Applied Nanotech Enters Into Research Agreement With Leading Industrial Chemical Products Company

Nano-Proprietary, Inc. announced that its subsidiary, Applied Nanotech, Inc. (ANI), entered into a research and development partnership agreement with a leading industrial chemical products company in Japan to develop technical inks. Technical inks are inks that can be deposited using additive processes such as printing, in particular inkjet and screen-printing. The target markets for technical inks are printed circuit boards, flexible electronics and displays, communications instrumentation, and RFIDs. The purpose of the partnership is to strategize and identify specific applications, and then develop technical inks to address each unique situation. One of the first areas of research for the partnership will involve conductive inks using functionalized nanoparticles that will be manufactured and commercialized by the chemical company. The project will start October 1, 2006 and the R&D partnership will be located at ANI’s facilities in Austin, Texas. ANI will provide the laboratory space, equipment and the necessary installations. During the first twelve months, ANI will receive $500,000 in research funding. According to this agreement, ANI’s partner has the option of licensing the intellectual property developed under the R&D partnership. “Functionalization of nanomaterials for improving carbon nanotube electron emission, achieving new polymeric and metallic composites with improved properties, is one of our core technologies. Applying our expertise to technical inks is a natural extension of our technology and business strategy”, said Dr. Zvi Yaniv, President and CEO of ANI. Visit www.applied-nanotech.com