Forge Nano – a U.S.-based advanced materials and semiconductor equipment company – featured prominently this week as it advanced both its quality systems and capital markets plans. The company secured ISO 9001 certification for its Thornton, Colorado battery production line and reiterated its intention to go public via a SPAC merger with Archimedes Tech SPAC Partners II Co.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The ISO 9001 accreditation is positioned as a key milestone in proving Forge Nano can reliably manufacture defense‑grade lithium‑ion cells at scale. Management highlights that the certified line is already supplying U.S.-sourced cells for Department of War testing, supporting efforts to win longer-term supply contracts in energy storage and defense.
Across multiple updates, Forge Nano linked the certification to growing demand for resilient, onshore battery supply chains in the U.S. The company emphasized that formal quality management systems are often prerequisites for moving from pilot programs to volume purchasing, particularly in regulated or government-linked markets.
In parallel, Forge Nano detailed plans to list on Nasdaq through its business combination with Archimedes Tech SPAC Partners II. The deal framework includes a pre-money valuation around $1.2 billion, a $100 million PIPE, and access to roughly $242 million in SPAC trust cash, with additional earnout stock tied to share price and revenue milestones.
The company plans to use proceeds to scale its Atomic Armor Atomic Layer Deposition platform and lithium-ion battery manufacturing in the U.S., targeting semiconductors, batteries, defense, aerospace, and industrial powders. Management underscores alignment with U.S. industrial policy, citing a $100 million Department of Energy grant and backing from strategic investors including Volkswagen and GM Ventures.
Forge Nano also highlighted technical advances in high-speed ALD coatings capable of uniform coverage on structures with aspect ratios up to 1000:1. These capabilities are aimed at next-generation AI, photonics, RF, MEMS, memory, and advanced packaging applications, and are being showcased through outreach such as a technical seminar in Kuala Lumpur.
Taken together, the week’s developments suggest Forge Nano is tightening its operational discipline while seeking growth capital to scale production in strategic markets. If the SPAC transaction closes and the company successfully leverages its new certification, it could enhance its position in both the U.S. battery supply chain and global semiconductor ecosystems.