NBE was formed on February 10th, 2005 and has been a member of VTKnowledgeWorks, a business incubation program in the Virginia Tech Corporate Research Center, owned and operated by Virginia Tech Foundation. NBE has a license agreement with Virginia Tech Intellectual Properties, Inc. for exclusive rights to use and sell the nanoTach® product in all markets. The licensed technology was developed based on research efforts done by NBE’s founder at Virginia Tech. NBE has built a production facility capable of making hundreds of kilograms of the product.