News: Suppliers
1 September 2021
Arizona State and Michigan State diamond spin-offs sign MoU
Arizona State University (ASU) diamond device startup Advent Diamond Inc and Michigan State University (MSU) diamond materials startup Great Lakes Crystal Technologies (GLCT) have signed a memorandum of understanding (MoU) to team together to capitalize on mutually beneficial company growth opportunities in crystalline diamond-based materials, devices and applications.
The MoU identifies a number of specific partnership opportunities including joint federal R&D grant proposals, intellectual property licensing, co-marketing of products and capabilities, co-development of new products, and strategic customer-supplier relationships.
“This strategic alliance between Advent and GLCT is poised to make the commercialization of diamond semiconductor devices successful,” reckons Advent’s CEO Manpuneet Benipal.
“Our partnership with Advent is very exciting because they have a great team, we have complementary mission statements, and there is much we can do better together than separately,” says GLCT’s president & CEO Keith Evans. “Our respective technical founders often team together as well, such as co-chairing diamond workshops and conference symposia, and in pursuing joint federal R&D support,” he adds.
GLCT’s technical founder and MSU professor Tim Grotjohn and Advent’s technical founder and ASU professor Bob Nemanich last year joined forces to win four years of US Department of Energy (DOE) support to establish an ASU-led, MSU-supported, Energy Frontier Research Center (EFRC) called ‘Ultra Materials for a Resilient, Smart Electricity Grid’ (ULTRA).
