ADVISORY, Aug. 23, 2012 (GLOBE NEWSWIRE) --
The Rice Alliance for Technology and Entrepreneurship will visit the NASDAQ MarketSite in New York City's Times Square to honor NuMat Technologies, winners of the 2012 Rice University Business Competition.
NuMat Technologies is commercializing a new class of nanomaterials that can store gases just like a sponge soaks up water. One of their nanomaterials would be for natural gas tanks used in everyday motor vehicles. This material can overcome the major hurdles impeding natural gas automobiles currently by: storing natural gas at a lower pressure making natural gas fuel tanks safer; enabling design flexibility such that the tanks can be designed around current automobile underpinnings, reducing production costs and shortening development time; and increasing driving range. Their technology would also enable the possibility of refueling natural gas vehicles at home.
This is the fifth year that the NASDAQ OMX Educational Foundation has sponsored the Rice Business Plan Competition and NuMat Technologies is the fifth winning team to ring the bell.
In honor of the occasion, Brad Burke, Managing Director, Rice Alliance for Technology and Entrepreneurship, Rice University representatives and NuMat Technologies will preside over the NASDAQ Closing Bell.
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Friday, August 24, 2012 – 3:45 p.m. to 4:00 p.m. ET
Mary Lynn Fernau
Fiber Line (Encompass Waterfront): 4463
Gal 3C/06C 95.05 degrees West
18 mhz Lower
DL 3811 Vertical
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About the Rice University Business Plan Competition:
The Rice University Business Plan Competition (RBPC) is the world's richest and largest business plan competition. During the competition's eleven-year history, 56% of teams (199 out of 354 past competitors) have gone on to successfully launch their business. Of those, 128 or 64% are still in business today. More than $460 million in early-stage funding has been raised by Rice Business Plan Competition participant companies. There are 250+ judges on the judging panel consisting of "who's who" of the investor, venture capital, entrepreneur, & business community.
About The NASDAQ OMX Educational Foundation:
The mission of The NASDAQ OMX Educational Foundation is to promote learning about capital formation, financial markets and entrepreneurship through innovative educational programs. It was established in New York City in 1994 and is supported entirely by contributions from The NASDAQ OMX Group, Inc.
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 24 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.999% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)