|By Business Wire||
|August 13, 2013 03:19 PM EDT||
Ettin Group announces that nanometer-scale manufacturing equipment and a large catalog of associated intellectual property will be the subject of a significant auction on August 19 to 22, 2013 related to the Chapter 7 bankruptcy of NanoInk, an Illinois-based company specializing in manufacturing and applications development for a variety of markets including life sciences, engineering, pharmaceutical and education. This 4-day online auction is an opportunity to secure state-of-the-art nanometer-scale manufacturing equipment in excellent condition at significant savings.
Expected to draw interested bidders from around the world, the auction will consist of a wide variety of manufacturing equipment, NanoInk-developed devices and over 440 intellectual property assets including 60 U.S. patents, 74 U.S. patent applications, 97 foreign patents and 230 foreign patent applications.
Equipment expected to garner substantial interest from bidders around the world includes Hitachi Scanning Electron Microscopes, a NanoGuardian Nano Pharmaceutical Encryption Machine and NLP 2000 Lithography Instruments.
The auction is being conducted by a partnership of valuation and liquidation experts including PPL Group LLC, Capital Recovery Group, BidItUp, Maynards Industries and Ettin Group which will be managing the process. According to Ettin Group President Ross A. Ettin, this auction will have special appeal to those involved in all areas of the nanotechnology field including pharmaceutical counterfeiting, nanolithography, banknote security, ink-based security systems, research and education, and engineering.
Additional information including asset list and descriptions, auction date and times, and bidder registration details can be found in the Auctions Section of the Ettin Group website.
About Ettin Group
Ettin Group helps companies deal with a wide range of distressed situations or unrealized opportunities. Through expert turnaround advice, ready access to capital and asset value recovery services, it enables clients to renew their businesses, restore them to health and recover value locked in their assets. The team assembled by industry veteran Ross A. Ettin has the experience in appraisal, valuation, auction services and asset-based lending in every industry where these skills can mean the difference between survival and liquidation. The firm is headquartered at 450 Skokie Blvd., Suite 600, Northbrook, IL 60062. Phone (847) 656-1234 or visit www.ettingroup.com.