March 20, 2008 09:00 ET

Hynix Joins Nanosys' NAND Flash Memory Technology Access Program

PALO ALTO, CA--(Marketwire - March 20, 2008) - Nanosys, Inc. today announced that Hynix Semiconductor Inc., the world's second largest memory manufacturer, has joined Nanosys' Memory Technology Access Program (M-TAP). Under the M-TAP, Hynix will collaborate with Nanosys to apply Nanosys' quantum dot flash memory technologies (QDM™) for NAND-based flash memory. Specific terms of the agreement were not disclosed.

Nanosys has developed its QDM™ flash technologies to improve the performance and continued scaling capabilities for a wide variety of NAND-based flash memory designs. Participants in Nanosys' M-TAP collaborate to apply these proprietary technology solutions for current and future generations of memory products. For additional information regarding M-TAP, please email mtap@nanosysinc.com.

"We are very pleased to be collaborating with Hynix under our M-TAP program," said Calvin Chow, Nanosys' Chief Executive Officer. "Hynix's vision and proven ability to deploy new technologies rapidly and successfully into the marketplace makes them an excellent collaborator."

"New enabling technologies that can be rapidly implemented are required to address the immediate and escalating demand for cost effective, high-performance flash memory," said Dr. Seok Kiu Lee, Vice President of the R&D Division at Hynix. "We look forward to applying Nanosys' QDM flash technology towards this significant need and opportunity."

About Nanosys

Nanosys, Inc. is a leader in the development of nanotechnology enabled products utilizing high-performance inorganic nanostructures. Nanosys has built one of the broadest technology platforms in the industry with over 500 patents and patent applications covering fundamental areas of nanotechnology. Based in Palo Alto, California and privately held, Nanosys collaborates with industry leaders to develop revolutionary high-value, high-performance products for computing, optoelectronics, communications, renewable energy, defense and the life sciences. Additional information on Nanosys can be found at www.nanosysinc.com.

About Hynix

Hynix Semiconductor Inc. (HSI) of Icheon, Korea is the world's top tier memory semiconductor supplier offering Dynamic Random Access Memory chips ("DRAMs") and Flash memory chips to a wide range of established international customers. The Company's shares are traded on the Korea Stock Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about Hynix is available at www.hynix.com.