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P&G Signs Agreements With Nanotech Firms

February 14, 2006

Procter & Gamble Co. chief executive Alan G. Lafley, calling nanotechnology “fascinating,” said his company has inked confidentiality agreements with three nanotech firms to share ideas and technologies.
“We’re not the only industry or the only company that’s looking at nanotechnology,” Mr. Lafley told reporters following a speech at the Boston College Chief Executives’ Club. “There’s a lot of power in minimization; less is more.”
Although Mr. Lafley said he expects nanotechnology “to be a very fruitful area” for the company, he declined to elaborate. “I really can’t give you specific examples because these are technologies in development.”
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