Veloxint Announces Strategic Investment and Technology Development Agreement with Stanley Black & Decker

May 31, 2017

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Veloxint Corporation, a developer of nanocrystalline metal alloys with transformational properties, has closed a strategic investment agreement with Stanley Black & Decker, a global provider of tools and storage, commercial electronic security, and engineered fasteners. Concurrently, both parties have entered into a technology development agreement to jointly commercialize these breakthrough metal alloys for applications of mutual interest. Financial terms of the deal were not disclosed.