PEN Inc. announced the closing of the previously announced combination of Applied Nanotech Holdings Inc. (Applied Nanotech) and NanoHoldings Inc. to form the new company. Scott Rickert, the CEO of Nanofilm, is now the CEO and Chairman of the Board of Directors of PEN. PEN also announced a newly constituted board of directors.

In addition to Dr. Rickert, new directors are Jeanne Rickert, Douglas Holmes, and James Sharp. Robert Ronstadt, Howard Westerman and Ronald Berman, who were members of the Applied Nanotech board, will remain as directors of PEN.