Henderson, once he got past images of Robin Williams in an alien suit, jumped on the opportunity. Burlington renamed the company Nano-Tex. The heart of Nano-Tex has stayed with Soane in Emeryville, Calif., but the company now has some of its staff at Burlington's Greensboro, N.C., headquarters. It should be mentioned that Burlington desperately needs something like this. Its financial performance and stock price have been sinking for years.
Analysts usually rate stocks as buy, hold or sell.
Henderson believes Nano-Tex could not only give Burlington new, premium products, but also buff its image. That's the Nano-Dry product. Burlington is making fabric with the processes. It also plans to license the processes to other mills. Nanotechnology might be able to give fabric all kinds of properties.