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Oklahoma Nanotech Company will Establish Ties in Azerbaijan

Oklahoma-based SouthWest NanoTechnologies Inc. has inked a deal to build a carbon nanotube production plant in Azerbaijan.

SouthWest NanoTechnologies Inc. is poised to capitalize on Azerbaijan's interest in diversifying its economy beyond oil and natural gas.

The Norman-based technology company announced Monday it had signed a memorandum of understanding with the Azerbaijan Investment Co. OSJC and Sumgait Chemical Industrial Park LLC to develop a major carbon nanotube production plant near the capital city of Baku. Financial terms were not disclosed.

Source: NewsOk

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