and replace pipes, particularly within cities, we are not likely to see any change in the next 50 years. With some 250,000 water main breaks a year in the U.S., the cost of just maintenance is in the billions every year, so there is a huge monetary driver for solutions. Add to this the high leakage rate (which in some old systems can be as high as 50% in some areas), increasing water scarcity will also be a driver to find solutions. I am at the AWWA annual conference right now and there are a large number of companies offering leak finder and pipe repair solutions. So there is obviously interest in supplying better solutions to our crumbling distribution system. I think in the future that an alternative solution will be to leapfrog classic centralized distribution systems with decentralized systems that supply and treat both water and waste locally, reducing the need for water input from afar. However, these systems will only be a partial solution, as the need to supply water for fire suppression and irrigation will still require large water input, but the quality can be lower.

WIA: Ok, say you become President for the day, tell me the first three things you would do from a government and policy standpoint to begin address our nation’s water problems?

MS: I would declare that water is a priority for the U.S., on par with energy, and direct agencies to develop plans for spurring R&D and innovation in the water sector. 2. To help facilitate innovators across the U.S. who have to grapple with multiple (and often conflicting) codes and jurisdictions, I would ask Congress to strengthen the EPA’s ETV program so that if vendors receive certification, that should be considered a acceptable for code compliance (I’m not a lawyer, so I don’t know how this can be done – but hopefully someone would in order to reduce litigation risk for innovators). 3. I would also direct the EPA to create national centers of excellence for S&T research in water, including purification technologies, and would increase funding for water in the SBIR/STTR programs to help small innovators move some of the R&D into practice.

WIA: As always Mark, thank you so much for your time and insights.

For Dr. Shannon’s presentation at the WIA Dayton Conference, go to: http://www.daytonwaterconference.org/pdf/presentations/DWC_MAY2010_shannon.pdf
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JOIN THE WATER INNOVATIONS ALLIANCE TODAY

The Water Innovations Alliance is the public policy voice of the world’s water researchers, technologists and innovators. The Alliance’s role is to advocate policies that promote the aggressive development of water technologies and innovations across all sectors and users of water by creating new market opportunities, increasing funding, strengthening research and development programs, removing regulatory and market barriers and improving education, communication and outreach efforts.

Contact Vincent Caprio at: vince@waterinnovations.org for more information. Attached is a wia_10_membership_form Membership Form.
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HONORING A LEGEND: Jacques Cousteau

Friday, June 11th was the 100th Anniversary of the birth of Jacques Cousteau http://www.notablebiographies.com/Co-Da/Cousteau-Jacques.html and we would like to highlight activities celebrating the life of this legend.

Fabien Cousteau http://www.fabiencousteau.org/, third generation ocean explorer, documentary film maker, environmental ambassador, grandson of Jacques Cousteau and Water Innovations Foundation http://www.wif.tallyfox.com/fabien-cousteau-0 Advisory Board member, launched a nonprofit organization in June called PLANT A FISH. Its core mission focuses on engaging and educating local communities and children toward the restoration efforts of their local marine environments. The lessons that participants will learn about nature and sustainable living are relevant everywhere. Initial programs include the planting of 1 billion oysters in New York City’s Harbor, 1 billion sea turtles in El Salvador and 1 million mangroves in Florida.

Fabien hosted a PLANT A FISH reception http://www.fabiencousteau.org/index.php?s=26 on Monday, June 7th in Washington, DC in celebration of his grandfather’s 100th birthday. Vincent Caprio was in attendance http://www.vincentcaprio.org/vincent-caprio-fabien-cousteau-at-plant-a-fish-fundraiser at this special event. Please consider donating to this worthy cause.
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ONLY A FEW SPOTS LEFT: SIGN UP TODAY TO BE A SPONSOR AT THE WATER INNOVATIONS SUMMIT IN CHICAGO SEPTEMBER 28-29, 2010

Don’t miss out on the fastest growing, most innovative event in water.
If you are a new start-up, water agency, investment firm of Fortune 500 company, the Water Innovations Summit is your chance to become part of the conversation on water technology and innovations. Attached is a Sponsorship Form.

To learn more about becoming a sponsor of the Water Innovations Summit, contact Vincent Caprio at 203-733-1949 vince@waterinnovations.org
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WATER INNOVATION NEWS:

NY Times: Plant a Fish – Now, New York Is His Oyster:
http://green.blogs.nytimes.com/2010/06/04/now-new-york-is-his-oyster/

Water Online: Water Treatment Membranes Overflow Into New Growth Markets http://www.wateronline.com/article.mvc/Water-Treatment-Membranes-Overflow-Into-New-0001

Wall Street journal: A Cousteau Continues Legacy of Ocean Exploration
http://online.wsj.com/article/SB10001424052748703303904575292601095309906.html

Water Online: MIOX Disinfection Used In Indirect Potable Reuse Project
http://www.wateronline.com/article.mvc/MIOX-Disinfection-Used-In-Indirect-Potable-0001

Businesswire: Coca-Cola Enterprises Improves Water Efficiencies http://www.marketwatch.com/story/coca-cola-enterprises-improves-water-efficiencies-increases-recycling-rates-and-reduces-reported-carbon-footprint-for-third-consecutive-year-2010-06-16?reflink=MW_news_stmp

BBC: Kevin Costner helps clean up oil spill
http://news.bbc.co.uk/2/hi/entertainment_and_arts/10364501.stm

SooNews: International Hub Of Clean Water Technology http://www.soonews.ca/viewarticle.php?id=26298

Milwaukee Journal Sentinel: UWM Water School plan includes privately funded building http://www.jsonline.com/business/95550044.html

Tech Rockies: Irrigation Water Technologies America Raises $2.1M‎
http://www.techrockies.com/story/0029059.html

WaterWorld: MicroDesalination evice Unveiled http://www.waterworld.com/index/display/article-display/7092175799/articles/waterworld/drinking-water/2010/03/Micro-desalination-device-unveiled-by-scientists.html

Artemis Project Names Top 50 Water Companies, Environmental Protection: http://eponline.com/articles/2010/06/16/artemis-project-names-top-50-water-companies.aspx

Common Dreams: Is Using Dispersants on the BP Gulf Oil Spill Fighting Pollution with Pollution? http://www.commondreams.org/headline/2010/06/18-9

Water World: Sustainable Waste Water Plant Planned for Netherlands http://www.waterworld.com/index/display/article-display/4677242136/articles/waterworld/world-regions/europe/2010/06/Sustainable-wastewater-treatment-plant-planned-in-Netherlands.html

BusinessWire: Watts Water Technologies Confirms Plans to Acquire Austroflex http://www.marketwatch.com/story/watts-water-technologies-confirms-plans-to-acquire-austroflex-2010-06-17?reflink=MW_news_stmp

PR Newswire: STW Resources Holding Corp. Names Jeffrey R. Garwood, Former CEO GE Water to Advisory Board http://www.prnewswire.com/news-releases/stw-resources-holding-corp-names-jeffrey-r-garwood-former-ceo-of-ge-water–process-technologies-to-its-advisory-board-96794084.html

WaterWorld: Atomic Innovation http://www.waterworld.com/index/display/article-display/4156944888/articles/water-wastewater-international/volume-25/issue-2/regulars/perspective/atomic-innovation.html

Delaware Online: Smart-phone growth may crimp water research http://www.delawareonline.com/article/20100621/NEWS/6210339

Washington Post: U.S. water system needs better enforcement, smart investment to ensure quality
http://www.washingtonpost.com/wp-dyn/content/article/2010/06/14/AR2010061404637.html

PR Newswire: EPA Updating Drinking Water Rules http://yosemite.epa.gov/opa/admpress.nsf/e77fdd4f5afd88a3852576b3005a604f/2e4503668a34b3dd852577450061a0c8%21OpenDocument

Cyprus Mail: First Solar Powered Desal Plant To Be In Cyprus http://www.cyprus-mail.com/cyprus/first-ever-solar-powered-desalination-plant-will-be-cyprus/20100624

BusinessWire: Pall Corporation Appoints Michael Egholm, Ph.D., Chief Technology Officer http://www.marketwatch.com/story/pall-corporation-appoints-michael-egholm-phd-chief-technology-officer-2010-06-14?reflink=MW_news_stmp

Planet Green: Smart Metering Could Solve Water Woes http://planetgreen.discovery.com/tech-transport/how-smart-metering-can-solve-the-water-crisis.html

Yahoo Finance: http://finance.yahoo.com/news/ET-Water-Systems-Named-a-iw-958104314.html?x=0

Redding Times: Who Owns California’s Water http://www.redding.com/news/2010/jun/21/who-owns-californias-water/

BusinessWeek: NYC Water System Gets More Funding http://www.businessweek.com/news/2010-06-22/new-york-city-water-system-selling-400-million-build-americas.html

Denver Post: Colorado Development Driven By Water http://www.denverpost.com/news/ci_15335684

KNEB: USDA Increases Funding of Water Projects http://www.kneb.com/news/agricultural/0aaa505f-4e0d-49c7-8f19-74585cdf154b
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CONTACT US:

Water Innovations Alliance
4 Research Drive, Suite 402
Shelton, CT 06484
vince@waterinnovations.org

Water Innovations Foundation
8 Herbert Street
Cambridge, MA
mark@waterinnovations.org

www.waterinnovations.org

In this month’s interview, we talk to Scott Livingston, Chairman and CEO of Livingston Securities, LLC www.livingstonsecurities.com. Mr. Livingston has been working on emerging technologies at Wall Street firms for over 18 years and has specialized in nanotechnologies since 2002. Mr. Livingston has been called “sharp and highly connected” by the Forbes Wolfe Nanotechnology Report (July 1, 2005) and has been a keynote speaker on advanced technology investment trends at MIT, the National Renewable Energy Lab (NREL), the NanoBusiness Alliance, Brookhaven National Labs, Rice University Center for Nanotechnology, the Lawrence Berkeley Labs, Albany Nanotech, Hillary Clinton’s Jobs for New York, the US Congress Nanotechnology Caucus and the US Congress High Tech Caucus, and at conferences on economic development and job creation through investment in advanced technologies in over a dozen states across America. In addition, Mr. Livingston is also the creator of the annual “Livingston Nanotechnology Conference,” Wall Street’s largest annual nanotechnology investor conference since 2005.

From 2005 to 2009 Mr. Livingston was a Managing Director at Axiom Capital Management, Inc, and head of the Livingston Group, a division within Axiom focused on nanotechnology. From 2000 to 2005 Mr. Livingston was a Director in the Private Investment Management Division at Lehman Brothers. While at Lehman in 2002, Mr. Livingston began his focus on nanotechnology and started to cover the field for institutional and individual investors. Mr. Livingston graduated from the State University of New York at Albany with a B.A. in Political Science with a concentration in International Economic Relations. Mr. Livingston is a Board Member of the NanoBusiness Alliance and a founding Board Member of the New York NanoBusiness Alliance. Mr. Livingston is also a founding member of the Water Innovations Alliance. Mr. Livingston sits on the Board of the Dolan DNA Learning Center of the Cold Spring Harbor Laboratory and the NanoEthics Group. Mr. Livingston’s registrations include Series 4, 7, 24, 27, 53, 55, 63 and 65.

In this interview, we talk to Scott about his views of nanotechnology on Wall Street, the state of the nanotech IPO market and his views on financing nanotech innovation, among other topics. We hope you enjoy our interview with Scott. – Steve Waite

SW: Good to speak with you today, Scott. Thanks for taking time out of your busy schedule to do the interview. How are things going at Livingston Securities these days?

SL: We are very busy. Thanks for having me as a guest, Steve. I am a regular reader of your interviews.

SW: What is Wall Street’s view of the potential of nanotechnology these days?

SL: Emerging technology cycles tend to be similar. Whether we are talking about the internet, which was the emerging technology wave of the 90s, or biotech in the 80s, or autos in the early part of the 20th century, we see a period of initial euphoria, followed by a longer period of investor disappointment, followed by a longer climb out of the hole to a point where the promise is reached. We are still in the “crawling out of the hole” phase, but many of our public nano companies have had tremendous moves over the last year so investors and bankers are noticing that nano can make them money.

SW: With many people on Wall Street seemingly focused intensely on the next quarter, how do you convey to investors the importance of staying focused on the tremendous, longer term potential of nanotech?

SL: Public companies that are a part of the nano universe have shown great quarter over quarter growth over the last year and short term investors have responded by pushing the stocks way up, and allowing the companies to price secondary offerings at levels not dreamed of the year before. While we want to focus on the long term, we aren’t afraid of investors who are focused on hitting quarterly numbers. That can be a two-sided opportunity. If the company misses their short term estimates they may complain about fickle shareholders, but if they hit the quarter they are very happy with those same shareholders.

SW: How has the success of the A123 Systems’ IPO affected your business? Are you seeing great interest among investors in nanotechnology?

SL: A123 Systems was officially the best performing IPO of 2009. The success of the A123 IPO led to S-1 filings for venture backed, innovation-driven companies in biofuels, communications equipment, electric vehicles, solar, and healthcare. Institutional investors have also taken note of A123 primarily due to its volatility and liquidity.

SW: What does the nanotechnology IPO pipeline look like these days? Are there any interesting deals out there on which people should be focused?

SL: I won’t mention specifics because to do so would require me to post prospectuses for each name I mention, but the pipeline is robust right now. The problem is that many of the venture-backed IPOs, that have priced in the first half of 2010, have performed quite poorly. We feel that big investment banks are under serving the innovation economy and this represents the single biggest risk to realizing the potential of nanotechnology in the short term. I’d say the best way to sum it up is “stronger than ever but tenuous.”

SW: Which CEOs, working in nanotechnology, have impressed you the most and what qualities make them special?

SL: Since we are regulated by FINRA rules, I would decline to mention specifics. But generally we’ve seen a pretty good showing by management teams at the major public nano companies. The qualities that make them special include: ability to raise money and manage relations with Wall Street, vision on acquisitions, and ability to inspire and build loyal employee and management teams.

SW: What are the most common mistakes companies make in financing nanotechnology-related ventures?

SL: Underfunding. If you think your business plan calls for $5mm over the next two years, plan to invest $7.5mm. If your business plan calls for $7.5mm, invest $10mm. You don’t want to run out of money just as you are hitting the goal line.

SW: What advice do you have for people who are looking to raise capital to fund nanotech innovations?

SL: That’s a loaded question. Other than the fact that they should all work with Livingston Securities, I’d say that they need to have a deep bench of investors, both strategic, venture and high net worth. They should keep close track of the financings announced by other companies in their verticals and note what is attracting capital in their space.

SW: Do you sense that companies today are taking a more proactive role in discussing the benefits and risks associated with nanotechnology?

SL: We cover over 300 of the S&P 500 companies and loads of other companies, all the way down to the early stage startups. Companies are aware that they need to be on top of advances in nano more than ever.

SW: How is government regulation affecting the nanotech community?

SL: Regulation and the threat/promise of more regulation are a factor but, for the most part, not confined to nanotechnology. Chemical companies, pharmaceutical companies, consumer product companies, etc. are also dealing with the prospect of a more assertive regulatory regime and nanotechnology is not significantly different. Again, this is the opinion of the executive who is looking at the bigger picture. If they drill down into nano there is more depth to those concerns but they’re not isolated to just nano in general.

SW: What, in your view, should policymakers do with respect to nanotech regulation in order to promote and foster nanotech innovation?

SL: Insist on data. Data should be in the form of accepted scientific methods and procedures. Many of the studies that have shown that nano is potentially a threat have done so based on studies that wouldn’t be allowed at FDA or other regulatory agencies. Without data we can’t make informed decisions as to whether or how to regulate.

SW: Livingston Securities has a mission to be one of the world’s leading financial institutions in nanotechnology. What do you think it will take for your firm to be successful in the future?

SL: We have a large clientele of institutional investors and also have accounts with many of the top individual investors in nano. We will be successful even in a weak environment, but a strong market, a better market for IPOs and a little luck wouldn’t hurt.

SW: What are the three most important lessons you have learned in the process of working with the nanotech community over the past decade?

SL: I try to teach people in the nanotechnology community the lessons that I’ve learned over 20 years in the emerging technology community: Pride comes before the fall, It’s all about the rolodex and don’t ever, ever, ever stop raising money.

SW: How has the NanoBusiness Alliance been helpful to Livingston Securities? What role do you see the NbA playing in the future?

SL: The NanoBusiness Alliance is an extremely important organization to our firm. Over the years I’ve pretty much met everyone that there is to meet through the NbA and the access that the group has to key decision makers is unparalleled. If the NbA were better funded it would have the opportunity to become one of the most important industry organizations in America, but without adequate funding from members it is not as effective as it could be. I think that the most important role the NbA plays is as an aggregator of all of the key stakeholders in the nano-based economy and as a regular programmer for those stakeholders to meet and connect.

SW: We assume Livingston Securities will be having its nanotech conference again this year in New York City. Tell us about what you have planned for this year’s conference.

SL: Haven’t started yet, but we always get a great mix of keynotes, panels and discussions and every year we have more hedge funds and VC funds than the previous year. We’ve been exploring adding conferences on a virtual reality platform which would facilitate connections between attendees and bring in a whole new group of participants, as well as saving travel budgets for those that are far away. The key question that still needs to be answered is “Will 2010 be a robust year for IPOs after A123 Systems’ strong IPO in 2009?” Whether that answer is “yes” or “no” is still yet to be determined and the answer to that question will set the tone for our conference in December, 2010.

SW: Thanks again for your time today, Scott. We wish you and your colleagues at Livingston Securities all the best in the future.

NANO NEWS
I www.vincentcaprio.org would like to share with you the following Nanotechnology news articles:

Taking the NanoPulse – Help Wanted: Nanotechnology Experts
http://www.industryweek.com/articles/taking_the_nanopulse_–_help_wanted_nanotechnology_experts_21786.aspx

Forbes/Wolfe Emerging Tech Report
New technologies for removing oil from water are everywhere… Except the Gulf
http://www.luxresearchinc.com/blog/2010/05/new-technologies-for-removing-oil-from-water-are-everywhere%E2%80%A6-except-the-gulf/

The Coolness of Tiny Things
http://www.economist.com/node/16214096?story_id=16214096

Patent Fast Track Proposed
http://online.wsj.com/article/SB10001424052748704515704575282951991894276.html

Regards,

Vincent Caprio “It’s Green, It’s Clean, It’s Never Seen – That’s Nanotechnology”
www.vincentcaprio.org
Executive Director
NanoBusiness Alliance
203-733-1949
vincentcaprio@nynanobusiness.org

Know your Cousteaus: Diving deep into the family pool
http://voices.washingtonpost.com/reliable-source/2010/06/rs-_cousteau.html

Reception launching Fabien Cousteau’s new organization, Plant A Fish
http://washingtonscene.thehill.com/party-events-pictures/archive/4511-reception-launching-fabien-cousteaus-new-organization-plant-a-fish

Fabien Cousteau www.fabiencousteau.org is an Advisory Board Member of our Water Innovations Foundation www.waterinnovationsfoundation.org. I asked Fabien to share his thoughts on the Gulf oil spill. “For far too long, we’ve been using our ocean planet as both an infinite resource and a garbage can. The recent Gulf oil spill vividly demonstrates the devastating impact our careless actions are causing. The only potential upside is that the tragedy is gaining public awareness and compassion. Perhaps now, we will begin to comprehend the fragility of the ocean world and the severe impact our carelessness is having on our one and only life support system. With regards to the invaluable resources our oceans provide, we must see our natural world as a bank account and start living on the interest instead of eating away at the capital. Despite the current challenges we face as a species, we must go forward and strike a delicate balance with the oceans if we are to survive well into the future. By ending our wasteful practices, weaning ourselves off our 100-year-addiction to fossil fuels and shifting to, and embracing renewable energy sources, we can a reach this critical balance. As challenging as it may be, let’s do everything we can to properly clean up this disaster, focus on how we can prevent such a tragedy from reoccurring and start nursing our planet back to health.”

A Cousteau Continues Legacy of Ocean Exploration
http://online.wsj.com/article/SB10001424052748703303904575292601095309906.html

Grandson of Famed Undersea Explorer Celebrates World Ocean’s Day
http://www.myfoxdc.com/dpp/mornings/grandson-of-famed-undersea-explorer-celebrates-world-oceans-day-060810

On Tuesday, I attended Corporate WaterVision 2010 http://www.infocastinc.com/downloads_pdf/corporatewater_agenda.pdf, a very informative water conference in DC. I enjoyed the Luncheon Keynote Address: Obama Administration Initiatives, presented by Peter S. Silva, Assistant Administrator for Water, US Environmental Protection Agency. I would like to remind our members that all the presentations from our Dayton Water Conference www.daytonwaterconference.org/presentations.php are on our site to review.

Yesterday in DC, there were 5 Congressional hearings on the Gulf oil spill.

Kevin Costner Testifies Before Congress On Gulf Oil Spill
http://www.huffingtonpost.com/2010/06/09/kevin-costner-testifies-b_n_606542.html

Kevin Costner is not the only celebrity with a product to clean the Gulf oil spill.

Jean-Michel Cousteau, Troy Aikman, and Drew Bledsoe Hold Press Conference in Louisiana to Endorse Breakthrough Technology
http://www.tradingmarkets.com/news/stock-alert/esph_jean-michel-cousteau-troy-aikman-and-drew-bledsoe-hold-press-conference-in-louisiana-to-endorse-br-976449.html

One of my late father’s favorite quotes hit me while in DC. General Douglas MacArthur said, “Old soldiers never die, they just fade away.” In regard to the Gulf oil spill I thought, “Old toxins never die and we hope they just fade away.”

Regards,

Vincent Caprio
Chief Operating Officer
Water Innovations Alliance
vince@waterinnovations.org

Fabien Cousteau http://www.fabiencousteau.org/, third generation ocean explorer, documentary film maker, environmental ambassador, grandson of Jacques Cousteau and Water Innovations Foundation http://www.wif.tallyfox.com/fabien-cousteau-0 Advisory Board member, is launching a nonprofit organization in June called PLANT A FISH. Its core mission will focus on engaging and educating local communities and children toward the restoration efforts of their local marine environments. The lessons that participants will learn about nature and sustainable living are relevant everywhere. Initial programs include the planting of 1 billion oysters in New York City’s Harbor, 1 billion sea turtles in El Salvador and 1 million mangroves in Florida.

Fabien is planning a PLANT A FISH reception http://www.fabiencousteau.org/index.php?s=26 on Monday, June 7th in Washington, DC in celebration of his grandfather’s 100th birthday. I will be attending this special event. Please consider donating to this worthy cause.

Of note, Turner Classic Movies (TCM) will be airing a special event beginning on June 11th called, Under the Sea: Celebrating the 100th Anniversary of Jacques Cousteau’s birth http://www.tcm.com/thismonth/article/?cid=309185. The Cousteau birthday itself, June 11, includes a twenty-hour marathon of documentaries in which he participated. All are TCM premieres, including six episodes of The Undersea World of Jacques Cousteau dating from 1968 to 1974, and twelve episodes of The Jacques Cousteau Odyssey, an Emmy-nominated 1977 television series featuring the research adventures of the man called “the public conscience of mankind’s stewardship of our oceans.” Also premiering is an award-winning documentary about Cousteau. Jacques Cousteau: The First 75 Years (1986), directed by John Soh and narrated by Jose Ferrer, documents the explorer’s life from birth and childhood to his 75th birthday.

Please join me in the celebration of the life of Jacques Cousteau and in supporting Fabien’s vision of PLANT A FISH.

Regards,

Vincent Caprio
Chief Operating Officer
Water Innovations Alliance
203-733-1949
vince@waterinnovations.org