SOURCE: Nano-Proprietary, Inc.

February 28, 2008 08:40 ET

Nano-Proprietary, Inc. Announces Nanobiosensor Patent

AUSTIN, TX--(Marketwire - February 28, 2008) - Austin, Texas-based Nano-Proprietary, Inc. (OTCBB: NNPP) announced that its subsidiary Applied Nanotech, Inc. ("ANI") received a notice of allowance for its patent titled "Nanobiosensor and carbon nanotube thin film transistor." This patent is one of the basic patents that covers a wide variety of biosensor applications and will protect our nanobiosensor platform. For more information on our biosensor technology, see our press release dated October 21, 2003.

This patent combines a sensing element with a thin film transistor structure to report and measure the results. The sensing element is comprised of a combination of conductive polymers, enzymes, and non-aligned carbon nanotubes deposited using a low-cost process. The thin film transistor amplifies the signal of the sensor and provides integration between the sensing capabilities and nanoelectronics. For more information about ANI's thin film transistor approach please see "Solution-deposited carbon nanotube layers for flexible display applications" published in Physica E 37 (2007), pages 119-123, and originally published on September 11, 2006. The claims in this patent represent and protect ANI's technology for integrating carbon nanotube-based nanoelectronics with organic and living matters.

"This is a perfect example of the interdisciplinary nature of nanotechnology, an area where ANI excels," said Dr. Zvi Yaniv, Chief Executive Officer of Applied Nanotech, Inc. "The integration of organic molecules and nanoparticles can create exciting new technologies which have potential to benefit the human race."

ABOUT NANO-PROPRIETARY, INC.

Nano-Proprietary, Inc. is a holding company consisting of two wholly owned operating subsidiaries. Applied Nanotech, Inc. is a premier research and commercialization organization dedicated to developing applications for nanotechnology with an extremely strong position in the fields of electron emission applications from carbon film/nanotubes, sensors, functionalized nanomaterials, and nanoelectronics. Electronic Billboard Technology, Inc. (EBT) possesses technology related to electronic digitized sign technology. The Companies have over 300 patents or patents pending. Nano-Proprietary's business model is to license its technology to partners that will manufacture and distribute products using the technology. Nano-Proprietary's website is www.nano-proprietary.com.

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that involve risks and uncertainties concerning Nano-Proprietary's business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results are included in Nano-Proprietary's annual report on Form 10-K for the fiscal year ended December 31, 2007, and in reports subsequently filed by Nano-Proprietary with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval System (EDGAR) at www.sec.gov or from Nano-Proprietary's website listed below. Nano-Proprietary hereby disclaims any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.

Contact Information

  • COMPANY CONTACT
    Doug Baker
    Chief Financial Officer
    Nano-Proprietary, Inc.
    248.391.0612
    Email Contact


    MEDIA CONTACT
    William J. Spina
    781.378.2000
    Email Contact