Flinn Scholars News

Tempe nanotech instrumentation startup goes global with Agilent merger

Summary:

Molecular Imaging, a company spun off of research done at Arizona State University, has been bought by Agilent Technologies, a global leader in scientific testing and measurement equipment.

Full Story:

Molecular Imaging, a company spun off of research done at Arizona State University, has been bought by Agilent Technologies, a global leader in scientific testing and measurement equipment.

Based in Tempe, Molecular Imaging is known for its atomic force microscopes (AFMs), the primary imaging and measurement instruments used for nanotechnology research. It was the first to develop methods for imaging in fluids using AFMs.

The company was founded in 1993 by ASU professors Stuart Lindsay and Tianwei Jing.

Peter Slate, the founding chief executive officer for Arizona Technology Enterprises (AzTE), ASU's commercialization arm, called Agilent's acquisition a perfect example of what the commercialization of university research could do for Arizona.

"This merger between Agilent and Molecular Imaging is the value that can be created through tech transfer and corporate collaboration," he said. "We can create new products, save lives, and change the world in which we live."

Although Agilent is based in Palo Alto, Calif., officials said Molecular Imaging will stay in Tempe because of its strong ties with ASU.

For Agilent, the purchase of Molecular Imaging is part of a strategy to invest in nanotechnology instrumentation.

"Today we (take) our first step to become a leader in providing nanotechnology tools for scientists," said Bill Sullivan, president and chief executive officer of Agilent Technologies.

Molecular Imaging has about 40 employees. In 2004, the company was recognized as an R&D 100 winner for technical innovation.


For more information:

Molecular Imaging Corp.

Agilent Technologies

"Agilent Technologies acquires Molecular Imaging and its atomic force microscopy technology," Agilent Technologies press release, 11/29/2005